ACES Risk Management (ARMCO), a provider of Web-based audit technology for the financial services industry, has integrated its loan-auditing platform with independent data verification services from Kroll Factual Data, a provider of credit, risk mitigation and third-party verification services for the mortgage industry.
This integration establishes fully electronic communication between ARMCO's quality control (QC) software, ACES Web Audit Technology and Kroll Factual Data's Verify platform. ARMCO customers can now obtain Kroll Factual Data's re-verification services directly from within the ACES system.
Order forms are pre-populated with loan data pulled from ACES and are sent directly to Kroll Factual Data. Upon completion, the re-verification information is uploaded back into the loan file within ACES and provided to the analyst for review, thereby creating a single-system of record.
‘The cost of compliance and the hours spent on compliance have gone up significantly in the past few years,’ says Avi Naider, chairman and CEO of ARMCO, in a release. ‘ARMCO's ACES platform eases this burden through automation of audit workflow, data capture and reporting.’
