Data Facts, Inc Offering Third Party Management Solution

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Data Facts, Inc and Temenos have partnered together to offer banks and lenders a solution to help meet today's regulatory guidelines.

By offering our clients innovative solutions to industry regulations, we enable them to focus on the more profitable side of their business—closing more loans.

Data Facts Inc - a nationwide provider of mortgage lending solutions - is excited to announce an addition to their compliance arsenal of solutions. Banker VMS - powered by Temenos - is a comprehensive, third-party vendor management software, now available to help financial organizations meet the most stringent regulatory guidelines

Banker VMS - powered by Temenos is a web-based, central data repository for all vendor information and the business processes associated with them. This software will assist banks and lenders in their efforts to complete an ongoing annual supervision and monitoring of all critical vendors identified in the risk assessment, in an easy to view dashboard format.

“By offering our clients innovative solutions to industry regulations, we enable them to focus on the more profitable side of their business—closing more loans. We are committed to doing market research, and then offering our clients the best in technology, products, and compliance solutions, keeping them competitive in the marketplace,” says Julie Wink, Executive Vice President of Data Facts, Inc.

This comprehensive solution provides vendor management policies, due diligence checklist, risk management, and a disaster recovery product. The risk compliance feature is a uniform, systematic approach to vendor risk assessment based on FFIEC guidelines, keeping banks and lenders compliant with new industry regulations.

If you would like a demonstration on this innovative solution, please contact Data Facts, Inc at 901.685.7599 or lendingsolutions(at)datafacts(dot)com

About Temenos

Temenos was founded in 1993 in Geneva, Switzerland. From the outset it had a simple mission: to rid the banking industry of its legacy software.

Ever since that time, Temenos has worked to make this mission a reality. It has invested more than 1 billion US dollars in developing great banking solutions. It has grown its product set from core banking to payments, wealth management, business analytics and channels, offering a comprehensive solution set to meet the industry’s needs.

It has developed the largest network of partners in the industry to enable it to scale delivery, and Temenos has more than 1,600 installations in over 150 countries.

About Data Facts, Inc.

Since 1989, Data Facts, Inc has provided Mortgage Lending Professionals with information they trust and rely on to make sound lending decisions. Their full suite of products from credit reports to flood certification, tax return and social security verifications, to an appraisal platform, assists in streamlining the lending process. Data Facts, Inc. provides clients with both cutting edge, top of the line technology, and personalized support and service. Together, these are the building blocks of their client relationships.

Data Facts, Inc. is NAPBS accredited, SOC 1 and 2 certified, and are members of the NCRA. We invite you to experience the Data Facts Difference.

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Jennifer Hamby
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