Lender Vendor Management Solutions

Mortgage Service Provider Oversight

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:

  • AtClose Service Provider Oversight Technology to manage your panel of vendors
  • AtClose Service Provider Tracking Modules to manage Service Levels and service compliance
  • Service Provider management outsourcing – let our team manage the thousands of providers. We can track licensing, insurance, complaint management, audits and oversight from one of 5 global centers


Additional Resources



Challenges in meeting the GSE mandate for uniform closing dataset (UCD) delivery
Date: September 20th, 2016 02:00 PM EST

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