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.
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.
What does it take to create a long-term, successful business partnership with your customers? The kind of partnership that survives economic ups and downs and continues delivering benefits over many years, or even decades?
The presentation looks at five things that a lender simply cannot afford to miss when managing their lien portfolio. If they are addressed properly, a lender can confidently perfect their interest in a loan. McAlister Bary’s presentation will take place on Saturday, September 29, 2018 at 1:15 PM during the CBAI event held at the […]
Here we share five things that a lender simply cannot afford to miss when managing their lien portfolio. If they are addressed properly, a lender can confidently perfect their interest in a loan. For more on this topic, download the complete eBook. 1) Naming wrongs Even the smallest difference can cause a mountain of problems. […]