Technology Corner
Technology provider releases due diligence whitepaper
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Technology Corner
Monday, February 29, 2016
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ATPR Inc. is offering a whitepaper that provides considerations for lenders or servicers charged with building out robust third party due-diligence platforms for compliance purposes. The whitepaper provides an overview of such a platform and describes in some detail one of its key pillars.
According to the company, working with a vendor who quickly can provide detailed and cost-effective property reports can enable the lender or servicer to perform due diligence on their third party vendors on a regular basis.
These reports will reveal vendors who cannot meet the new compliance requirements, to help the buyer consolidate its vendor network. In addition, the information reports will provide an easy method to score vendors, allowing the buyer to better rank them.
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