New Capital Partners Invests in ARMCO

Jul 25, 2019

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

New Capital Partners (NCP), a private equity firm in Birmingham, Ala., has announced that it has partnered with Pompano Beach, Fla.-based ARMCO, a Web-based quality assurance software provider for the financial services industry.

ARMCO provides a wide range of mortgage quality control (QC), compliance and transaction risk management technologies. Their product line includes loan quality enterprise software, services, data and analytics, and their flagship product, ACES Audit Technology, is used at virtually every point in the mortgage life cycle, setting the industry standard for user definability.

“We are excited to partner with the outstanding team at ARMCO,” said Adam Cranford, managing director of New Capital Partners. “The team has done a tremendous job building a market-leading product suite and providing best-in-class service and support to their customers. Broad use of ACES by top banks, lenders and servicers in the country attests to the strength of the product and the ARMCO professional team. We are looking forward to working with the team to drive continued growth and innovation.”

Avi Naider, CEO of ARMCO, said, “We are excited to begin our relationship with New Capital Partners. Their operational experience and track record of creating value with growth-stage companies was a perfect fit for ARMCO’s current growth phase. The team members at NCP are thought leaders and industry experts in banking technology, and we look forward to continuing to build a great company through this partnership.”

About the author

NationalMortgageProfessional.com

Link copied

Published

Jul 25, 2019

C-Suite Strategies

Better Founder Vishal Garg Exits CEO Role; Daniel Lewis Named Interim CEO

Company pivots toward partner-led distribution and expects annualized cost reductions to exceed $45 million by year-end

Better Home & Finance founder Vishal Garg is leaving the CEO role, effective immediately, while the mortgage fintech pivots toward a partner-led platform strategy and accelerates cost reductions.The company’s board appointed director Daniel Lewis as interim CEO, Better a...

Tech

MeridianLink Buys Credit Mountain To Turn Loan Declines Into Future Business

The acquired technology keeps rejected applicants connected to their lender while they work toward eligibility, creating a potential pipeline of mortgage-ready borrowers

A borrower who cannot qualify today may still represent future business. MeridianLink is buying technology designed to keep that prospect connected to the lender instead of allowing a loan denial to end the relationship.The lending technology provider announced Monday that i...

Sep

San Francisco, CA

More from

Tech

MeridianLink Buys Credit Mountain To Turn Loan Declines Into Future Business

The acquired technology keeps rejected applicants connected to their lender while they work toward eligibility, creating a potential pipeline of mortgage-ready borrowers

Tech

Aug 03, 2026

Optimal Blue Adds VantageScore 4.0 To Pricing Platform

Lenders can use VantageScore 4.0 in Optimal Blue’s mortgage pricing, eligibility, hedging, trading, and MSR valuation workflows

Tech

Jul 31, 2026

Method Launches Borrower-Monitoring Tool To Target HELOC Opportunities

Portfolio Intelligence tracks changes in borrowers’ liabilities after closing, helping lenders identify potential home equity and debt-consolidation business

Tech

Jul 30, 2026

BSI Wins Ginnie Mae Approval To Issue, Subservice eNotes

The mortgage servicer can initially issue up to 1,000 eNotes and manage digital collateral for other Ginnie Mae issuers

Tech

Jul 29, 2026

New AI Platform Targets Homebuyers Before They Apply For A Mortgage

House.ai creates personalized credit, savings, and affordability plans before referring consumers to mortgage professionals

Tech

Jul 29, 2026

Mortgage Servicers Get New Option For Building Custom AI

BlackWolf will assess mortgage operations before Authority Partners develops and deploys tailored AI and automation tools