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ACES is a great QC Audit technology tool.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.,9,ACES has assisted in organizing, streamlining and automating our qc processes as well as other required audits.,Tena., Loanlogic and QMRACES ReviewOur 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,
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ACES (Automated Compliance and Evaluation System) Web Audit Technology
15 Ratings
Score 7.0 out of 101
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ACES Web Audit Technology Reviews

ACES Web Audit Technology
15 Ratings
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Score 7.0 out of 101
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Judith Palionis profile photo
March 07, 2016

ACES Web Audit Technology Review: "ACES is a great QC Audit technology tool."

Score 9 out of 10
Vetted Review
Verified User
Review Source
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.
The technology is very well suited for QC audits. It is also flexible enough to create audits for other purposes within the mortgage industry.
Read Judith Palionis's full review
Vickie Perfecto profile photo
February 19, 2016

ACES Web Audit Technology: "ACES Review"

Score 8 out of 10
Vetted Review
Verified User
Review Source
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.
  • Peer comparisons
  • Question filtering
  • Response resolutions
  • Sampling loans
Read Vickie Perfecto's full review

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 Features

Additional Features
Has featureQuestionnaire management system loaded with pre-written questions relating to state/Federal regulations and FHA, VA, Fannie Mae and Freddie Mac program guidelines
Has featureProduce, send and track the receipt of re-verification letters
Has featureAutomate "batch" requests for credit reports
Has featureWeb-based mortgage quality control software maintained by ARMCO
Has featurePlatform is offered via a hosted Application Service Provider (ASP)
Has featureLoan selection allows for unlimited loan data elements to be used in your risk criteria
Has featureCommunication Portal for direct, recorded communication between your auditors and Areas of Responsibility (AOR)
Has featureAnalyze and visualize data in your ACES universe for robust mortgage quality control reporting
Has featureAutomatically validate TRID disclosures v. LOS with TRIDCompare™
Has featureReduce gross defect rates by identifying missing critical documents
Has featureData extraction confidence levels exceeding 95%
Has featureACES Analytics leverages leading business analytics and dashboarding tools so you can compare your quality control results to industry peers.
Has featureConfigurable to meet the unique workflow and reporting needs of the lending organization
Has featureBusiness intelligence tools for advanced reporting, analytics & dashboarding
Has featureCriteria-driven loan sampling to achieve highly targeted sample selections
Has featureAutomated communication of defects between QC and appropriate areas of responsibilities
Has featureIndexing and data validation/extraction tools eliminate “stare and compare” fatigue
Has featureLoan-specific questionnaires that evolve with changing GSE and CFPB regulations
Has featureAction plans to remedy defect trends are captured and tracked by ACES.

ACES Web Audit Technology Screenshots

ACES Web Audit Technology Integrations

Tableau Online, SAP Data Quality Management, Kroll Factual Data, CBCInnovis

ACES Web Audit Technology Competitors

LoanLogics, TENA Companies, Inc., Cogent QC Systems

ACES Web Audit Technology Customer Size Distribution

Consumers
0%
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 VersionPaid Version
Phone
Email
FAQ/Knowledgebase
Social Media
Video Tutorials / Webinar
Forum/Community

ACES Web Audit Technology Technical Details

Deployment Types:SaaS
Operating Systems: Unspecified
Mobile Application:No
Supported Countries:United States
Supported Languages: english