Introduction to Vendor Management
This title is one of the many courses available in the AllRegs Education Package subscription program!
This course begins by addressing some basic topics about vendors including who they are and what services they provide. We then look at the regulations and regulatory agencies concerned directly with the use of vendors and service providers. The course progresses into the risks associated with utilizing vendors. After we build that foundation of knowledge we progress into the actual vendor management techniques. The course covers the pre-contract processes of risk assessment and due diligence.
What will I learn?
Upon completion of the course, students will be able to:
- Define the role of vendors in the mortgage loan origination and servicing processes
- Explore the regulatory landscape of vendor management oversight
- Identify the risks associated with utilizing vendors
- Understand vendor management roles and responsibilities
30 minutes (approximate)
How it works
Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles, real world examples, and, where appropriate, video and/or audio recordings of industry experts.
The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. While course completion time varies per student, it will take approximately one hour to complete most courses.
Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.
*Restrictions apply. If your staff size exceeds 250, please consider the Enterprise AllRegs Education Package.