Welcome to the new Lien Solutions blog – insights and resources to help professionals reduce risk and shape the future of their business. You’ll find articles on thought leadership, practical tips, and an exchange of ideas that drive innovation and better outcomes.
A lender that originates RV and marine direct purchase and refinancing loans in all 50 states & Puerto Rico had traditionally handled lien filing and ongoing management in-house, supported by a variety of lien service vendors spread across the jurisdictions where they did business. Like many lenders, the team faced the challenge of keeping up with demand. Even at maximum staffing levels, the requisite work could seem overwhelming for employees.
The road to a successful title management process is a difficult, complicated journey. The sheer number of different titling and registration laws among jurisdictions often function more like roadblocks than directions or guides.
There are plenty of reasons to be concerned about filing liens properly. The modern financial landscape is littered with potholes that can trip you up if you’re not careful. If lenders do not secure their asset because of an overlooked nuance, the ability to collect if something goes wrong is affected or completely compromised.
Artificial intelligence (AI) has been generating a lot of headlines lately, and for the right reasons. AI allows computing systems to process massive amounts of information and learn from that data without manual programming. This concept is also known as “machine learning”. Financial, regulatory, and compliance firms process massive amounts of information daily, and it […]
Priority #1 for lenders has always been to perfect their assets, and then to maintain the perfection of the asset portfolio over time. But every day brings changing circumstances that can impact the protections you’ve put in place, so lien portfolio management has to be an active, and proactive, effort.
Wolters Kluwer’s Lien Solutions is proud to announce that we have earned a Bronze American Business Award, in the category of “Service Department of the Year – Business Services”, as part of the 2018 Stevie® Awards.
It’s always been important for lenders not only to perfect their assets but to manage and maintain the perfection of their portfolios over time. Changing events and circumstances impact the protections that have been put in place, and it’s necessary to be diligent in addressing them.
As a lending professional, it’s your job to ensure your company’s assets are protected with each loan it makes. As we’ve learned in Lien Management – Not as difficult as you might fear and Monitoring and Auto Continuation of this lien management primer series, that can be a real test. However, we’ve also discovered it doesn’t have to be difficult if you find the right partner that can provide automated solutions and guidance to overcome challenges.
Carrie Dolezal, Product Manager at Wolters Kluwer’s Lien Solutions, will serve as a panelist in a discussion titled “Secured Transactions: Implementing XML Filing”, at the 41st International Association of Commercial Administrators (IACA) Annual Conference, May 6-10 in Charlotte North Carolina.
Here at Lien Solutions, we work with our customers every day to make due diligence easier to perform. While it can be a tedious task at times, there is a reason we place so much emphasis on this step in the lien management process, and another legal decision – In Solutions v. Success Grain, 2018 U.S. Dist. LEXIS 55684 – has made the reason for that emphasis even more clear.