News Archives - Lien Solutions

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.

 

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 […]

 

Lien Solutions wins bronze Stevie® Award

Written by Lien Solutions
Date May 2018
In News

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.

 

Illinois State Tax Lien Registry Should Change the Way You Do Due Diligence

Written by Lien Solutions
Date February 2018

By now you may have heard of the State of Illinois’s new State Tax Lien Registration Act (“STLRA”). This legislation affects your due diligence process and the filing location of Illinois State Tax Liens.

 

Blockchain 101 Part 3 – From Theory to Action

Written by Lien Solutions
Date January 2018
In News

Blockchain technology has a lot of promise to streamline and even revolutionize the processes in various financial applications.

 

Auto Loan Delinquencies are on the Rise – and that means more paperwork for lenders

Written by rvanko
Date December 2017
In News

Repossession affidavits are a part of recovering on a defaulted auto loan, yet they’re rarely discussed.  Here’s what you need to know.

 

Blockchain 101, Part II – Industries and Applications

Written by Nasser Ansari
Date November 2017
In News

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.

 

Blockchain 101 – Blockchain primer for finance and compliance Industry

Written by Nasser Ansari
Date November 2017
In News

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.

 

CT Lien Solutions is Now Wolters Kluwer’s Lien Solutions

Written by Lien Solutions
Date May 2017
In News

Change Reinforces Wolters Kluwer’s Commitment to Industry-Leading Compliance and Risk Management Solutions