{"id":59315,"date":"2020-05-13T07:00:26","date_gmt":"2020-05-13T11:00:26","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=59315"},"modified":"2020-05-12T20:24:52","modified_gmt":"2020-05-13T00:24:52","slug":"armco-launches-acesxpress-for-early-payment-defaults","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/armco-launches-acesxpress-for-early-payment-defaults\/","title":{"rendered":"ARMCO Launches ACESXPRESS for Early Payment Defaults"},"content":{"rendered":"

DENVER, Colo., May 13, 2020 (SEND2PRESS NEWSWIRE) — ACES Risk Management<\/a> (ARMCO), the leading provider of enterprise quality management and control software for the lending industry, announced the release of ACESXPRESS™<\/a> for Early Payment Defaults (EPDs) to bolster lenders\u2019 existing audit programs in light of the recent increases in required monthly EPD audit volume.<\/p>\n

\"ARMCO
\n\u201cWith unemployment figures on the rise due to the COVID-19 pandemic, the industry is bracing itself for a sharp increase in the number of EPDs on recently originated loans. Furthermore, EPDs are one of the strongest indicators of possible mortgage fraud, the likelihood of which also increases as borrowers feel a greater sense of urgency to secure financing for their home purchase,\u201d ARMCO CEO Trevor Gauthier said.<\/p>\n

\u201cACESXPRESS for EPDs provides a turnkey platform for managing sudden volume spikes in EPD audits while maintaining compliance with audit requirements. Because the system can be implemented within a week, ACESXPRESS for EPDs also minimizes the burden typically placed on existing staff when onboarding a new system, thus enabling lenders to begin realizing its benefits sooner.\u201d<\/p>\n

Originally launched in 2016, ACESXPRESS delivers the power of the ACES Audit Technology™ platform in an easy-to-implement format for small and mid-sized lenders. Recognizing the need for a similar platform designed specifically for EPD audits, ARMCO refined the functionality of ACESXPRESS to deliver needed EPD audit support with a streamlined implementation timeframe. <\/p>\n

ACESXPRESS for EPDs includes:<\/p>\n