2017 HW Tech100 Winner: ARMCO
Managing the audit process through the entire loan lifecycle
ARMCO’s flagship product, ACES Audit Technology, allows QC professionals to manage the audit process through the entire loan lifecycle, from pre-funding to post-closing to servicing.
In 2016, ARMCO launched ACESXPRESS, an implementation and service package for ACES designed specifically for small to mid-sized lenders. One of the key functions in the ACES platform is Sampling, which uses the Automated Loan Selection module. The module enables users to automate the auditing process by selecting loans for audit using a variety of sampling methodologies.
The ALS module helps reduce risk by facilitating discretionary reviews based on multiple criteria to ensure a comprehensive audit while minimizing the number of selected loans.