Mortgage lenders generated more defective loans in the second quarter, reflecting the transition from a refinance to a purchase market, according to ACES Quality Management’s latest critical defect ...
A CAR is a means to respond to defects with a documented process. CARs can be generated by leadership or by customers. CARs are a safeguard against repeated defects, allowing for better deliverable ...
The overall defect rate for mortgages declined across all loan types between the second and third quarters of 2024. But errors related specifically to insurance increased significantly, growing to ...
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