MReport March 2019

TheMReport — News and strategies for the evolving mortgage marketplace.

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TH E M R EP O RT | 37 SPECIAL ADVERTISING SECTION: BEST IN TECHNOLOGY GUIDE Vendorly KEY PERSONNEL Jim Vaca SVP Steve Greenfield Director of Operations CONTACT INFORMATION 1000 Abernathy Road Suite 200 Atlanta, GA 30328 COMPANY DESCRIPTION Vendorly ® is an innovative, SaaS-based vendor- management platform designed to help financial institutions manage their vendors and meet their evolving vendor oversight obligations. The Vendorly platform can help to streamline vendor due diligence, document maintenance, monitoring, and audits. BUSINESS LINES, SERVICES, AND PRODUCTS Vendorly offers managed vendor oversight services, including due diligence, document management, annual assessments, information security assessments, financial condition reviews, and on- site audits. In addition to the software platform and operational support, Vendorly offers integrations with third parties. This gives Vendorly clients access to an array of due diligence requirements, including industry- recognized cybersecurity and TPRM questionnaire methodology, deep cybersecurity expertise, and industry-standard methods for mitigating third-party risk. KEY FEATURES/BENEFITS Vendorly helps simplify third-party risk management processes so financial institutions can manage vendor relationships and keep compliant with regulatory guidelines. For mature programs, Vendorly brings an extra layer of efficiency and control. For less mature programs, Vendorly provides complete outside-the-box solutions to jump-start a program of any size or complexity. COMPETITIVE ADVANTAGE Vendorly offers: » Vendor monitoring: Single repository and dashboard as well as document validation, due diligence, and storage/archival » Experience: With over 59,000 vendors registered, the Vendorly solution is used by their own Vendor Management team » Customization: Vendor due diligence created specifically for different vendor types, recognizing the various levels and types of risk which each vendor may present » Automation: Automated due diligence research with checks into the CFPB complaint database and OFAC » Strength: Backed by Altisource, Vendorly is poised for strategic growth with increased visibility in the marketplace ADDED VALUE TO CLIENTS Vendorly is focused on the overall lifecycle of vendor risk management. In the past year, Vendorly has collaborated with leaders in cyber-risk scoring and third- party risk management tools to allow for comprehensive oversight on third- and fourth-party vendors. Vendorly has embraced an agile methodology in order to be proactive to the demands of its clients. With recent releases such as Smart Questionnaires based on SIG methodology, an intuitive contract and integrated risk-assessment module, Vendorly continues to demonstrate its commitment to raise the bar in TPRM. Vendorly strives to provide the tools and expertise its clients need to help efficiently manage their third-party risk management obligations. INDUSTRY AWARDS, ACCOLADES, AND MILESTONES: 2018 HousingWire Tech100 Winner TESTIMONIAL "The ROI of shifting to Vendorly was felt immediately. Not only was I able to reallocate resources into other key initiatives but my existing team was able to focus on new projects and really manage the relationship aspect of the vendors we were using. Day-to-day challenges such as document collection, chasing down expired information, reviewing vendor questionnaires, or researching any negative news are now handled exclusively by the Vendorly team. Vendorly does the heavy lifting, which in turn allows my team up to make the strategic decisions and focus on the vendor relationship. By incorporating Vendorly into my overall TPRM program, I was able to help further mitigate risk, achieve my regulatory requirements, and do so well within my overall compliance budget." —Gary Mckiddy, CFO, NTFN

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