Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

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

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

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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Judgment Lien Attached To Personal Property Can Prime A Perfected Security Interest

June 22, 2017 UCC, Due Diligence, Lien Monitoring Something

Of course you’re aware that a federal tax lien can prime your perfected security interest 45 days after filing, knocking your UCC from first priority position if you do not act to protect your perfected position. It’s Factoring/ABL 101. But what about a judgment lien attached to personal property? What impact can it have on your perfected security interest? Turns out it can prime your first position UCC just like a federal tax…READ MORE

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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

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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

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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

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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

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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

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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

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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

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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

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