Vendor Management Solution

The Vendor Management Solution . . .

Designed By Mortgage Bankers for Mortgage Bankers

 

Meeting the CFPB and banking vendor management requirement doesn’t have to be a problem. We’ve eliminated the critical issues that often make the process daunting for lenders.

• Compliance (assuring proof behind the program)

• The Paper Chase ( Obtaining & Controlling the Docs)

• Monitoring Benchmarks and Renewals

• The Operational and Strategic Profit Drivers of doing More with Less

We’ve developed a toolkit to assist mortgage bankers in meeting the vendor management requirements of the various regulatory authorities, including the CFPB, the OCC, the FDIC, NCUA, HUD as well as the government sponsored enterprises (Fannie Mae and Freddie Mac). A proprietary risk based approach enables lenders to mitigate the expense of vendor management and limit the amount of more costly efforts in visiting and interviewing providers to those with high risk or marginally high moderate risk ratings.

We’ve made it easy for you to have a compliant and easily managed vendor management program. Our turnkey solution provides all the tools and prepare the vendor risk analysis for you to make the final vendor approval or renewal decision. The RML risk-based solution is simple and easy to execute.

What’s more, we customize the solution geared to your specific company needs. The Toolkit has 9 core components and monitoring outsource option.

What’s also important is that our risk based analytics cover all the critical regulatory requirements dictated by the vendor’s risk rating and service role for your individual company including but not necessarily limited to;

• Dependencies

• Financial

• Legal (Contracts)

• Legal (laws & regulations)

• Policies & Procedures

• Business Continuity

• Termination

• Confidentiality/Non-Disclosure

For an in-depth webinar and additional information, contact us by clicking here