Are All API For UCC Alike?
February 22, 2019
UCC, Due Diligence, Reduce Financial Risk
In a word, no.
The emergence of API for UCC with its increased efficiency and enhanced compliance capability has already occurred and the implementation is spreading. UCC data and portfolio management providers have moved quickly to develop API for UCC and it is now another technology driven differentiator added to their UCC due diligence packages.
Much like how UCC portfolio managers and search engines vary in effectiveness and efficiency,…READ MORE
Find Missing Liens Using Broad-Based Search Logic
February 08, 2019
UCC, Online UCC System, Reduce Financial Risk
You have many options to perform a UCC 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. One of the primary benefits of using the proprietary search system of a service company is the use of broad-based search logic.
What is broad-based name searching?
Equipment Finance and PMSI
February 01, 2019
UCC, Online UCC System, Due Diligence
Equipment finance or leasing is a lending type that specializes in lending on specific collateral. These companies tend to specialize in financing industries like farm equipment, medical and dental equipment, freight, and other industrial equipment.
One product that is unique to this industry is purchase money security interest packages, or PMSI. A PMSI filing will allow a lender to take a priority position on a specific piece of equipment…READ MORE