{"id":90290,"date":"2023-05-01T07:00:40","date_gmt":"2023-05-01T11:00:40","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=90290"},"modified":"2023-04-28T18:24:50","modified_gmt":"2023-04-28T22:24:50","slug":"aces-quality-management-unveils-aces-protect-mortgage-compliance-testing-module","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/aces-quality-management-unveils-aces-protect-mortgage-compliance-testing-module\/","title":{"rendered":"ACES Quality Management unveils ACES PROTECT\u00ae mortgage compliance testing module"},"content":{"rendered":"

DENVER, Colo., May 1, 2023 (SEND2PRESS NEWSWIRE) — ACES Quality Management\u00ae<\/a> (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announces the addition of ACES PROTECT<\/a>, a suite of automated regulatory compliance tests, to its flagship ACES Quality Management & Control\u00ae quality control (QC) auditing platform. ACES PROTECT enables lenders to reduce audit time and improve oversight by incorporating automatic compliance testing into their overall QC auditing environment.<\/p>\n

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Image Caption: ACES Quality Management.<\/em><\/p>\n

\u201cGiven the nature of originations right now, calculation errors and other compliance missteps are even more costly,\u201d said ACES CEO Trevor Gauthier. \u201cACES PROTECT gives our clients an added layer of compliance protection that is seamless and cost-effective, enabling them to significantly increase audit productivity while still independently validating loan eligibility calculations.\u201d<\/p>\n

Through ACES PROTECT, ACES users can easily access a suite of compliance checks within the ACES platform, including certification of loan estimate\/closing disclosure calculations, high-cost mortgage and high-price mortgage loan testing, TRID fee tolerance, Qualified Mortgage (QM) tests and other critical compliance tests. ACES users can quickly and easily run compliance tests without leaving the system and automate tasks and exceptions for any alerts, significantly increasing audit productivity. ACES PROTECT provides complete visibility into its calculations via detailed loan-level reporting that clearly communicates a loan\u2019s compliance status. Users can select and pay for only the tests they need and automate tasks and exceptions for any alerts to control costs while increasing productivity and ensuring compliance.<\/p>\n

\u201cACES PROTECT has allowed us to automate several of our manual fee compliance tests using a fully supported application, giving us greater efficiency, improved accuracy and better reporting,\u201d said Anthony DeAngelo, Director of Sourcing and Procurement for USAA\u2019s Managed Services department. \u201cWith ACES PROTECT, we\u2019re able to test using the parameters we set in ACES PROTECT and, if needed, change them on the fly.\u00a0All of this gives us improved confidence when sharing our results with management, auditors and regulators.\u201d<\/p>\n

To learn more, contact your ACES representative or request an ACES PROTECT demo at https:\/\/www.acesquality.com\/demo<\/a>.<\/p>\n

About ACES Quality Management<\/strong><\/p>\n

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation\u2019s most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control\u00ae software to improve audit throughput and quality while controlling costs, including:<\/p>\n