With Vendorly’s contract management feature, it is now easier to gain valuable insight into contract terms, performance, and spend analysis of third-party vendors.
Vendorly is a central contract repository giving you full visibility into all your vendor contracts.
Due Diligence Reviews
Not all vendors are the same and neither is the associated risk. Vendorly offers customized levels of due diligence questionnaires and research specific to vendor type.
Vendorly can work as an extension of your organization providing you with a team of experts that can help you with the following types of verifications and reviews:
Third Party Originator (TPO) Oversight
It’s imperative that lenders who work with TPOs properly vet them first. Vendorly provides an award-winning solution that can help you reduce risks and increase productivity. Financial institutions and mortgage lenders use Vendorly to navigate the complex TPO vetting process and create a secure central repository for documentation — all in one place.
Automated Risk Assessment
Assess your vendors based on simple, standardized, and affirmative questionnaires to determine whether they require deeper due diligence. This calculated ‘Risk rating’ for each vendor also helps to streamline operational processes and substantiate the required level of your vendor risk assessments.