Crystal Gateway Marriott
1700 Jefferson Davis Highway
Arlington, VA 22202
Tuesday, September 24, 2013
3RD PARTY / VENDOR RISK MANAGEMENT: STRATEGIES FOR MEETING EVOLVING EXPECTATIONS
Deficiencies in 3rd party oversight was identified by regulators as a significant driver of the issues that led to the mortgage and foreclosure crises. A significant component of the AG Settlement Agreements and the Foreclosure Consent Orders related to required enhancements to 3rd party risk management - particularly for 3rd parties that perform critical activities on behalf of banks and mortgage servicers, including bankruptcy and foreclosure related activities.
While those institutions subject to the AG Settlement Agreements and Consent Orders have made profound operational changes pursuant to the requirements of those enforcement actions, the broader servicing industry still has a way to go. This is exacerbated by the proliferation of new or expanded requirements by the OCC, the CFPB, and the GSE's- only some of which are consistent.
Join us for this hands-on session as we discuss strategies for deciphering the evolving supervisory requirements, while maximizing operational efficiencies and enhancing the customer experience.