ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that its ACES (Automated Compliance and Evaluation System) Audit Technology has streamlined quality control (QC) loan reviews for The Barrent Group, a rapidly growing provider of outsourced loan quality assurance reviews and services. ARMCO’s solution significantly reduces The Barrent Group’s auditing times, reduces risk, ensures compliance and streamlines its mortgage quality control process for clients.
eNewsChannels NEWS: POMPANO BEACH, Fla. — ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that its ACES (Automated Compliance and Evaluation System) Audit Technology has streamlined quality control (QC) loan reviews for The Barrent Group, a rapidly growing provider of outsourced loan quality assurance reviews and services. ARMCO’s solution significantly reduces The Barrent Group’s auditing times, reduces risk, ensures compliance and streamlines its mortgage quality control process for clients.
ARMCO’s ACES Audit Technology is a robust quality control (QC) audit technology that quickly and efficiently standardizes the various QC review steps throughout the entire process, with unparalleled consistency and accuracy, ensuring that loans are always of high quality and fully compliant. The 100 percent web-based solution establishes a flexible, secure and agile environment that puts clients like The Barrent Group in full control over their use of ACES, in order to increase QC productivity, allow for greater transparency, enhance client communications and provide detailed reporting.
“We are pleased that The Barrent Group is successfully leveraging ACES to provide QC technology that optimizes loan QC automation for each of their clients,” said Avi Naider, CEO of ARMCO. “ACES essentially becomes an extension of The Barrent Groups’ IT infrastructure, which empowers them to be fully self-sufficient and work with their clients to quickly identify and report on any loan defects. ACES’ ease-of-use and configurability enables The Barrent Group to flex with their clients’ changing needs, while operating more efficiently, cost effectively and with newfound agility.”
The Barrent Group provides independent third-party reviews, analysis and recommendations, with a strong emphasis placed on the risk and quality levels of residential mortgage loans. ARMCO’s ACES technology replaces The Barrent Group’s previous financial quality control and compliance software. The highly flexible and configurable design of ACES strengthens The Barrent Group’s value proposition of providing customized solutions and advisory services. Using ACES, The Barrent Group efficiently captures all pertinent details to expeditiously fulfill loan QC with laser-accuracy.
“ARMCO’s ACES technology performs the heavy lifting for us, to increase our service levels, facilitate quicker reviews, be cost effective and operate very efficiently,” said Richard Barrent, president and chief operating officer at The Barrent Group. “What’s more, the system’s ease of use and configurability empowers us to tailor QC solutions to our clients’ specific requirements, get them up and running quickly, always maintain data integrity and deliver second-to-none service. Ultimately, it is our clients who benefit from our ability to leverage ACES to efficiently review loans using agency and CFPB (Consumer Financial Protection Bureau) audit guidelines, as well as design client-specific reporting.”
About ARMCO:
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 www.armco.us or call 1-800-858-1598.
About The Barrent Group:
The Barrent Group was founded in September 2008 by Richard Barrent, a former executive with Wells Fargo Home Mortgage, and Richard Levitt, a retired Vice Chairman of Wells Fargo & Company. Mr. Levitt’s family founded Dial Finance, the company that would eventually become Wells Fargo Financial. From the beginning, The Barrent Group set out to employ the best and most experienced mortgage and audit talent. Members of the team average over 10 years of mortgage underwriting and audit experience. In addition, the team has considerable experience in reviewing loans from all origination channels and platforms. Customer service, high integrity, razor-sharp focus – these are the qualities that permeate everything The Barrent Group does for its clients. It’s an approach carefully crafted over the many years of experience among the leadership team. For more information, visit the company’s website www.barrentgroup.com or call 1-866-318-4448 extension 250.
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