RISK MANAGEMENT OF THIRD PARTY VENDORS THROUGH THE TECHNOLOGY LENS

Regulatory attention on improved mortgage servicing means mortgage lenders must establish and implement best practices when dealing with third party vendors. Due diligence in selecting vendors, proper contract structuring, and continuous oversight are part-and-parcel of a best practices approach.   

This session will: 

1. Review regulatory guidance on managing third party relationship risks—focusing on best practices developed by the OCC, Fed, FDIC, OTS, and the CFPB, and 

2. Identify key technology issues relevant to the initial and ongoing due diligence, contract structuring, and oversight of third-party providers.