Reduce risk with timely debtor info

Written by Lien Solutions
Date May 2019

A loan could be at risk for a variety of reasons. Here we look at the ways that debtor information could put the loan at risk.

 

Lien Solutions’ Carrie Dolezal to Present at 42nd IACA Annual Conference

Written by Lien Solutions
Date May 2019

Carrie Dolezal, Product Operations Manager at Wolters Kluwer’s Lien Solutions, will present on IACA (International Association of Commercial Administrators) XML Standards Revisions at the 42nd Annual IACA Conference, May 19-23, 2019 in New Orleans.

 

Agricultural loan creates dispute as to what constitutes a crop

Written by Chris Altenbach
Date May 2019

As the speed and volume of transactions in the agriculture space increases, manual processes can’t always keep up. To stay competitive and compliant, lenders must be able to run a lean, effective operation that controls costs and mitigates risk. The following (In re Ollis 2019 Bankr. LEXIS 1068) is an interesting look at what happens when collateral is defined in a way that can be ambiguous.

 

Bank and financial institution mergers and acquisitions

Written by Nasser Ansari
Date April 2019

The primary purpose of an M&A is to grow business, but improvements in operational efficiency and management of risk can be slower to come. After a merger, FIs typically integrate employees and infrastructure to avoid duplicate roles. Unfortunately, those changes in workforce and the system integration process could potentially delay loan processing and negatively affect […]

 

Should consignors perfect their security interest by filing a financing statement?

Written by Chris Altenbach
Date March 2019

The debtor, a distributor of bulk petroleum products, entered into a consignment agreement with IPC. Under the agreement, IPC delivered fuel to the debtor–consignee (“Pettit”) for sale to consignee’s customers. Pettit filed for bankruptcy. At the time of the filing of bankruptcy, Pettit had had some of the consignor’s unsold fuel on hand, as well as proceeds from sold fuel (cash and accounts receivables—that is balances owed by customers that had not yet been paid) and which had not yet been remitted to the consignor.

 

Manage Exception Lists Faster, Easier

Written by Marina Hardy
Date March 2019

Understanding and managing the status of the motor vehicle liens’ portfolio can be challenging. Often times, inconsistencies or issues end up on the “Exceptions List”, that is then addressed manually by following up with the borrower, calling DMV, searching and pulling reports from multiple jurisdictions and places. Time is money, and too much of it is often wasted on this manual, tedious work. In addition, different DMVs and jurisdictions have varying levels of requirements’ complexity. With all of these variables, exceptions create a long road to perfection.

 

Delivering speed and visibility to captive finance companies

Written by Marina Hardy
Date March 2019

With a rich, 50-year history of manufacturing tractors, Kubota relies on its network of over 1,100 dealerships to deliver tractors to farmers all over the U.S. As their customers depend on Kubota to get the job done, so Kubota depends on its dealers to properly complete customer transactions and secure liens.

 

Enabling Digital Transformation in Banking Backend Systems

Written by Marina Hardy
Date February 2019

In the face of the digital transformation, banks and credit unions face many challenges and constraints.

 

What to Watch for When Filing In-house, Part II

Written by Lien Solutions
Date February 2019

Where the real answer lies: Section 9-506 of the Uniform Commercial Code The court explained that, under Section 9-506, the variation of a debtor name on the financing statement is not considered seriously misleading if it is uncovered during a search of the full, correct name using the filing office’s standard search logic and while […]

 

Lien Solutions visits answers a beacon from The Lighthouse

Written by Lien Solutions
Date January 2019
In News

The Lighthouse is a nonprofit education and service center that assists blind and visually impaired people and gives them the tools they need to live independently. As a member agency of the United Way of Greater Houston, The Lighthouse serves around 7,000 people every year and is one of the nation’s leading rehabilitation centers providing […]