Manage Your Vendor Panels Like a Champ with Collateral360
EDR/LightBox's Al Gabberty & Matt DeVoe
About this talk
Collateral360’s Vendor Scoring and Invoicing
Understanding the performance of your various vendor panels including appraisers, environmental consultants, construction/engineering and others is not only a prudent practice, but also a regulation under FIRREA.
While most lenders use some type of system to grade vendor performance such as quality and on time delivery, the limited flexibility of the scoring tools drive many to go through the motions to simply satisfy compliance efforts. Few are capturing meaningful data and leveraging it to drive decision making. Until now.
This complimentary Product Spotlight will focus on Collateral360’s new vendor scorecards feature that allows you to create scorecards for multiple service types including appraisal, environmental, engineering, etc. or to capture details specific to loan or property type.
We’ll also be reviewing enhancements to the platform’s invoicing feature that allows you to create multiple invoice templates by service type or other, define formatting parameters, and even include your brand logo.