For the third consecutive quarter, mortgage critical defect rates declined, as ACES Quality Management notes lenders should focus on the deteriorating quality in the core underwriting categories in the coming months.
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Examining QC Trends in the Mortgage Servicing Space
In an analysis of the top quality control issues found in the mortgage servicing marketplace, missing bankruptcy notices and proof of claims documentation topped the list, with a wave of delinquencies and borrowers seeking bankruptcy court protection creating new levels of demand.
Read More »Sourcepoint Signs Deal to Acquire The StoneHill Group
Agreement to purchase mortgage services provider strengthens Sourcepoint's QC and due diligence capabilities, and provides greater access to mid-market lenders.
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