ACES Q4/CY 2024 Mortgage QC Industry Trends Report finds quarterly defect rate falls to 1.16% as annual loan quality improves
DENVER, Colo., May 15, 2025 (SEND2PRESS NEWSWIRE) — ACES Quality Management® (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 Industry Trends Report covering the fourth quarter (Q4) and calendar year (CY) of 2024. The latest report analyzes post-closing quality control data derived from ACES Quality Management & Control® software.
Key findings from the Q4/CY 2024 report include:
'Lenders made meaningful progress in loan quality in 2024, closing the year with one of the lowest quarterly critical defect rates we've ever observed,' said ACES Executive Vice President Nick Volpe. 'However, continued volatility across the Legal / Regulatory / Compliance and Insurance categories, as well as within the Income/Employment Eligibility subcategory, highlights the importance of ongoing diligence in quality control efforts.'
Findings for the Q4/CY 2024 ACES Mortgage QC Industry Trends are based on post-closing quality control data derived from the ACES Quality Management and Control® benchmarking system and incorporate data from prior quarters and/or calendar years, where applicable. All reviews and defect data evaluated for the report were based on loan audits selected by lenders for full file reviews.
The Mortgage QC Industry Trends Reports are available for free download at https://www.acesquality.com/resources/reports.
About ACES Quality Management
ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control® Software to improve audit throughput and quality while controlling costs, including:
Over 70% of the top 20 independent mortgage lenders;
Unlike other quality control platforms, ACES Flexible Audit Technology® gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit https://www.acesquality.com/ or call 1-800-858-1598.
NEWS SOURCE: ACES Quality Management
###
MEDIA ONLY CONTACT:
(not for publication online or in print)
Lindsey Neal
Depth for ACES Quality Management
(404) 549-9282
[email protected]
###
Keywords: Mortgage, ACES Quality Management, enterprise quality management and control software, ACES Mortgage QC Industry Trends Report, DENVER, Colo.
This press release was issued on behalf of the news source (ACES Quality Management) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P126219 APNF0325A
To view the original version, visit: https://www.send2press.com/wire/aces-q4-cy-2024-mortgage-qc-industry-trends-report-finds-quarterly-defect-rate-falls-to-1-16-as-annual-loan-quality-improves/
© 2025 Send2Press® Newswire, a press release distribution service, Calif., USA.
RIGHTS GRANTED FOR REPRODUCTION IN WHOLE OR IN PART BY ANY LEGITIMATE MEDIA OUTLET - SUCH AS NEWSPAPER, BROADCAST OR TRADE PERIODICAL. MAY NOT BE USED ON ANY NON-MEDIA WEBSITE PROMOTING PR OR MARKETING SERVICES OR CONTENT DEVELOPMENT.
Disclaimer: This press release content was not created by nor issued by the Associated Press (AP). Content below is unrelated to this news story.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
41 minutes ago
- Business Upturn
Hatton National Bank partners with Nucleus Software to upgrade transaction banking with FinnAxia®
By News Desk Published on July 30, 2025, 09:44 IST Nucleus Software Exports Ltd. has announced a strategic partnership with Hatton National Bank PLC (HNB), one of Sri Lanka's premier private banks, to enhance its transaction banking capabilities through the deployment of FinnAxia®, Nucleus's advanced transaction banking suite. The collaboration is aimed at helping HNB accelerate digital transformation, particularly in the areas of payments, cash management, and corporate banking services. The rollout of FinnAxia® is a key step in HNB's ambition to strengthen its leadership in the SME and corporate banking segments, both domestically and internationally. 'We are reimagining our transaction banking strategy to not only retain our leadership position in the payments and cash management space but to significantly expand our presence in the SME and corporate banking segments,' said Damith Pallewatte, Managing Director & CEO, HNB. 'FinnAxia® gives us the technology edge to offer a comprehensive, digital-first experience.' Since going live, HNB has reported a 10X increase in customer onboarding and a 6X jump in transaction volumes, showcasing early success of the implementation. The platform enables real-time dashboards, automated reconciliation, and enhanced visibility, which is critical for treasuries to make data-driven decisions. Vishnu R. Dusad, Managing Director and Co-Founder of Nucleus Software, stated: 'With FinnAxia®, we are not just delivering technology, but building a competitive advantage. Our partnership with HNB reflects a shared ambition to redefine digital transaction banking in Sri Lanka.' Ahmedabad Plane Crash News desk at
Hypebeast
an hour ago
- Hypebeast
FreshService Presents a 'Heavy Duty' FW25 Collection
Summary FreshService'sFall/Winter 2025collection, titled 'Heavy Duty,' reinforces the brand's utilitarian design ethos with a heightened focus on durability, modularity and layered functionality. Led by creative director Takayuki Minami, the lineup draws from classic workwear silhouettes and reinterprets them through an urban-industrial lens. The result is a tightly curated collection that merges practical construction with minimalist aesthetics. Key pieces include the N/C Grosgrain Mountain Parka, waxed poplin fishing jackets and flannel check reversible vests — each designed for versatility and weather resistance. Complementing these are fleece zip-ups, corduroy utility pants and corporate denim five-pocket trousers, all rendered in subdued earth tones and designed with performance in mind. High-grade materials such as SOLOTEX® and PERTEX® Quantum Air further elevate the collection, reflecting FreshService's ongoing commitment to comfort and innovation. FreshService's FW25 offering is rounded out by an assortment of accessories such as flannel trapper caps, cotton twill bucket hats and multi-border tees lend texture and visual rhythm to the lineup. 'Heavy Duty' will be available to shop via the brand'sonlineand physical stores soon, with prices ranging from ¥3,000 – ¥42,000 JPY (approx. $20 – $284 USD).
Yahoo
5 hours ago
- Yahoo
Call for Entries Open for National Pitch Competition Supporting Women Entrepreneurs with $42,500 in seed funding
FORT WORTH, Texas, July 29, 2025 /PRNewswire/ -- Four years since launching its first ever pitch competition, the eosera® Foundation has opened applications for the eosera® Foundation Pitch Competition — this time to a much wider audience, and with a larger cash prize available for the first-place winner. "We're so excited to expand the competition this year to women across the United States," said eosera® co-founder and CEO, Elyse Stoltz Dickerson. "The first three years, we really focused on entrepreneurs here in Texas, but our goal was always to eventually have a larger reach and invite more women to apply for this exciting opportunity." This year, the pitch competition is open to women from around the United States who have been in business for three years or less. Applications will close Sept. 9, or once the maximum number of entries has been received. The overall earnings available this year are $42,500, with $30,000 offered for the first-place award, $5,000 for the second-place award, $2,500 for the third-place award, and $5,000 for the people's choice award. Stoltz Dickerson co-founded ear care company, eosera®, in 2015 and was able to use seed money from a pitch competition she won to help get the company off the ground. Ten years later, the company has grown into an ear care empire, with ear drops and sprays sold in more than 28,000 stores nationwide. Dickerson credits her success to having financial support and mentorship during the early stages of eosera®. "The fact of the matter is that we would not have been able to be so successful in the beginning had it not been for us winning a pitch competition," Dickerson said. The eosera® Foundation Pitch Competition will culminate in a live competition on Nov. 13, 2025, at the Kimbell Art Museum in Fort Worth, Texas. Three finalists will present their pitches to a panel of judges and a live audience at a chance to win funding that could transform their businesses and launch their futures. This year's competition is made possible thanks to the generous support of iHeart Impact and Simmons Bank, as well as a host of other generous contributors. View original content to download multimedia: SOURCE Eosera
