What Vendorly does

Vendorly is a cloud-based SaaS third-party risk management (TPRM) platform that helps regulated financial institutions manage vendor oversight, due diligence, and ongoing monitoring obligations. Founded in 2016 and headquartered in Atlanta, the company is a wholly-owned subsidiary of Altisource and primarily serves banks, mortgage lenders, community banks, and investment advisors subject to OCC, CFPB, FDIC, FTC, FFIEC, and SEC Rule 206(4)-11 supervision. Its stated value proposition is reducing vendor oversight cost while helping clients meet regulatory compliance through a centralized, configurable platform.

The product is delivered as a modular suite built around a core SaaS platform, with six integrated modules: Vendor Management, Contract Management, Due Diligence Reviews, Third Party Originator (TPO) Oversight, Automated Risk Assessment, and Mortgage Banking Employee Background Checks. Underlying technical components include automated data collection bots that aggregate vendor intelligence from CFPB complaint databases, the Better Business Bureau, and OFAC; native integrations with TIN Check, LexisNexis, Oracle, and Global DMS; and a curated network of over 74,000 vetted third-party service providers used to accelerate due diligence on new engagements. The TPO Oversight module is described as award-winning within the mortgage industry. A complementary vendor benefit, the Lessen Marketplace, provides vetted vendors with procurement discounts on over 20,000 products.

Vendorly operates a risk-based subscription pricing model with multi-year contracts, where pricing scales with the level of oversight required for each vendor, combined with adjacent professional services for vendor onboarding, vetting, and ongoing oversight. Its go-to-market motion is sales-led, with enterprise field sales and "Request a Demo" CTAs targeting regulated buyers, supplemented by a self-serve SaaS channel for mid-market customers. The company maintains a modest headcount of 11-50 employees and does not publicly disclose its revenue, funding, or cap table details as a private subsidiary.

Name

Vendorly

Legal name

Vendorly

Website

https://vendorly.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Vendorly is a cloud-based SaaS third-party risk management platform serving financial institutions, mortgage lenders, banks, and investment advisors, helping them meet regulatory vendor oversight obligations through modular due diligence, contract management, automated risk assessment, and monitoring tools.

Ownership category

akta.pro rank

Product category

Third-Party Risk Management Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Third-Party/Vendor Risk Management (TPRM/VRM) (HDADAIAE)

akta.pro secondary industries

Third-Party/Vendor Risk & Due Diligence (TPRM, continuous monitoring) (FSAGAFAJ), Vendor & Contract Management (Software/Cloud) (BPAEAOAD)

Keywords

• Vendor risk management
• Third-party risk management
• Vendor compliance
• Due diligence software
• Contract management

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Platform Subscription: Subscription-based SaaS platform pricing model built around the idea that no two vendors are the same, meaning they require different levels of oversight. Critical vendors with access to sensitive consumer data require a high level of oversight and ongoing monitoring, and are priced accordingly. Lower-risk vendors require an initial examination and offer various pricing options.
2. Professional Services: Professional services for vendor onboarding, vetting, oversight, and maintenance provided alongside the SaaS platform to help clients reduce vendor oversight costs and meet regulatory obligations.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Vendorly operates a cloud-based SaaS third-party risk management (TPRM) platform that serves as a centralized repository for vendor onboarding, vetting, due diligence, contract management, automated risk assessment, TPO oversight, and employee background checks. The platform is paired with professional services to help financial institutions, mortgage lenders, and investment advisors meet vendor oversight and regulatory compliance obligations.

Product overview

Vendorly is a modular SaaS-based third-party risk management (TPRM) and vendor compliance platform designed for financial institutions and regulated industries. The core Vendorly SaaS Platform serves as a centralized, configurable repository and workflow engine, supplemented by six integrated modules: Vendor Management (onboarding, vetting, maintenance), Contract Management (central repository with renewal alerts and spend analytics), Due Diligence Reviews (questionnaires and verifications including OFAC, CFPB, BBB, W-9, licenses, and insurance), TPO Oversight (award-winning Third Party Originator vetting and monitoring for mortgage lenders), Automated Risk Assessment (self-service risk scoring and real-time dashboards), and Mortgage Banking Employee Background Checks (annual rescreening including OFAC, NMLS, SAM, HUD LDP, and criminal records). The platform also includes the Lessen Marketplace, a complementary discount program providing vendors access to 20,000+ products at up to 50% savings. Vendorly is a subsidiary of Altisource.

Differentiator

Problem solved

Functional benefit

Products and services

• Vendorly SaaS Platform

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature8 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• CFPB (Consumer Financial Protection Bureau)coreTechnology or IntegrationIntegration partner providing complaint data access. Vendorly's platform integrates with CFPB databases to gather vendor compliance information for due diligence and ongoing monitoring.
• TIN CheckcoreTechnology or IntegrationIntegration partner for validating vendor tax information. Helps verify vendor W-9 forms and tax identification details during onboarding.
• OFAC (Office of Foreign Assets Control)coreTechnology or IntegrationIntegration partner for conducting sanctions screening. Platform performs OFAC searches to check vendors against Specially Designated Nationals list.
• LexisNexiscoreTechnology or IntegrationIntegration partner for assessing vendor financial stability and conducting comprehensive background checks on vendors.
• OraclecoreTechnology or IntegrationIntegration partner for enterprise software connectivity. Platform integrates with Oracle systems for enhanced vendor data management.
• Global DMScoreTechnology or IntegrationIntegration partner for settlement agent risk ratings validation. Helps mortgage lenders assess and monitor settlement agent risk in the lending process.
• Lessen MarketplaceminorGTM or Marketing PartnerExclusive partnership offering Vendorly vendors access to Lessen Marketplace with pre-negotiated prices on over 20,000 products, services, and materials including appliances, HVAC, paint, plumbing, lighting, and more. Vendors can save up to 50% off retail pricing from suppliers like Lowe's, Goodman, Office Depot, Sherwin-Williams, Delta, Whirlpool, Moen, and PPG.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Prevalent: Prevalent is a focused TPRM SaaS platform offering vendor assessments, continuous monitoring, and due diligence — directly comparable to Vendorly's vendor risk management and due diligence modules for regulated enterprises.
• ProcessUnity: ProcessUnity provides a TPRM and vendor risk management platform used by financial institutions for onboarding, due diligence, and ongoing monitoring — competing head-to-head with Vendorly's core SaaS offering.
• OneTrust: OneTrust's Third-Party Risk Management module offers vendor onboarding, assessments, and monitoring within a broader trust intelligence platform, directly overlapping Vendorly's TPRM capabilities at regulated enterprises.

Broad incumbents

• NAVEX Global: NAVEX Global is an established GRC, ethics, and compliance platform with TPRM capabilities, serving large banks and financial institutions — a broader incumbent that competes with Vendorly's compliance-led positioning.
• RSA Archer (Archer, an RSA Business): RSA Archer offers an enterprise GRC platform with integrated vendor risk management modules used by large financial institutions, competing with Vendorly at the upper end of the regulated-enterprise market.
• ServiceNow TPRM (ServiceNow GRC): ServiceNow's Integrated Risk Management and TPRM modules bundle vendor risk into a broader enterprise workflow platform — a broad incumbent alternative for large banks and mortgage lenders evaluating Vendorly.
• Resolver (Kroll): Resolver, owned by Kroll, offers an enterprise GRC and vendor risk management suite used by financial institutions — a broader incumbent that competes with Vendorly in the regulated TPRM space.

Emerging players

• BitSight: BitSight provides continuous vendor cyber and risk monitoring used by financial institutions for third-party due diligence, overlapping with Vendorly's automated risk assessment and ongoing monitoring capabilities.
• Whistic: Whistic is a TPRM platform focused on proactive vendor security assessments and a vendor exchange — a comparable niche SaaS targeting similar financial-services and regulated buyer segments.
• LogicGate Risk Cloud: LogicGate's Risk Cloud offers configurable TPRM and GRC workflows used by mid-market and enterprise customers, providing comparable onboarding, due diligence, and monitoring functionality to Vendorly.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/govendorly
• LinkedInlinkedin.com/company/vendorly

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vendorly