The defect rate for mortgages grew significantly across all loan types in the second quarter of 2024, continuing a trend seen in the first quarter. The share of loans with defects grew to 1.81%, ...
The overall defect rate for mortgages declined across all loan types between the second and third quarters of 2024. But errors related specifically to insurance increased significantly, growing to ...
A CAR is a means to respond to defects with a documented process. CARs can be generated by leadership or by customers. CARs are a safeguard against repeated defects, allowing for better deliverable ...
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