WASHINGTON and FT. WASHINGTON, Pa. – July 28, 2011 – (RealEstateRama) — Business Solutions, a subsidiary of the American Bankers Association, named Aklero Risk Analytics, a provider of automated data and document validity assurance for the mortgage industry, the exclusive provider of mortgage quality control services to its members.
“We believe the quality control services and loan quality management platform offered by Aklero uniquely distinguish the firm from its competition,” said Bill Kroll, president of Business Solutions. “We’re excited that our members now have the ability to access these services at very competitive prices.”
Business Solutions selected Aklero because of its automated platform, which centralizes the data, documents and details associated with an audited mortgage file. Aklero enables banks to receive the most accurate quality control results in the industry and dynamically drill into each finding to determine patterns that quickly identify issues with loan quality production. As further evidence of the quality of Aklero’s automated platform, they were recently named one of Mortgage Technology magazine’s top service providers.
“The ABA and Aklero share a commitment to supporting lenders and ensuring they stay competitive, and that’s where our shared vision for QC comes in,” said Brian K. Fitzpatrick, chief executive officer at Aklero. “Our willingness to work together helps to fulfill that commitment, ensure that banks can maintain the highest service levels, and have access to the best technology and the most experienced, effective team in the mortgage industry.”
Aklero joins an elite group of 12 select mortgage industry firms that have entered into similar alliances with Business Solutions.These partnerships enable ABA member banks to enjoy significant advantages in terms of pricing, delivery options, technology and support. In 2010, member banks that did business with one more alliance firms saved an average of more than $50,000.
About Business Solutions
Business Solutions, a subsidiary of the American Bankers Association, helps community bankers with the business of banking by providing them access to products and services on better terms than they could get on their own. By leveraging the collective power of ABA members, we offer significant savings through competitive mortgage lending, payments, capital markets and commercial banking solutions.Learn more at aba.com/BusinessSolutions.
About American Bankers Association
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation’s $13 trillion banking industry and its 2 million employees. The majority of ABA’s members are banks with less than $165 million in assets. Learn more at www.aba.com.
Based in Fort Washington, Penn., Aklero provides mortgage quality control and risk analytics solutions for the mortgage lending industry. Its proprietary Q-Close™ Loan Quality and Mortgage Risk Analytics Platform provides the most thorough loan audits and automated deficiency detection available in the mortgage industry, allowing users to quickly and efficiently find, fix and understand problems in mortgage loan files. Augmenting its technology platform the company also provides forensic analysts, mortgage quality control audits, due diligence loan reviews and a variety of operational solutions and customizable products and services that can be tailored to suit clients’ needs. Aklero’s customers include mortgage lenders, institutional investors, investment banks, government agencies, community banks, credit unions, mortgage insurance companies and other financial institutions. After an in-depth evaluation that pitted the firm against it competitors, the American Banker Association, named Aklero its exclusive provider of mortgage quality control services. For more information on Aklero, please visit www.Aklero.com or call 888.837.9066.
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Aklero Media Contact: Matt Strickberger