Course length: Approximately 30 minutes
We begin by addressing some basic topics about vendors, including who they are and what services they provide. We then look at the regulations and regulatory agencies concerned directly with the use of vendors and service providers. Next reviewing the risks associated with utilizing vendors, the course progresses into vendor management techniques. The course covers the pre-contract processes of risk assessment and due diligence.
Course objectives include:
• Define the role of vendors in the mortgage loan origination and servicing processes
• Explore the regulatory landscape of vendor management oversight
• Identify the risks associated with utilizing vendors
• Understand vendor management roles and responsibilities
More detailed course information is available at: http://elliemae.com/education/courses/introduction-to-vendor-management
Last Updated 11/2018.
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