POMPANO BEACH, Fla., Apr 04, 2019 (SEND2PRESS NEWSWIRE) -- ACES Risk Management (ARMCO), the leading provider of financial risk mitigation and compliance solutions, announced that it has won HousingWire's fifth annual HW Tech100(TM) award, which recognizes the 100 most innovative technology companies in the U.S. housing economy. This is the fourth consecutive year that ARMCO has won the prestigious award.
ARMCO was selected for this award based on several factors, such as the company's proven ability to increase productivity and expedite processes while imparting greater accuracy, reliability, consistency and security in the QC process.
"Winning the Tech100 award reflects the concrete actions ARMCO takes each year to assure our customers receive the absolute highest standard of reliability, efficiency, service and innovation in quality control," said ARMCO's president, Phil McCall. "We are honored to be recognized again this yearand remain committed to elevating quality for the mortgage industry in the coming year."
In the 12-month period preceding the award submission period, ARMCO introduced several technologies, including ACESXPRESS, a streamlined version of its ACES Audit Technology(TM), the mortgage industry's leading web-based quality control (QC) technology, and ACES Automated Document Manager (ADM), a technology that automates the QC process of identifying, inspecting, bookmarking and organizing loan documents.
One of the most noteworthy accomplishments was adding criteria-based multi-answer question sets to its ACES Intelligent Questionnaires, reducing process time by as much as 50 percent. ARMCO continues to provide the ARMCO Mortgage QC Industry Trends Report, a free quarterly quality control analysis of loans across the U.S., based on findings derived by ACES Analytics benchmarking software. ARMCO also added numerous product enhancements that assure alignment with initiatives like Fannie Mae's Day 1 Certainty program and the HMDA changes scheduled for 2018.
"The number of fintech companies serving the mortgage industry has exploded over the last several years - making the choice of just 100 companies this year very difficult," said HousingWire Magazine Editor Sarah Wheeler. "Companies in the 2018 Tech100 represent the leading edge of solutions and services that will propel mortgage companies toward success."
ACES is recognized by many as the mortgage industry's foremost QC technology for its ability to increase accuracy, consistency, security and efficiency in the prefunding QC process. Users extol its sophisticated benchmarking and analytics, robust reporting capabilities, seamless integration with loan origination systems, intricate automation in document management, easy two-way access to system data, and more.
ARMCO - ACES Risk Management delivers web-based audit technology solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions.
ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans. For more information, visit http://www.armco.us/ or call 1-800-858-1598.
News Source: ARMCO ACES Risk Management
Related link: https://www.armco.us/
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