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Loan buybacks

Mortgage defects stabilize as lenders face quality control issues

ACES Quality Management, Artificial Intelligence, HWmember, LendingLife, Loan buybacks, Mortgage, Origination, quality control, Technology, Underwriting /

Mortgage lenders are seeing loan defects stabilize after several volatile years, but shifts in interest rates and loan volumes continue to expose weaknesses in quality control (QC), according to ACES Quality Management CEO Trevor Gauthier and chief operating officer Phil McCall. In an interview with HousingWire, Gauthier and McCall highlighted staffing cuts, refinance surges and […]

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Freddie Mac launches Quality Control Advisor Plus platform

FHFA, Freddie Mac, HWmember, Loan buybacks, Mortgage, Origination, quality control, Technology /

Freddie Mac is rolling out a new quality control platform designed to streamline the review process of single-family loans, which it plans to make available to all lenders by the end of 2025, the government-sponsored enterprise announced Monday. Known as Quality Control Advisor Plus, the platform consolidates previously separate QC systems and uses technology to

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LoanLogics finds persistent 11.5% error rate in US mortgage files

HWmember, Loan buybacks, LoanLogics, Mortgage, Non-QM, quality control, Technology /

Audit software and automation solutions company LoanLogics announced Tuesday that 11.5% of all U.S. mortgage file content was missing or erroneous over the past 10 years, according to an analysis of internal data. LoanLogics provides technology used to originate, manufacture, audit and service loans. Its systems process more than half of all U.S. mortgages each

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