Vendor Management Policy and Procedure
Within every organization there may exist a task, or range of tasks, outside of the company’s core competencies. When it is impractical to install a permanent structural or human resources solution we may rely on outside, “third party” vendors. We need to consider the compliance-related risks associated with using third-party service providers.
Common Types of Third-Party Relationships
Common Types of Third-Party Relationships
- Product providers (investors)
- mortgage brokers
- Loan servicing providers
- flood insurance monitoring
- debt collection
- loss mitigation/foreclosure activities;
- Disclosure preparers
- disclosure preparation software
- doc prep vendors
- Technology providers
- software vendors
- website developers
- outsourced compliance functions
- compliance audits
- fair lending reviews
- compliance monitoring
| Vendor Management Table of Contents |
Vendor Management Plan is included in the Operations Module, Part of the Mortgage Banker or Correspondent Packages
Product ships via e-mail link - please allow 5-15 minutes for delivery
Product ships via e-mail link - please allow 5-15 minutes for delivery
