PALM COAST, Fla., Jan. 28, 2014 /PRNewswire/ -- Vendor Compliance Plus, LLC announced today its new web-based Compliance Management Software. Vendor Compliance Plus is an independent loss prevention and compliance solution company who properly screens potential and current vendors for financial institutions. Vendor Compliance Plus employs the most rigorous credentialing and compliance processes in the industry, ensuring strict adherence to a variety of new government mandates including the Consumer Financial Protection Bureau (CFPB).
Vendor Compliance Plus was implemented to assist in eliminating those issues that could have a negative impact on your company, revenue, reputation and to close any gaps leaving you exposed to legal liability in regard to your contracts with company service providers.
Vendors are inspected on an annual basis. Comprehensive screenings consist of an initial onsite inspection and mandatory criminal background checks on all the principals and/or owners along with all contractors/ employees. In addition, Vendor Compliance Plus confirms and monitors the company's insurance and licenses in states required.
Why choose Vendor Compliance Plus:
Unsatisfactory work and risk are hazards that happen all too often when a comprehensive verification is not complete thus making it our focus to provide you with the most secure system to store, manage and retrieve documents. Through a password protected area, vendors can maintain the documentation needed for compliance. Financial institutions are able to browse vendors, employees, reports and documents allowing them to make well informed decisions. The Vendor Compliance Plus system is easy to use with a quick and cost-effective way to locate information about any vendor at any time.
"Our proactive approach exemplifies our commitment in providing the mortgage field service/preservation industry the best in class field agent network in the marketplace," said John Marsh, Chief Executive Officer for Vendor Compliance Plus.
Vendor Compliance Plus, LLC is the leading, independent, compliance monitoring platform tailored to serve the mortgage field service/preservation industry. VCP provides its clients with a secure portal that allows the live monitoring of their service providers and all of their compliance related documents, contract, audits and inspections. To learn more, please call 888 533-2013 or e-mail info@VendorCompliancePlus.com
SOURCE Vendor Compliance Plus, LLC