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.
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.
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 […]
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.
Repossession affidavits are a part of recovering on a defaulted auto loan, yet they’re rarely discussed. Here’s what you need to know.
Imagine you are an asset-based lender. After the loan closes you have constant visibility of the underlying asset (a tractor, for example) throughout its lifecycle. You are able to track the value of the asset and automatically feed it into your loan portfolio that constantly analyzes risk. If the value falls below a threshold the system automatically triggers previously agreed-upon adjustments in the contract minimizing the risk to your lending portfolio.
By now you have probably heard about blockchain and its effects on the financial sector. The technology continues to receive widespread attention, mostly due to Bitcoin, the first large-scale implementation of blockchain technology. Equity-based investment in blockchain pure-plays outside of traditional financial companies has grown to more than US $1 Billion this year.