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ARMCO Updates ACES Technology With Day 1 Certainty Functionality

NationalMortgageProfessional.com
Jun 29, 2017
ACES Risk Management (ARMCO) has announced that it has added questionnaires related to the Home Mortgage Disclosure Act (HMDA) to the ACES Intelligent Questionnaire (ACES IQ) functionality

ACES Risk Management (ARMCO) has announced that it has updated its flagship ACES Audit Technology with new functionality that aligns with Fannie Mae’s Day 1 Certainty (D1C) initiative. With this update, ACES now includes additional fields for assessing asset, income, employment and collateral data according to Fannie Mae’s D1C initiative. The company also updated its rule-based technology to assist auditing these loans according to the D1C initiative.
 
ACES’ direct import of D1C data enables users to preserve the integrity of their QC processes, while also aligning with D1C parameters.
 
“Lenders can gain added protection under Fannie Mae’s Day 1 Certainty initiative, but they have to follow certain protocols,” said Phil McCall, Chief Operating Officer of ARMCO. “We updated ACES so our clients can automate their auditing process to account for the different checkpoints associated with D1C. Our clients know that ARMCO’s mission is protecting their businesses. They know they can rely on us to stay on top of all guidelines, initiatives, regulations and trends, and they know we will continue providing the tools that help them grow and protect their businesses, not just for now, but also for the long haul.”  

 
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