Vendor Management

Working with third-party vendors is standard practice for lenders today, but it also introduces various levels of operational, financial, and strategic risk into business operations. Implementing a comprehensive vendor management process requires a significant amount of time and effort to properly mitigate these various risk factors and remain critical as regulatory pressures increase.

First American Mortgage Solutions offers a full suite of automated third-party vendor management solutions to help accomplish this while reducing costs and mitigate risk that is inherent whenever working with third-parties.

For more information on comprehensive background checks and vendor vetting, monitoring, and SAFE Act compliance, please review our respective solutions below.

Services

Third Party Review

Third Party Review (TPR) from First American Mortgage Solutions provides you with the ability to review third party originator application information with real-time license checks.

Watchlist Review Module

Watchlist Review Module (WRM) is a unique application that provides the ability to search for a person or company against several industry and government watch lists.

RegsData

RegsData accurately and concisely verifies and monitors compliance of Third Party Originator state license and NMLS registration requirements through our web-based platform.

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