ACES Risk Management Corp (ARMCO)ACES is a great QC Audit technology tool.2016-03-07T21:37:18.786ZOur company utilizes ACES for quality control and compliance audits.,ACES web audit technology is user friendly and easy to use. ACES customer service is always accessible, friendly and willing to assist. ACES questionnaires are complete, and compliant,Reporting is through Business Objects, which requires someone proficient in that technology. If ACES could provide more assistance in this area it would wonderful. A more detailed user guide. Not all processes are explained well. Provide the ability to view updates in a PDF format so that we can review them at one time instead of one item at a time.,9,ACES has assisted in organizing, streamlining and automating our qc processes as well as other required audits.,Tena., Loanlogic and QMRJudith PalionisACES Review2016-02-19T15:45:21.001ZOur Quality Control Department uses ACES to QC/audit our banks' residential loans. It is also used to QC our loans we service for the GSEs and for our banks portfolio loans.,Peer comparisons Question filtering Response resolutions,Sampling loans,8,Production of quality loans to limit buybacks,Vickie Perfecto
ACES (Automated Compliance and Evaluation System) Web Audit Technology
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March 07, 2016
Score 9 out of 10
Our company utilizes ACES for quality control and compliance audits.
- ACES web audit technology is user friendly and easy to use.
- ACES customer service is always accessible, friendly and willing to assist.
- ACES questionnaires are complete, and compliant
- Reporting is through Business Objects, which requires someone proficient in that technology. If ACES could provide more assistance in this area it would wonderful.
- A more detailed user guide. Not all processes are explained well.
- Provide the ability to view updates in a PDF format so that we can review them at one time instead of one item at a time.
Read Judith Palionis's full review
The technology is very well suited for QC audits. It is also flexible enough to create audits for other purposes within the mortgage industry.
February 19, 2016
Score 8 out of 10
Read Vickie Perfecto's full review
Our Quality Control Department uses ACES to QC/audit our banks' residential loans. It is also used to QC our loans we service for the GSEs and for our banks portfolio loans.
ACES Web Audit Technology Scorecard Summary
About ACES Web Audit Technology
ACES Risk Management's (ARMCO) flagship product is ACES (Automated Compliance and Evaluation System) Web Audit Technology™ which enables full understanding of mortgage loan quality, how to control it and how to convey it. According to the vendor, their web-based solution includes highly customizable technology that places audit plans, policies and procedures in motion to significantly reduce time and risk. Additionally, the vendor says ACES is a trusted solution to pre-funding QC, post-closing QC, servicing and due diligence audit challenges. The vendor’s value proposition is that ACES can help influence a lenders’ business strategies through powerful reporting and actionable data.
Categories: Loan Servicing
ACES Web Audit Technology Screenshots
With Tableau software, enable any user to see or create impactful visual analysis within minutes. Provide actionable insight like never before.Powerfully visualize reports such as Disbursement of Loan Ratings by Fannie Mae Category and Sub-Category, Calculated Loan Rating, Disbursement of Exceptions, Calculated Loan Rating by Branch, Number of Exceptions by Assigned Loan Rating and more. Filter, sort, publish and discuss interactive data at any time. Collaboration and immediately sharing impactful findings are now easy with self-serve visual analytics.ARMCO’s TRIDCompare allows clients to automatically validate TRID disclosures against LOS data. Increase efficiencies and save time by matching critical documents side-by-side with a click of the mouse. Easily find discrepancies, and quickly rectify before closing a loan.Document indexing provides a more efficient process for the identification and organization of the multiple documents contained within a loan file. ACES makes it easy to upload data and bookmark each loan document with customized or preset categories and sub categories.ACES Web allows clients to reduce gross defect rates by identifying missing documents associated with a given loan file. The set of documents needed for the loan can be customized by the client and criteria-driven. Documents identifed as missing are then automatically requested from thje responsible party via ARMCO’s Communication Portal.Advanced extraction technology gives you the ability to examine signatures and other critical data elements within multiple documents side-by-side. Quickly and easily validate data with 100% transparency and identify discrepancies and potential fraud.Facilitate inter-organizational communication and external communication with third parties regarding loan exceptions and audits. Our platform electronically sends notifications of critical exception findings to appropriate AORs and their manager. You may configure the system to notify the AOR either in real time or when the audit is complete.ACES Web’s Automated Loan Selection (ALS) Module allows you to select loans for audit via statistical, straight random, stratified random and discretionary sampling. Our sampling algorithms are aligned with algorithms used by the secondary mortgage market and meet agency requirements. Further, ALS helps you reduce risk by facilitating highly-targeted discretionary reviews.
ACES Web Audit Technology Integrations
ACES Web Audit Technology Competitors
LoanLogics, TENA Companies, Inc., Cogent QC Systems
ACES Web Audit Technology Customer Size Distribution
|Small Businesses (1-50 employees)||19%|
|Mid-Size Companies (51-500 employees)||50%|
|Enterprises (> 500 employees)||Enterprises (> 500 employees)||31%|
ACES Web Audit Technology Support Options
|Free Version||Paid Version|
|Video Tutorials / Webinar|
ACES Web Audit Technology Technical Details
|Supported Countries:||United States|