VTS Compliance Monitoring System
Allied Finance Adjusters partnership with Vendor Transparency Solutions, LLC (VTS) Compliance Monitoring have taken their members and businesses to new levels. More lenders are moving towards VTS as a primary requirement for their compliance system. VTS looks forward to working together with the AFA leadership team in providing unmatched Compliance Monitoring and Continued Education Services to its association members.
VTS is the industry leading, independent, compliance management system (CMS) tailored to the automotive lending community with a proven track record that is unmatched in the industry. 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 original, industry specific, lender driven platform that assures lenders are contracting with the most compliant service providers.
Lenders register to access their custom VTS Portal giving them the ability to monitor and track their entire network of 3rd party repossession service providers, including Direct Model, Forwarding Model, Skip Agencies, Field Call Services and Transportation Agencies.
VTS provides subscribed third party service providers with a secure online Compliance Management System (CMS) enabling them to create and showcase a detailed compliance profile that includes:
•Detailed Company Data
•Policies and Procedures, Complaint Handling Procedure, Employee Handbooks, Emergency Disaster Recovery Plans
•Evidence of proper due diligence on current and potential employees
•Professional Site Inspections of all operational locations
•Vetted Insurance and Bond Coverage
•Showcasing of Association Affiliation
•Showcasing of Recovery Equipment
•Consumer Complaints Handling through the VTS Complaint Handling Module
•Vetting and Tracking of all time sensitive documents, Business Licenses, Vehicle Registrations, Employee Drivers Licenses, Insurances, Bonds and more
•Continuing Education to staff via the VTS Continued Education Module
•Showcasing the VTS Compliance Profile to potential clients via the VTS Marketing Module
In this new era of compliance VTS's focus is in assisting companies in achieving the highest level of compliance and position those companies for growth and profitability through risk management.
Displaying the VTS logo has become symbol of Comprehensive Compliance, Transparency and Professionalism. It is an indication of your company's unwavering willingness to provide the highest level of risk management to your clients. It is the acknowledgement and understanding of regulatory guidelines that apply to the industry.
Our Mission Remains: 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.
Lenders or AFA Members, If you have any questions give us a call! (520) 468-3990