Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

Lien Monitoring Only at the State? It’s Risky

April 19, 2018 UCC, Due Diligence, Reduce Financial Risk, Lien Monitoring Something

When evaluating lien monitoring programs, programs that are designed to monitor your Financing Statements for lien filings that can prime your perfected security interest, it is important to recognize that many states do not maintain records of Federal Tax Liens or Judgment Liens Attached to Real Property at the state-level filing office. Nevertheless, these liens have the potential to prime a perfected security interest. That’s why,…READ MORE

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Equipment Finance and PMSI: A Unique Relationship

April 05, 2018 UCC, Online UCC System, Due Diligence Something

Equipment finance or leasing is a lending type that specializes in lending on specific collateral.  Equipment finance companies can vary greatly and tend to specialize on specific industries and often tend to be manufacturers (farm equipment, medical and dental equipment, freight, industrial equipment, etc.). One product that is unique to this industry is purchase money security interest packages, or PMSI.  A PMSI filing will allow…READ MORE

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Can A Terminated UCC Not Really Be Terminated?

March 29, 2018 UCC, Online UCC System, Due Diligence, Reduce Financial Risk Something

Can a terminated UCC not really be terminated? The Uniform Commercial Code says terminated UCC filings are no longer effective. So how can a terminated UCC not really be terminated? There are two scenarios. When the UCC record contains more than one secured party of record. When there is more than one secured party for a single UCC, any of the secured parties can file a termination statement on behalf of all the secured parties.…READ MORE

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Choose The Right API For UCC

March 22, 2018 UCC, Online UCC System, Product Update, Due Diligence, Reduce Financial Risk Something

Your growing UCC portfolio is a sign of your success. To support it, perhaps it’s time to consider upgrading your UCC Portfolio Manager by installing an API for UCC, an enhancement that consolidates your UCC management into one single system. Designed specifically to streamline and simplify your UCC processes and scale with your success, API for UCC gives you the power to manage your growing UCC portfolio efficiently while freeing you…READ MORE

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Checklist: Choose The Right Title Search Company

March 15, 2018 Due Diligence, Reduce Financial Risk, Tips, Title Related Topics Something

When you need a title search, there is a checklist of vital questions to consider before choosing a title search company to fulfill your title search need. Title reporting is an intricate and detailed process. To accurately inform your decision making,  experience and expert know-how are required to craft a comprehensive report worthy of your trust. So what should you look for in a Title Search Company? Reliability - Is the Title…READ MORE

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Tips For Lien Searching: Who, What, Where

February 28, 2018 UCC, Online UCC System, Due Diligence, Reduce Financial Risk, Tips Something

Your due diligence calls for lien searches. Who should you target? What lien types should you search for? Where should you search for them? These are all fundamental questions whose answers help you better uncover your prospect’s financial situation and better evaluate their credit worthiness. You know it’s important to search the public record, to uncover existing financial obligations and encumbrances, to learn and know a prospect’s…READ MORE

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Avoid Rejections On Your UCC And Corporate Filings

February 22, 2018 UCC, Corporate, Due Diligence, Tips Something

You’ve done your due diligence. Your ducks are all lined up. Now you just need to file your UCC and/or corporate documents. It’s just a technicality, right? The heavy lifting is done. And then your filing gets rejected! What happened? It could be any number of things, depending on the filing office you’re interacting with, but one thing is for sure:  rejected filings cost secured parties time and money. Below are some tips…READ MORE

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Are All API For UCC Alike?

February 08, 2018 UCC, Due Diligence, Reduce Financial Risk Something

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

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API for UCC – Enhance Compliance And Streamline Workflow

February 01, 2018 UCC, Online UCC System, Product Update, Due Diligence, Reduce Financial Risk Something

Are you a secured party? Want to improve and streamline your UCC perfection process? You can! Enhance your compliance practices by eliminating the need to re-enter UCC information, and streamline your workflow by minimizing keystrokes, all at the same time. How? With Direct B2B Interfaces for UCC transactions…API for UCC. This technology allows you to connect your business line software directly to reliable, fast, and accurate…READ MORE

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Tips To Determine Your Corporate Name Nationwide (Part II)

January 25, 2018 Corporate, Due Diligence, Tips Something

This is Part II of our two-part blog on Corporate Names:  Tips To Determine Your Corporate Name Nationwide. We re-posted Part I in last week’s blog that discussed Corporate Name Availability in more detail. Today we share some tips on Name Reservation vs. Name Registration. Name Reservation. This is generally a document and filing fee submitted to a Secretary of State office, or just a fee paid. A Name Reservation can hold your name…READ MORE

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