The industry has been inundated with new regulations covering all forms of credit, real estate, and other mortgage related services to protect the consumer in the aftermath of the credit crisis. The Consumer Financial Protection Act of 2010 created the CFPB with authorization to oversee over both lenders and service providers. The CFPB, Federal Reserve Board (FRB), Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA) and even the GSEs (government-sponsored enterprises) have included vendor oversight (or third party risk assessment) as a requirement in an institution’s risk management framework. As a result, lenders are struggling with understanding their responsibilities for oversight of vendors who provide services to them.
Our AtClose Service Provider Oversight solution combines ours Vendor Management and Oversight technology solution within AtClose along with our Vendor Oversight Outsourcing capabilities to ensure you meet the regulatory requirements for all your vendors. The solution includes:
Working with Visionet has been instrumental in allowing us to innovate and provide better overall customer experience throughout our website. Their thought leadership, broad technical capabilities, and extensive portfolio allows us to engage with them on many different projects.
Director of Ecommerce
Dooney & Bourke
Visionet came in with key domain understanding of our business and in short order helped us craft a reporting structure on time and in budget. We value their expertise and partnership to our company
Mr. Stuart Werner
We had changed our e-commerce platforms several times but still struggled to find the right platform to meet our growing business demands. We needed the new Demandware platform to be implemented before the holiday season, and I’m thrilled that Visionet Systems was able to deliver against a tight deadline.
VP Marketing & e-Commerce Operations
Working with Visionet’s team had been a great experience allowing us to leverage on their wealth of experience. We are now well-enabled to offer exhibitors an enriched ordering experience through quick and easy-to-use functionality and enhanced functions
Mrs. Trish Webb
VP, Application Development