Vendor Management: How Well Are You Managing Your Consultants and Appraisers?

Presented by

Mitch Kreeger, MAI SRA MBA, Chief Appraiser and Principal Consultant, Kreeger Consulting

About this talk

Recent enforcement actions by bank regulators are heightening the need to establish formal policies for third party vendor management. Financial institutions that use outside firms for all types of underwriting and other bank functions are ramping up their oversight of outside firms and for some, the data management burden is not insignificant. This timely event will focus specifically on how risk managers can develop effective policies for managing outside vendors for appraisals and environmental assessments. EDR is pleased to host a webinar on this timely topic with Mitch Kreeger, a well-known subject matter expert on valuation, environmental and seismic risk, and regulatory compliance topics, will share his insights and advice on establishing an effective vendor management policy for appraisers and environmental professionals. Kreeger will explore the myriad ways that attendees can improve vendor management, from initial project bidding to vendor selection to monitoring vendors over time. At this educational webinar, attendees will receive advice on managing relationships with appraisers and environmental consultants, including answers to the following: • What should we consider in selecting the “right” vendor for the job? • How do we find quality appraisers? EPs? • What guidance should our institution be giving our appraisers and EPs? • What criteria should we be using to grade vendors and monitor performance? • How are banks facing today’s vendor management challenges?

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