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.
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.
Title washing continues to be a problem for lenders across the US. A title washing scandal made the news as recently as August 2019 when Illinois authorities uncovered a scam in which participants used fake “Release of Lien” documents to get clean titles, according to ABC 7. This form of fraud spikes after natural disasters like hurricanes and floods damage many vehicles — but it can happen anywhere, at any time.
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 […]
It’s your prerogative, as a lender, to learn as much as you can about a potential borrower’s finances before you offer terms and finalize a loan. You get this information through due diligence, which involves searching for claims on the person or business’s property. If you’re going to become their creditor, you want to make […]
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.