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Thursday, April 24, 2014

4:00 p.m. - 4:45 p.m.
Track: Compliance/Regulation View Track

VENDOR RISK MANAGEMENT FOR MORTGAGE SERVICERS

Roberto Hernandez, Principal, PRICEWATERHOUSECOOPERS LLP
Michael Greenbaum, Vice President of Operations, SAFEGUARD PROPERTIES
Michael D. Webb, Director, Enterprise Vendor Management & Procurement Services, EVERBANK
David Tallman, Partner, K&L GATES

Recent regulatory bulletins on vendor risk management created both an imperative and an opportunity to step back and strategically re-evaluate how the use of third parties aligns with a servicer’s business model, business objectives and risk appetite. For vendors in the servicing industry, the costs to demonstrate compliance have pushed many leaders to rethink how they prepare for and respond to clients’ requests in a more efficient way. We will look at the strategic implications of new regulations for both servicers and vendors.

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