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.
By Suzanne Konstance, Vice President Product Management and Marketing
A version of this article was originally published in American Banker’s Association Journal Online, June 2020
The Main Street Lending Program (MSLP) is available until September 30, 2020, for businesses impacted by the COVID-19 pandemic. The Federal Reserve program is designed to help businesses with their capital needs to weather the challenges posed by the pandemic recovery. Due diligence and public records filings play an essential role as businesses take on additional debt through government programs during economic difficulties.
As we learn more about COVID-19 and its impact on individuals and businesses across the country, it’s clear the novel coronavirus is more than just a health crisis. Unfortunately, the pandemic has also created significant economic disruption for many industries and sectors, impacting organizations that are integral to the economy. Recognizing the challenges small- and medium-sized businesses face obtaining credit in this environment, the Federal Reserve (“Fed”) created the Main Street Lending Program.
While Wolters Kluwer Lien Solutions is prepared with contingency measures to support our customers through the COVID-19 situation, clients may experience delays in order processing driven by changes at the jurisdictions. Jurisdiction delays would result in an impact to the entire market, however, we will continue to do our best to mitigate any impact to […]
Paper titles are cumbersome and inefficient. States have different requirements regarding who must keep the documents, many vehicle owners lose the paperwork and making changes can be time-consuming and expensive. You want to encourage car and truck owners to complete the title and registration process to secure your lien and prioritize your interest over other […]
The process of issuing a loan is manual, lengthy, and thankless: margins for most lenders are razor-thin. Pricing—and therefore value—is often disconnected from risk. That means that cost must be squeezed out of every part of the loan process. Further, there’s just too much capital in the economy today. Consider that there are 5,000 banks […]
The world of banking is in the midst of a massive paradigm shift. Disruption has been at work on the consumer and retail banking side for quite some time and the effects are now permeating into the commercial space.
Managing and tracking your loan portfolio can be time-consuming on a typical day, much less when volumes spike. Add to that the pressures of tighter deadlines, increased audits, and ever-changing county rules, and your team can become overstretched and your process prone to errors and rejections. Real Property Recording From Painful to Productive Making improvements […]
The landscape of commercial and residential mortgage lending has never been so varied or so regulated. In spite of the possibility of some recent regulations being relaxed, it’s still important to pay attention to the details. The right questions will lead to the right answers, and remember: due diligence is always your friend.