ARMCO: Providing Audit Technology for the Mortgage Industry

audit technology mortgage

ARMCO (ACES Risk Management Corp) provides mortgage quality control and compliance software for lenders, servicers and investors as well as the third-party service risk management and quality control providers who support them. In the words of ARMCO chief executive officer Avi Naider, “It automates the things that make the jobs of QC and compliance professionals tedious. We can make their lives much more productive.”  Headquartered out of Pompano Beach, Florida, ARMCO has earned numerous awards for its company and products, including awards from National Mortgage Professional, HousingWire and Mortgage Banking Tech.

ARMCO’s product offerings are web-based and include ACES Audit Technology, ACESXPRESS, ACES Automated Document Manager, Fraud Case Manager and its newest product, DataSure. Each ARMCO product addresses specific quality control and compliance concerns that are prevalent in the mortgage loan industry, making it easier for loan companies to identify and address issues they may find. In addition to streamlining their procedures, they can also reduce incidents of fraud and non-compliance as well as increase their quality satisfaction ratings from their clients and investors.  ARMCO’s clients include:

Along with its product offerings, ARMCO also offers professional services for mortgage companies looking for a personal ARMCO administrator to monitor quality control and compliance. ARMCO also releases annual finding reports on quality control (QC) trends. These reports highlight critical defects associated with core underwriting and eligibility issues, and the reports compare both purchase and refinance transactions. All defects utilize the Fannie Mae loan defect taxonomy for categorization. According to ARMCO president Phil McCall, “ARMCO provides the Mortgage QC Industry Trends Report for free because we want to arm all lenders with as many tools as possible to achieve quality in the most efficient way possible.