Vendor risk

Vendor Risk Management: When It’s Done Right, It’s Never Done

ABA Banking Journal

The recent mortgage foreclosure crisis shows what can happen when banks don’t perform an ongoing evaluation of a third party’s business practices. Since 2011, banks have paid roughly $2 billion in restitution and civil penalties stemming from the noncompliant policies of third-party law firms hired by banks to handle foreclosures.

Read the full article here.

ATS Secured’s leading-edge software solution can save you countless hours of work managing vendors—not to mention headaches. Plus, you can consolidate your workflows internally and with external partners for reduced errors and quicker consensus.

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