CONCORD, MASS. – May 10, 2016 – ProcessUnity, a leading provider of cloud-based applications for risk management, announced today it will host “TRID Trends: A Lender’s Guide to Effective and Efficient Third-Party Risk”, a webinar focused on educating risk and compliance managers on the latest trends in third-party risk management in the mortgage industry.
Conducted in partnership with HousingWire, the webinar is scheduled for Thursday, May 12, at 2:00 p.m. EST. Interested parties can register here to attend.
Mortgage providers today rely on a vast web of vendor relationships to conduct day-to-day operations, and increasing scrutiny from new TRID mandates is making it even more critical to have a structured oversight process in place. Risks are present throughout the loan origination and servicing process and responsibility cannot be deferred, making it essential to have a clear understanding of potential vulnerabilities before regulators embark on an audit.
“Risk managers, compliance managers and corporate executives in the mortgage industry are all responsible for ensuring that their organizations abide by a growing list of risk management obligations and consumer protection mandates,” said Todd Boehler, Vice President of Product Strategy at ProcessUnity. “We’re looking forward to connecting with mortgage industry professionals in order to offer them the latest insights they need for complying with TRID requirements and getting better control over third-party risk.”
Webinar attendees will learn the following:
- The best practices lenders are using to manage their third parties
- How lenders are overcoming top challenges, including qualification and document collection
- How to utilize the best methods for identifying potential vendor risks
- Effective strategies for addressing higher-risk vendors
- How to leverage automation to reduce “busy work” and mitigate more risk
Leading organizations rely on the ProcessUnity GRC Platform to assess, measure and mitigate risk and ensure the optimal performance of key business processes. The Software-as-a-Service technology creates a common user experience and seamless application integration across all ProcessUnity governance, risk and compliance solutions. As cloud-based technology, ProcessUnity deploys quickly with minimal effort from customers and their IT resources. Product enhancements are installed frequently, immediately and automatically, and require no work from the customer. The inherent efficiency of the platform delivers faster, better results and the ability to scale governance, risk and compliance programs over time.
ProcessUnity’s suite of applications includes Third-Party Risk Management, Policy and Procedure Management, Enterprise Risk Management, Regulatory Compliance Management, Incident Management, Product and Service Offer Management, and more.
Learn more about ProcessUnity solutions at www.processunity.com.
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. For more information, visit www.processunity.com.