Exam Preparation
Third Party Risk Exam Preparation for Consumer Lenders
Third-party risk examinations evaluate your vendor management program, from due diligence to ongoing monitoring to exit strategies. Canarie helps you maintain evidence of systematic vendor oversight throughout the vendor lifecycle. Specifically tailored for the unique examination requirements facing consumer lenders.
Consumer Lenders Exam Preparation Challenges
Multi-jurisdictional requirements
Consumer protection scrutiny
State rate and fee limitations
Fair lending requirements
CFPB oversight
Examining Agencies
OCCFDICFederal ReserveCFPB
Exam Frequency
As part of safety and soundness or targeted examination
Preparation Steps for Consumer Lenders
1
Update vendor risk assessment2
Compile due diligence documentation3
Document ongoing monitoring activities4
Gather contract management evidence5
Prepare incident and issue tracking6
Document board oversight of critical vendors7
Compile exit strategy documentationEvidence Examiners Expect
Vendor risk management policy
Vendor risk assessments and tiering
Due diligence documentation
Ongoing monitoring records
Contract inventory and reviews
Vendor performance metrics
Board reporting on critical vendors
Related Compliance Areas for Consumer Lenders
TILA/Reg ZECOA/Reg BFCRAUDAAPState-specific requirements
Frequently Asked Questions
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Demonstrate fair lending compliance with systematic evidence capture and monitoring workflows.
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Prepare for consumer compliance examinations with comprehensive evidence capture across all regulations.
Third Party Risk Exam Preparation for Other Industries
Transform Third Party Risk Exam Preparation for Your Consumer Lender
See how consumer lenders prepare for examinations in days, not weeks.