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Big news in vendor compliance:

We are pleased to announce that effective June 1, 2020, Millennium Capital & Recovery Corporation (MCRC) decided to join the more than 40 auto lenders and forwarders who have chosen MBSi and RISC to manage their recovery vendor vetting and compliance management.

With this decision, MCRC chose the protection provided by VendorConnect; MBSi’s latest compliance and vendor management platform which combines their legacy system, Contract Comply, with Vendor Transparency Solutions (VTS) which they acquired last year.

MBSi’s VendorConnect platform combined with RISC’s compliance management and education services provides: continuing education, onsite inspections and vendor vetting solutions to lenders, forwarders and recovery agents. RISC securely manages the entire vendor compliance management process and has been adopted by 79% of the industry according to a recent CU Collector survey.

 

What you can expect with this announceent:

If your recovery agency currently performs work for MCRC, you will be contacted by RISC to gather relevant information about your company.

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