Avi Naider brings a keen eye for finance industry opportunities to ACES Risk Management Corporation (ARMCO) in his capacity as Chairman and CEO. Avi Naider’s B.A. from Princeton University, coupled with his background in financial strategy and investment, has allowed him to position ARMCO as the premier quality-control and compliance resource for lending institutions of all sizes.
In an article he wrote for the March 2011 issue of Mortgage Banking magazine, Avi Naider cites the avalanche of new regulations that challenges the mortgage sector on a regular basis. In response, ARMCO restructured its ACES (Automated Compliance and Evaluation Systems) software to provide templates and services that allow financial institutions to ensure the most-up-to-date compliance possible. ACES WEB keeps up with evolving legislative requirements such as those found in the Truth in Lending Act, the Real Estate Settlement Procedures Act, and the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Avi Naider recognized that although larger lenders might have the necessary information technology resources to respond to shifting compliance realities, many smaller institutions do not. Through ACES WEB, ARMCO provides comprehensive and scalable solutions for institutions of any size or type, including credit unions, mortgage insurance companies, and traditional banks. System features include transaction-based pricing, a web interface, flexible report generation, and the ability to create loan assessments before any funding takes place, helping to reduce instances of bad loans.