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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

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


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


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


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


Single Extra Space Creates Seriously Misleading UCC Debtor Naming Error

September 15, 2017 UCC, Online UCC System, Due Diligence, Revised Article 9, Reduce Financial Risk, Tips Something

A recent court ruling in Wisconsin once again has affirmed the supreme importance secured parties must place on their data entry procedures when naming debtors on financing statements to perfect their security interests. A recap of the case can be found here. Once again, a typo in the debtor name created a UCC filing that was judged to be seriously misleading, and therefore left the secured party’s security interest with the debtor…READ MORE


Is Big Tech, Not Fintech, Causing The Greatest Disruption To Banking?

September 01, 2017 Due Diligence, Reduce Financial Risk Something

This was explored in a published report last month by the World Economic Forum. The World Economic Forum, an independent international organization and Swiss non-profit foundation that “engages the foremost political, business and other leaders of society to shape global, regional and industry agendas,” recently published their report Beyond Fintech:  A Pragmatic Assessment Of Disruptive Potential In Financial Services (download…READ MORE


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


Tips To Determine Which Party Names To Search When Lien Searching

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

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


Secured Party Searches and Secured Party Representatives—Cause And Effect

March 16, 2017 UCC, Reduce Financial Risk Something

In our last two blog posts, we discussed what a secured party search is and how it is utilized to expose a secured party’s customer list, and also what a secured party can do to protect that customer list. Lenders rely on security interests to manage their risk and perfect their security interests by filing UCCs, but this process puts their client list in the public record; every debtor on a UCC is that secured party’s customer! With…READ MORE


Listen Up UCC Filers-Protect Your Customer List From Competitors

March 03, 2017 UCC, Reduce Financial Risk Something

Does it seem sometimes seem like your competitors have a copy of your customer list? Well, they just might. “No way!” you say. “How did that happen?” It’s easier than you might think. Every time a secured party perfects a security interest by filing a financing statement, one result of that filing is to reveal the secured party’s debtor, its customer, in the public record. And, just like one can search a Secretary of…READ MORE