ACES is a great QC Audit technology tool.
Our company utilizes ACES for quality control and compliance audits.
ACES Web Audit Technology
ACES Web Audit Technology
ACES (Automated Compliance and Evaluation System) Web Audit Technology
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...
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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
- 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
ACES Web Audit Technology Integrations
- Tableau Online
- 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 Customer Size Distribution
| Consumers | 0% |
|---|---|
| Small Businesses (1-50 employees) | 19% |
| Mid-Size Companies (51-500 employees) | 50% |
| Enterprises (more than 500 employees) | 31% |
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Reviews and Ratings
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Reviews
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March 07, 2016
ACES is a great QC Audit technology tool.
Score 9 out of 10
Vetted Review
Verified User
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.
- ACES has assisted in organizing, streamlining and automating our qc processes as well as other required audits.
- 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.
February 19, 2016
ACES 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.
- Peer comparisons
- Question filtering
- Response resolutions
- Sampling loans
- Production of quality loans to limit buybacks
Similarity. It had better pricing and servicing module.