Together with our lending clients and compliance partner, RISC, we have created the industry standards for compliance that go beyond an annual check-up.
What is VendorConnect?
VendorConnect is an online software tool that enables recovery agencies, lenders, and national forwarding companies to manage compliance documentation and processes. Compliance services within VendorConnect are managed by industry compliance services leader, RISC. Your organization can now have peace of mind throughout the recovery lifecycle, knowing there are compliance checks and full transparency along the way.
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Who is RISC?
RISC is the leading provider of compliance services for collateral recovery and partner of MBSi. RISC serves over 40 lending institutions and 1,000s of recovery agents annually for vendor vetting, onsite inspections and education/certifications.
Lenders, Lienholders & Forwarders
Verify, monitor and securely store important business documents and policies for all your asset recovery vendors. Document access and 24/7 compliance monitoring by RISC is available with VendorConnect.
Vendor Onsite Inspections
Through our partnership with RISC, we have the most comprehensive list of recovery lot inspections nationwide with immediate access to more than 3,000 inspected lots.
Mitigate third-party vendor risk by verifying regulatory compliance training. The CARS program is the industry standard training program that covers all state and federal laws that impact the self-help repossession process.
Introducing RISC Pro, an exclusive collateral recovery agency membership. RISC Pro is the leading industry membership that provides recovery agencies with the ability to elevate their compliance status, connect with clients, access discounted education, and more.
Your complete company profile will be showcased to lenders and forwarders looking for agents in your area
Unlimited access to RISC’s national certification programs for one low subscription “pay-per-employee, per-month”
Feature a certification document stating a vendor onsite inspection(s) was completed by a RISC approved inspector for one or more lots or office locations within the past 12 months.
Use the leading platform that more than 40 national creditors and forwarders use for vendor vetting and vendor onsite inspections