Ops, MLO, Bank Sales Management Jobs; QC Report, Retention, Cap. Markets Tools; Jumbo and Non-QM Tidbits Dec 23 2020, 8:23AM
My cat Myrtle (Myrtlus Domesticus) doesn’t have much in the way of material possessions. Need to get rid of unwanted junk during the holidays? Put it in Amazon boxes and leave them on your front porch. The holidays are a time of a lot of awkward meetings, especially your girlfriend’s parents. Here is an entertaining 3-minute video with subtitles of actual thoughts. How about buying your loved one a town? Perhaps a different question is, how does an appraiser handle an entire town in New Mexico for sale? Do you think of a particular color when you think of a ghost town? Rust and gray? Those in the know will tell you that COVID has changed the color palette of new homes. (COVID… After years of wanting to thoroughly clean my house but lacking the time, this week I discovered that wasn’t the reason.)
DENVER, Colo., Dec 16, 2020 (SEND2PRESS NEWSWIRE) ACES Quality Management(TM) (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Trends Report covering the second quarter (Q2) of 2020. The latest report provides an analysis of post-closing quality control data derived from ACES Quality Management & Control Software(TM).
Notable findings from the Q2 2020 report include: The overall critical defect rate of 1.88% is the highest quarterly rate since 2018. Defect increase was driven primarily by a 64% increase in the Income/Employment category. While defects were down in the overall majority of categories, three of the four key borrower qualification categories saw significant defect rate increases compared to Q1 2020.
Critical Defect Rate Highest Since 2018, Per ACES Quality Management Q2 2020 Mortgage QC Trends Report americanpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanpress.com Daily Mail and Mail on Sunday newspapers.
Spike in quarterly defect rate reflects increased unemployment numbers and operational challenges triggered by COVID-19
(DENVER, Colo.) NEWS: ACES Quality Management(TM) (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Trends Report covering the second quarter (Q2) of 2020. The latest report provides an analysis of post-closing quality control data derived from ACES Quality Management & Control Software(TM).
Notable findings from the Q2 2020 report include: The overall critical defect rate of 1.88% is the highest quarterly rate since 2018. Defect increase was driven primarily by a 64% increase in the Income/Employment category.
Critical defect rate of closed loans spiked in 2Q due to COVID-19 nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.