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Learn about strategies & technologies for mitigating third-party risks in origination process, with a focus on risk management roles and technology implementation goals. Discover the importance of credentialing, predictive analytics, and centralized databases in mitigating risks.
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Mitigating Third Party Origination RiskA Warehouse Lending Perspective
Mitigating Third Party Origination RiskStanley M. Street, President Street Resource Group, Inc. Risk Control Strategy Recognition Assessment First Execution Oversight / Review Follow Up
Mitigating Third Party Origination RiskStanley M. Street, President Street Resource Group, Inc. Technology Implementation Goals Stronger, More Robust in Depth and Accuracy More Efficient, Integrated Processes More Cost Effective
Mitigating Third Party Origination RiskStanley M. Street, President Street Resource Group, Inc. Risk Management Roles Strategic Corporate Goals Maintain/Increase Market Share Protect/Promote Customer’s Profitability Preserve Security Interest in the Collateral
Mitigating Third Party Origination RiskStanley M. Street, President Street Resource Group, Inc. Technology In Use Credentialing Predictive Analytics Performance Monitoring Electronic Data Standardization Centralized Shared Industry Databases Risk Point Decision Workflow Processing
Mitigating Third Party Origination RiskStanley M. Street, President Street Resource Group, Inc. Family Equivalent Parent Estranged Spouse Rich Relative Wicked Step Sister Nanny / Housekeeper Placed for Adoption
Mitigating Third Party Origination Risk Thank you! Stanley M. StreetPresidentStreet Resource Group, Inc. www.streetresource.com