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ACES Web Audit Technology

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24 Reviews and Ratings

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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.

Categories & Use Cases

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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.

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Reviews

What users are saying about ACES Web Audit Technology.
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ACES is a great QC Audit technology tool.

Judith PalionisView profile
Quality Control Analyst III in Quality Assurance at Mountain West Financial, Inc. (501-1000 employees employees)

Pros

  • 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

Cons

  • 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.

Return on Investment

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

ACES Review

Incentivized
Vickie PerfectoView profile
Director- Loan Servicing Origination Support in Quality Assurance at Fremont Bank (501-1000 employees employees)

Pros

  • Peer comparisons
  • Question filtering
  • Response resolutions

Cons

  • Sampling loans

Return on Investment

  • Production of quality loans to limit buybacks