Overview

What is 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…

Learn from top reviewers

ACES is a great QC Audit technology tool.

Rating: 9 out of 10

March 7, 2016

Vetted ReviewVerified User

Our company utilizes ACES for quality control and compliance audits.

Judith Palionis

Analyst - Quality Assurance

Quality Control Analyst III

Mountain West Financial, Inc.

1 year of experience

ACES Review

Rating: 8 out of 10

February 19, 2016

IncentivizedVetted ReviewVerified User

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.

Vickie Perfecto

Director - Quality Assurance

Director- Loan Servicing Origination Support

Fremont Bank

1 year of experience

Log in with LinkedIn to see content from your network

Return to navigation

Product Details

About
Integrations
Tech Details
Downloadables

What is 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.

ACES Web Audit Technology Features

Show Unsupported Features

Additional Features

Supported: Questionnaire management system loaded with pre-written questions relating to state/Federal regulations and FHA, VA, Fannie Mae and Freddie Mac program guidelines
Supported: Produce, send and track the receipt of re-verification letters
Supported: Automate "batch" requests for credit reports
Supported: Web-based mortgage quality control software maintained by ARMCO
Supported: Platform is offered via a hosted Application Service Provider (ASP)
Supported: Loan selection allows for unlimited loan data elements to be used in your risk criteria
Supported: Communication Portal for direct, recorded communication between your auditors and Areas of Responsibility (AOR)
Supported: Analyze and visualize data in your ACES universe for robust mortgage quality control reporting
Supported: Automatically validate TRID disclosures v. LOS with TRIDCompare™
Supported: Reduce gross defect rates by identifying missing critical documents
Supported: Data extraction confidence levels exceeding 95%
Supported: ACES Analytics leverages leading business analytics and dashboarding tools so you can compare your quality control results to industry peers.
Supported: Configurable to meet the unique workflow and reporting needs of the lending organization
Supported: Business intelligence tools for advanced reporting, analytics & dashboarding
Supported: Criteria-driven loan sampling to achieve highly targeted sample selections
Supported: Automated communication of defects between QC and appropriate areas of responsibilities
Supported: Indexing and data validation/extraction tools eliminate “stare and compare” fatigue
Supported: Loan-specific questionnaires that evolve with changing GSE and CFPB regulations
Supported: Action plans to remedy defect trends are captured and tracked by ACES.

ACES Web Audit Technology Screenshots

Screenshot of With Tableau software, enable any user to see or create impactful visual analysis within minutes. Provide actionable insight like never before.

Screenshot of 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.

Screenshot of 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.

Screenshot of 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.

Screenshot of 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.

Screenshot of 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.

Screenshot of 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.

Screenshot of 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

Tableau Cloud
SAP Data Quality Management
Kroll Factual Data
CBCInnovis

ACES Web Audit Technology Technical Details

Deployment Types	Software as a Service (SaaS), Cloud, or Web-Based
Operating Systems	Unspecified
Mobile Application	No
Supported Countries	United States
Supported Languages	english

ACES Web Audit Technology Downloadables

ACES Web Audit Technology Customer Size Distribution

Consumers	0%
Small Businesses (1-50 employees)	19%
Mid-Size Companies (51-500 employees)	50%
Enterprises (more than 500 employees)	31%

Return to navigation

Comparisons

View all alternatives

Compare with

Reviews and Ratings

(24)

Reviews

(1-2 of 2)

Sort By *

Companies can't remove reviews or game the system. Here's why

ACES is a great QC Audit technology tool.

Rating: 9 out of 10

March 07, 2016

JP

Judith Palionis

Quality Control Analyst III

Mountain West Financial, Inc. (Real Estate, 501-1000 employees)

Vetted Review

Verified User

1 year of experience

View profile

Use Cases and Deployment Scope

Our company utilizes ACES for quality control and compliance audits.

Pros and Cons

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

Likelihood to Recommend

The technology is very well suited for QC audits. It is also flexible enough to create audits for other purposes within the mortgage industry.

Return on Investment

ACES has assisted in organizing, streamlining and automating our qc processes as well as other required audits.

Alternatives Considered

Tena., Loanlogic and QMR

I believe ACES has a better platform for the audits that we conduct. It allows us to make changes and add questionnaires as they are needed.

ACES Review

Rating: 8 out of 10

Incentivized

February 19, 2016

VP

Vickie Perfecto

Director- Loan Servicing Origination Support

Fremont Bank (Banking, 501-1000 employees)

Vetted Review

Verified User

1 year of experience

View profile

Use Cases and Deployment Scope

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.