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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

International Factoring Association Conference Recap 2017

April 13, 2017 Lien Monitoring, Event Something

The International Factoring Association’s annual conference was held last week at The Omni Hotel in Ft. Worth, Texas, and First Corporate Solutions was proud to attend once again with friends, partners, familiar faces and new acquaintances. The IFA conference continues to be a leader in providing educational and networking opportunities to the factoring community and this year’s event delivered again. Although the weather…READ MORE


Tips To Maintain Your Perfected Security Interest

February 24, 2017 Reduce Financial Risk, Tips, Lien Monitoring Something

Considering all the effort and resources you put into qualifying your debtors and perfecting your security interests, it's good to know there are some excellent tools you can utilize to help maintain that priority and make your efforts pay off. Why go to all the trouble to investigate a potential new debtor’s credit worthiness, and decide to perfect your security interest by filing a Financing Statement in the correct jurisdiction, if…READ MORE


Free eBook: Lien Related Post Filing Due Diligence

October 07, 2016 UCC, Due Diligence, Lien Monitoring Something

As a lender, you need to know immediately if your customer is experiencing financial distress that could result in bankruptcy or debtor default. In this FREE guide you will find: Top 5 mistakes to avoid on UCC Financing Statements What a Search to Reflect can do for you When to file Continuation Statements Lien Monitoring Program options Importance of Name Variation discovery in monitoring programs Download this FREE…READ MORE


IRS Disables Online ‘Get Transcript’ Capability Due to Data Breach

June 04, 2015 Lien Monitoring Something

In an IRS statement last updated May 27, 2015, the IRS revealed “that criminals used taxpayer-specific data acquired from non-IRS sources to gain unauthorized access to information on approximately 100,000 tax accounts through IRS’ “Get Transcript” application. This data included Social Security information, date of birth and street address.” You can read the IRS’s full statement here. In response to this incident, the IRS has…READ MORE


Three Top Reasons Why Public Records Research is Essential for an Asset-Based Lender’s Due Diligence Process

May 14, 2015 Due Diligence, Lien Monitoring Something

In our continued focus on the importance of public records research to a secured party’s security interest perfection process, today we list three of the main reasons. So why is public records research essential to an Asset-based lender’s due diligence processes? 1. To determine priority before filing A public records search uncovers pre-existing liens (like Federal and State tax liens, Judgment liens and UCCs) which can prevent the…READ MORE


Choosing a Monitoring Solution that is Right for Factors & Asset-Based Lenders

January 22, 2015 Due Diligence, Lien Monitoring Something

As asset-based lenders and factors, you are aware that different loan types provide different risks and rewards, and as lenders and risk takers you look to capitalize on this fact. Because of the nature of your lending practices, there are specific solutions that have been designed to monitor a perfected security interest and assist secured parties in maintaining their perfected security interest once a UCC financing statement has been filed. Many…READ MORE


First Corporate Solutions Will Exhibit CADENCE Integrated Lien Monitoring at the CADENCE User Conference

October 17, 2014 Lien Monitoring, Event Something

It's that time of year again: The CADENCE User Conference is just a few days away! The conference kicks off Tuesday, October 21 and runs through 10/23  at the Sheraton Birmingham, Alabama. Here is the conference flyer. The conference, which has grown from a handful of CADENCE users into a substantial group of partners and vendors, will give Bayside Business Solutions partners a chance to discuss their various integrations with CADENCE,…READ MORE


Free eBook on Lien-Related Post Funding Due Diligence

September 16, 2014 Due Diligence, Reduce Financial Risk, Lien Monitoring Something

As a lender, you need to know immediately if your customer is experiencing financial distress that could result in bankruptcy or debtor default. In this FREE guide you will find: Top 5 Mistakes to Avoid on UCC Financing Statements What a Search to Reflect can do for you When to File Continuation Statements Lien Monitoring Programs Importance of Monitoring to Reveal Name Variations Download this free guide today!  READ MORE


Must the IRS file a notice of federal tax lien against the exact legal name of the borrower?

May 01, 2014 UCC, Lien Monitoring Something

Do you have questions about how your perfected security interest will be affected by a federal tax lien? Are you at risk to losing priority in regard to after-acquired collateral in the event a federal tax lien is filed against your debtor? Attorney Bennett Cohen of Illinois law firm Cohen, Salk & Huvard, P.C., gets asked questions like this all the time, and has taken the time to write some answers regarding federal tax liens. You…READ MORE


How to Choose a Monitoring Program for Asset-Based Lenders and Factors

April 03, 2014 UCC, Due Diligence, Reduce Financial Risk, Tips, Lien Monitoring, Event Something

In honor of the 2014 Factoring Conference, we compiled some of our favorite tips on choosing a lien monitoring solution, a service that all asset-based lenders and factors need to help mitigate risk. Here is a quick ‘stress test’ you can give your lien monitoring approach to see if it’s up to scratch. Does your lien monitoring program…   Quickly Alert You of Federal Tax Lien Filings? Many creditors consider Federal Tax Liens…READ MORE