“With 1.3 million loans still in active forbearance along with the renewed focus on servicing from the CFPB and other regulators, servicers and lenders alike must be diligent in their compliance practices,” said Nick Volpe, ACES EVP.
Read More »Mortgage Fraud Frequency Falls
Mortgage fraud is down, but according to a new report, defects saw a slight increase nationally.
Read More »How Technology Decreases Defect Risk
The defect risk for purchase transactions is dropping, according to a report. What role has mortgage technology played to decrease risks related to defects in a mortgage?
Read More »Defect Frequency in Mortgage Apps on the Rise
The frequency of defect, fraud, and misrepresentation in information submitted during the mortgage application process has increased over the past year according to the First American Loan Application Defect ...
Read More »Rising Rates Might Lead to Increase in Defect Risk
Mortgage rates are rising and are likely to influence the risk of defect, fraud, and misrepresentation in mortgage loan application according to the First American Loan Application Index ...
Read More »Defect Risk Drops—But Not in Hurricane-hit States
The risk of mortgage application defects has dropped across the nation, but in the states ravaged by hurricanes, it seems that trend has gone out the window. A new index shows defects are on the rise in both Florida and Texas.
Read More »Risky Business
Loan defects are on the rise—and have been for seven months running. Can you guess which state comes with the highest risk?
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