Technology

Technology - Vendor Management

Our vendor management solutions help lenders, GSEs and servicers manage vendor relationships that are critical to all aspects of mortgage banking.

Vendor Management Markets

Foreclosure and BK Attorneys

Provides an objective process for assessing and scoring your foreclosure and bankruptcy attorneys. Assess and measure loan level performance, organizational due diligence and milestone reviews into one consolidated scorecard.

Servicing and Origination Vendors

Perform annual due diligence reviews, manage vendor onboarding, ongoing vendor communications leveraging a common vendor portal. Maintain a common vendor database with contact information and key documents for easy access.

Small to Medium Lender Marketplace

Providing out-of-the-box and cost effective vendor management solutions to the small lender marketplace. Call us for an online demonstration of our quick start program that can be up and running in 1 week with standard due diligence checklists.

Features

Due Diligence Reviews

Annual reviews of risk, information security, financials etc. Manage scheduling, checklists and scoring.

Licenses and Insurance

Track licenses and insurances in one central location. Monitor expirations, request updates and send reminders automatically.

Vendor Portal

Respond to due diligence requests and upload supporting docs. Send notifications and track acknowledgements electronically.

Scorecards & SLAs

Weighted scoring configurable at a question level. View trending within and across vendors.

Action Plans

Document and track key gaps with remediation plans. Manage termination/transition strategy.

Complaints

Manage consumer and vendor complaints and online search results from Lexis Nexis etc.

Contact Decision Ready

Transforming Risk Management and Compliance.
Want a live demo? Have questions? Our DecisionReady experts are ready to help.

Call: 800-340-3935