Brief Refinance Shift Tests Mortgage Lenders’ Compliance Controls
Critical defect rate jumps 23.9% as math-based compliance findings expose the potential for one systemic error to affect loans across a lender’s book
Critical defect rate jumps 23.9% as math-based compliance findings expose the potential for one systemic error to affect loans across a lender’s book
ACES Quality Management reported that the mortgage industry’s overall critical defect rate rose to 1.51% in the second quarter of 2025, driven largely by sharp increases in appraisal and borrower eligibility defects
Can the mortgage industry embrace the trend of more flexible work options.