CONCORD, MASS. – November 10, 2015 – ProcessUnity, a leading provider of cloud-based applications for risk management, today announced that Gateway Mortgage Group LLC has selected ProcessUnity Vendor Cloud to automate its third-party risk management processes. Gateway will leverage ProcessUnity to identify and mitigate risks posed by its critical service providers, ensuring compliance and fulfilling regulatory obligations.
Founded in 2000, Tulsa, OK-based Gateway Mortgage Group is a complete end-to-end mortgage banking firm that specializes in originations, servicing and correspondent lending. The company services more than $6.0 billion in residential mortgages. For more information about Gateway, visit www.GatewayLoan.com.
“Vendor Cloud will help us automate the administrative tasks related to third-party risk management and allow us to focus on higher-value risk management activities,” said Scott Gesell, General Counsel at Gateway Mortgage Group. “We believe the cloud-based system will make it easier to fulfill our regulatory obligations while providing management real-time visibility into risk assessment progress, the status of remediation activity and vendor ratings.”
Vendor Cloud reduces the time and resource costs associated with identifying and mitigating risks posed by third-party service providers. Vendor Cloud combines a vendor service catalog, automated assessment tools and interactive reporting capabilities in an extremely easy-to-use environment that allows organizations to eliminate manual tasks and focus on higher-value risk management activities.
ProcessUnity is a leading provider of cloud-based applications for risk management and service delivery management. The company’s software as a service (SaaS) platform gives organizations the control to assess, measure, and mitigate risk and to ensure the optimal performance of key business processes. For public companies and regulated industries, ProcessUnity Risk Suite delivers effective governance and control, vendor risk mitigation, and regulatory compliance. For benefit plan administrators and other financial service firms, ProcessUnity Offer Management controls complex product offerings and strengthens client service experience. ProcessUnity is used by the world’s leading financial service firms and commercial enterprises. The company is headquartered outside Boston, Massachusetts. For more information, visit www.processunity.com.