#appraisals

#appraisals

The report noted that higher defect findings in collateral drove the increase, which was primarily driven by eligibility and regulatory-related categories. Although the overall critical defect rate increased for a second straight quarter, the situation is nuanced, said Nick Volpe, executive vice president at ACES Quality Management. The rise was mainly in specific categories such as appraisals and eligibility-related areas. Meanwhile, other key underwriting areas saw notable improvements.