Vendor Select comprises cutting-edge software that empowers loan servicers, asset managers and government-sponsored enterprises (GSEs) to manage the compliance and day-to-day workflow of their external vendors.
Its enhanced search feature allows these entities to easily search, hire and rank vendors – real estate agents and contractors, among others involved in the preservation/disposition processes — throughout the United States. Only experienced, qualified and licensed vendors in the Real Estate-Owned (REO) and short sale arenas are featured in Vendor Select’s nationwide network.
Key features/services include, but are not limited to:
Vendor Select instantly increases the coverage areas for its clients, ensuring optimum execution and lift for performing- and non-performing assets. It is the asset management industry’s only Smart Network, streamlining the often complicated outsourcing process and making it simple for vendors and asset managers to meet (and then interact) with each other on large volumes of assets in real-time.
In addition, Vendor Select’s proprietary document generation and upload features enable lenders, servicers and other portfolio owners to generate and transmit documents of any type within the system. It also allows them to review and manage vendor billing in real time.
It’s vendor network management for the 21st century.