The mission of Vendor Transparency Solutions is to assist our clients in minimizing their exposure to risk and consumer complaints through the development of superior compliance monitoring products, continued education and providing the highest level of risk management.
Vendor Transparency Solutions, LLC (VTS) is the industry leading compliance management system (CMS) tailored to the automotive lending community. Today’s regulatory environment requires proper screening of current and potential suppliers that provide financial products and/or services to financial institutions. VTS is the lender driven platform that assures you are contracting with the most compliant service providers.
You probably spend time considering the prices and services provided by potential suppliers, but what about other crucial factors that could pose a threat to your lending institution? Potential liabilities like criminal records, financial troubles, improperly insured suppliers, failure to meet the CFPB compliance standards, or disreputable business relationships cannot always be identified through an in-house procurement process.
Vendor Transparency Solutions, LLC., conducts detailed screening of both potential and current suppliers to provide insight into their background, integrity and financial standing. The VTS web based platform is designed to comprehensively screen and monitor all asset recovery agencies, forwarding companies, skip trace agencies and transportation companies through the use of our two signature products, VTS Professional and VTS Basic. VTS goes beyond the traditional snapshot of a company’s level of compliance by providing daily monitoring, compliance tracking and providing our clients with the most robust complaint handling tool in the industry, the VTS Complaint Handling Module.