The importance of third party risk management in consumer finance


It has become the norm to leverage third party service providers as part of the loan manufacturing process. For many lenders, it can take a village – or at least 15 vendors – to close a loan.

The risks of not performing effective due diligence and oversight are too high to ignore. The reputation of your brand is at risk. Third party risk management can help protect your brand, deliver strategic advantages and, most importantly, protect your most valuable asset – the relationship with your consumer.

Join us for this one-hour complimentary webinar where you will learn:
· Best practices in 2018 for vendor onboarding
· The 3 lines of defense in third party risk management
· Data security and the link to third party vendors
· The current regulatory landscape – a sea of change: OCC, CFPB and State Exams
· The journey of your consumer data during an application
· Common questions and concerns from third party risk management teams

Key Speakers

Mike Sisk

Contributing Editor
American Banker

Steve Greenfield

Director of Third Party Risk

Original Source