Aces Quality News Today

A pair of recently created consulting firms seek to shift lender thinking to make compliance a front-of-mind target, not merely a cost center.

But the full year rate for 2022 increased as a record high for adverse findings was set in the third quarter, Aces Quality Management said.

But the shift to a purchase market means issues around employment and income verification should concern originators.

The rate was 30 basis points higher compared with 2019 due to the record level of mortgage origination during the pandemic, according to Aces Quality Management.