VPCS Awards 24/7LoanPros Compliance Certification
VP Compliance Services Vendor Certification program is an extensive review and audit of lead gen vendors. A VPCS Certified Vendor is a vendor a lender can trust when looking to purchase leads.
VP Compliance Services is pleased to announce 24/7LoanPros has passed required elements of our Lead Gen Compliance Certification Program.
The Lead Gen Compliance Certification Review examined the following areas (listed below) and found 24/7LoanPros to be operating a compliant organization as of the date of the review and passed our background review.
Please consider 24/7LoanPros for any future lead gen services.
For any questions regarding our Vendor Certification Program please contact Rick Wittwer at (877) 350-9933 X5 or wrw@vpcs.biz. The elements of the certification review 24/7LoanPros passed are listed below:
| VPCS Lead Gen Certification | Description | Comments |
| Date Certified | Date vendor passed the certification audit | Re-audited yearly |
| Certifications & Accreditations | Description | Comments |
| Online Lenders Accreditation | Detailed examination of lenders policies and procedures | Current |
| Liens, Actions, Fines, Investigations | Description | Comments |
| Company Background Check | Background check of company and associated companies | Passed |
| Principal Owners Background Check | Background check of principals | Passed |
| Required Licenses | Description | Comments |
| Corporate Registration | Review of state and federal corporate registrations | Current |
| State Registrations & Bonds | Review of state registrations and bonds | Complete and current |
| Collections License Review | All required licences reviewed | Complete and current |
| Agreement Review - Client | Description | Comments |
| Vendor | Examined for required elements of agreements | Passed |
| Policy and Procedure Review | Description | Comments |
| Identity Authentication | Policy Exists Procedure(s) Exists | Passed |
| GLBA | Policy Exists Procedure(s) Exists | Passed |
| Privacy | Policy Exists Procedure(s) Exists | Passed |
| Record Retention | Policy Exists Procedure(s) Exists | Passed |
| SCRA / MLA | Policy Exists Procedure(s) Exists | Passed |
| UDAAP | Policy Exists Procedure(s) Exists | Passed |
| Vendor Management | Policy Exists Procedure(s) Exists | Passed |
| TCPA | Policy Exists Procedure(s) Exists | Passed |
| Information Security (GLBA) | Description | Comments |
| PCI Scan | Performed on all IP addresses | Passed |
| Written Security Program | Program Policy Exists | Passed |
| Information Encryption used when transferring data | Program Policy Exists | Passed |
| Network Monitoring | Vendor in place | Passed |
| Firewalls installed | Reviewed firewall technology and vendor | Passed |
| Default passwords and Security Parameters updated | Policy Exists Procedure(s) Exists | Passed |
| Protection against system attacks | Technology exists | Adequate practice of testing |
| Restricted access to Sensitive Information | Policy Exists Procedure(s) Exists | Passed |
| Secure development of system and applications | Policy Exists | Passed |
| Audits | Reviewed audit schedule and results | Passed |
| Physical Security | Policy Exists | Reviewed audits - passed |
| Clean Desk Policy | Policy Exists reviewed audit | Passed |
| Facility Access Monitoring | Policy Exists reviewed audit and logs | Passed |
| Training | Description | Comments |
| FDCPA | Review of adequacy and frequency of training | Passed |
| TCPA | Review of adequacy and frequency of training | Passed |
| Vendor Review | Description | Comments |
| Ongoing Monitoring (reporting, audits, monitoring, reviews) | Reviewed audit frequency and findings | Passed |
| On Boarding (Questionnaire, Contract Review, Background checks, References) | Policy Exists Reviewed audits and frequency | Passed |
| Vendor Agreement | Reviewed agreements of TPPPs and ODFIs | Passed |
| Compliance Management Program | Description | Comments |
| Oversight | Reviewed organizational structure, authority, and personnel | Passed |
| Monitoring | Reviewed monitoring programs for adequacy and frequency | Passed |
| Training | Reviewed training programs | Passed |
| Complaint Management | Reviewed program, system to manage, and inability to edit | Passed |
| Written Policies and Procedures | Policy Exists Procedure(s) Exists | Passed |
| Public Internet Search | Description | Comments |
| Vendor Name/Keyword | Performed searches and examined all posts | Acceptable results |
| CFPB Complaint Database | Examined CFPB complaints, resolutions, and response timing | Passed |
For more information on how our services can benefit your organization contact us at (877) 350-9933 X2 or sales@vpcs.biz
