We are an established AMC with an expansive list. We already have staff for vendor management. Does SELECT™ replace that function?
Created by: Steve Grabowski
Modified on: Fri, 25 Aug, 2017 at 12:35 PM
No, but it will surely help to reduce costs. You will need fewer dedicated full-time employees (FTEs) in that function. With the implementation of Dodd Frank and fees associated with the number of appraisers on your fee panel, it is exceedingly meaningful to “right size” your fee panel. What was yesterday’s marketing advantage is tomorrow’s operational nightmare.
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