Business Solutions, a subsidiary of the American Bankers Association (ABA), has named Aklero Risk Analytics Inc., a provider of automated data and document validity assurance for the mortgage industry, the exclusive provider of mortgage quality control (QC) services to its members.
“We believe the quality control services and loan quality management platform offered by Aklero uniquely distinguish the firm from its competition,” said Bill Kroll, president of Business Solutions. “We’re excited that our members now have the ability to access these services at very competitive prices.”
Business Solutions selected Aklero Risk Analytics Inc. because of its automated platform, which centralizes the data, documents and details associated with an audited mortgage file. Aklero enables banks to receive the most accurate quality control results in the industry and dynamically drill into each finding to determine patterns that quickly identify issues with loan quality production.
“The ABA and Aklero share a commitment to supporting lenders and ensuring they stay competitive, and that’s where our shared vision for QC comes in,” said Brian K. Fitzpatrick, chief executive officer at Aklero. “Our willingness to work together helps to fulfill that commitment, ensure that banks can maintain the highest service levels, and have access to the best technology and the most experienced, effective team in the mortgage industry.”
Aklero joins an elite group of 12 select mortgage industry firms that have entered into similar alliances with Business Solutions.These partnerships enable American Bankers Association (ABA) member banks to enjoy significant advantages in terms of pricing, delivery options, technology and support. In 2010, member banks that did business with one more alliance firms saved an average of more than $50,000.