The second quarter of 2018 saw continued defects typically resulting from lender downsizing and understaffing, according to a new report from ACES Risk Management (ARMCO).
In its Q2 Trends Report, ARMCO found a significant quarter-over-quarter increase (23.8 percent over the previous quarter) in defects related to loan package documentation, a trend that began in the first quarter.
Read on for details from the report, which also found a slight decrease in the critical defect rate.
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