“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 »What’s Impacting Post-Close Loan Defects?
Here’s how certain lender operations affected critical defects of post-close loans, according to an analysis.
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?
Read More »Getting Risky: Defects Rise Slightly
Certain measures of risk rose in December, according to one company’s report. Is this a sign of troubling times to come?
Read More »Data Shows Lenders are Adjusting Well to TRID
It has been more than a year since TRID went into effect, and over time, lenders have substantially reduced the number of TRID-related defects in loans.
Read More »Lenders are Addressing TRID-Related Defects
TRID-related defects were trending upward in the first quarter, but that appears to be reversing, according to one analysis.
Read More »Riskier Loans Not Leading to Higher Defect Levels
First-time millennial buyers are playing an increasingly greater role in mortgage finance—but it hasn't translated to greater levels of defects and fraud in mortgage loans, according to one analysis.
Read More »Compliance Defects Trending Upward Since TRID Launch
The overall critical defect rate for mortgage loans has been trending upward since Q3 2015, driven by a rise in the number of compliance-related defects. The reason for the upward trend is clear, according to one analyst.
Read More »Refi Boom, Compliance Keeping Loan Defects Low
The recent spike in mortgage refinances driven by near historically low mortgage rates has benefited the loan production process.
Read More »Loan App Defect Risk Still Trending Down
Ethical issues with mortgage applications dropped in May, continuing a years-long downswing, according to the latest First American Loan Application Defect Index.
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