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Vendor Management Solution for Non-Bank Lending

Venminder is trusted by 1,200+ organizations to help
manage, assess, and mitigate vendor risks.

Non-bank lenders must oversee and manage business relationships.

 

The CFPB expects non-bank lenders to oversee business relationships with service providers in a way that protects consumers from harm. This means that third-party risk management is crucial for non-bank lending, not just to avoid regulatory fines, but to protect the trove of sensitive consumer information.  

$1.75 million

fine received after third-party violations at mortgage company

50,000

people were impacted after one third-party data breach

74%

rated third-party risk management maturity as poor

Venminder ensures compliance with a centralized platform that manages and monitors documentation and vendor risks. Supplying auditors with the correct documents is easy with Venminder’s centralized platform that collects and stores documentation. Our customizable risk assessments and rating system set a consistent third-party risk management process.  

Support Third-Party Risk Management Compliance

Venminder understands the specific regulations non-bank lenders must comply with. Venminder's services and subject matter experts can provide guidance for exams and compliance.

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Centralize Contract Management and Document Collection

Monitor and track all service providers easily with Venminder's centralized system for contracts and documents. Easily check where a service provider is in the due diligence process and monitor important contract dates. 

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Access Skilled Expertise to Guide Program Success

Qualified and certified third-party risk experts are available for questions or to assist in guiding your program to success. Includes CISSPs, CPAs, financial risk analysts, paralegals and more. These experts can review questionnaires, documentation, and provide expert recommendations. 

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Generate Quick Reports and Summaries on Third Parties

Monitor and report on service providers with customizable reports and dashboards. Instead of spending valuable time on error-prone spreadsheets, use Venminder's accurate reports that cover the entire relationship with the service provider. 

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Read a Case Study

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See how Venminder has helped organizations with third-party risk management

Organizations have more efficient processes, saved time, consistent contract management, and experienced other benefits with Venminder. Hear first hand how Venminder has transformed organizations' third-party risk management. 

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Order Vendor Risk Assessments Online

Completed assessments can be searched, previewed and ordered directly from the Venminder Exchange

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Schedule a personalized solution demonstration to see how Venminder can improve your processes.

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