Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

First Corporate Solutions to Exhibit at the Nor-Cal Escrow Educational Conference

July 20, 2017 Event

First Corporate Solutions will exhibit at this year's 27th annual Northern California Escrow Conference, the Wild, Wild West of Escrow! The conference runs July 21-22 at the Marriott in San Ramon. FCS will host a booth and offer information on our products and services that support Bulk Sale Escrow Officers, including UCC search packages, UCC filing, title search and UCC recording and publishing. The conference will feature two days…READ MORE

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State-Level Only Lien Monitoring Programs Only Tell Part of the Story

July 13, 2017 UCC, Due Diligence, Reduce Financial Risk, Lien Monitoring

Once a creditor has filed a UCC Financing Statement and perfected their security interest, maintaining that priority position throughout the life of the loan becomes paramount. Many choose to employ lien monitoring programs which run interval searches on debtor names to check for any new filing activity, and then provide timely updates that alert creditors to potential threats that may jeopardize their ability to collect. Monitoring provides…READ MORE

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Tips To Determine Which Party Names To Search When Lien Searching

July 07, 2017 UCC, Due Diligence, Reduce Financial Risk, Tips

Searching the correct party and correct legal name is imperative when coordinating due diligence search efforts. It is important to search all names under which liens could be filed. This may seem simple and obvious, but keep in mind that liens, particularly involuntary liens like federal tax liens and judgment liens, could be filed under business names, individual names, aliases, nicknames, or even fictitious business names. So, how…READ MORE

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