July 2019 - Lien Solutions

Financing the future of auto lending

Written by Lien Solutions
Date July 2019

Because of our unique position in the vehicle finance sector, we have had the opportunity to witness some fascinating trends in the vehicle purchase and usage process, driven in large part by today’s younger generations.

 

Insight Into Your Lien Portfolio to Mitigate Risk

Written by Lien Solutions
Date July 2019

No one can predict the future, including lenders. Therefore, it is crucial to be diligent about maintaining lien perfection today. In the event that debtors default on their loans, lien perfection helps ensure that you are protected and losses can be recovered. Having clear insights into your individual debtors’ risks and across your portfolio help you maintain a healthy portfolio and reduce risk.

 

Title washing issue grows and lenders must protect themselves

Written by Marina Hardy
Date July 2019

Hurricanes, flooding, earthquakes and other natural disasters destroy billions of dollars’ worth of property in the U.S. annually. Motor vehicles are among the properties most often damaged beyond repair and considered unsalvageable in such situations. For those cars damaged by flooding that are repaired, new titles are issued reflecting that fact, so those seeking a bargain do so knowing the risk they take. If the car’s title is “washed” (title brand is removed or the real lienholder is concealed), the buyer—and possibly the lender—are none the wiser and could end up with a damaged or discounted vehicle on their hands. Underwriting an asset with the incorrect value may result in a total loss for a lender in case of delinquency or default.

 

Competing Security Interests

Written by Chris Altenbach
Date July 2019

Court finds that a searcher has to go to great lengths and not rely on the filing office’s own system.

Northside Elevator v. Ossmann, 2019 Wisc. App. LEXIS 302