Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

Watch Out For County-Level Lien Searching in Proprietary Online Search Systems

August 31, 2013 UCC, Services / System Update, Online UCC System, Due Diligence

As we have discussed here on the FCS blog in several posts, one of the main things to consider when deciding whether to use a proprietary online search system is the source of the data. In short, there are two sources from which a private service company can purchase UCC and Lien data for their online search system. The first is directly from the state, which is the most accurate and up-to-date information; the second is from a third party…READ MORE

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Broad Based UCC and Lien Name Searching: What is it? Why is it Important?

August 22, 2013 UCC, Due Diligence

There are many options available for those looking to perform a UCC and lien search. There are certified searches that come directly from the filing office, state direct database searches that are available on a state’s website, and proprietary search systems that private service companies build and maintain. A while back, First Corporate Solutions published a blog series on evaluating state search options where we discussed the benefits…READ MORE

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FCS Legislative Watch – Have You Heard about Senate Bill 391 That Seeks to Impose Additional Charge on Recorded Documents?

August 16, 2013 Legislation

CA Senate Bill 391 Seeks to Impose $75 Additional Charge on Recorded Documents First Corporate Solutions (FCS) wants to help raise awareness that a bill is now working its way through the California State Legislature that could prove costly to those in the public records, escrow, title, and lending communities. If passed, CA Senate Bill 391 would enact the California Homes and Jobs Act of 2013 which seeks to raise funds for affordable…READ MORE

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Watch Out For Third Party Data in Proprietary Online UCC Search Systems

August 12, 2013 UCC, Online UCC System

To build a proprietary online search system, a service company must first purchase UCC and lien data. Many searchers are unaware that the source of a system’s online data can have a tremendous impact on their final results report. This article discusses some key differences between state direct and third party UCC and lien data. In many states, the state filing office makes their UCC and lien data available for purchase. In these states,…READ MORE

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First Corporate Solutions to Launch their New Online Due Diligence System with 30+ New Features

August 02, 2013 UCC, Corporate, Online UCC System, Due Diligence

Exclusive to our blog readers, we are giving you a sneak preview of our new online due diligence system. First Corporate Solutions’ new online system for UCC filing & portfolio management, lien searching and account monitoring has the tools you need to perfect and maintain your security interests with ease. Our system simplifies your daily processes by providing secure online access that allows you to perform searches, prepare and…READ MORE

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