Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

When Is A Title Policy Unnecessary? Uninsured Title Products For Lenders

May 03, 2018 Due Diligence, Title Related Topics Something

Is an insured title product with a corresponding title policy always required for a lender’s purposes? Is it always required to pay that premium? The answer is:  it depends. So when is an uninsured title product OK? When is a title policy unnecessary? Lender title products usually come in three variables, depending on the lender’s risk considerations. An “Update” product, which is just what it sounds like, an update…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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California SB 2 Update On Varying County Requirements

January 11, 2018 UCC, Legislation, Due Diligence, Title Related Topics Something

As California SB 2 has been rolled out, its implementation has created varying applications county to county. All of you recording documents in California counties are very aware of this new reality. Here’s a quick look at what SB2 is and what it does. To further assist you, below are updates and requests from various County Recorders regarding California SB 2. I. The below counties require a wet signature, under penalty of perjury,…READ MORE

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Real Property Title Searches Defined

June 15, 2017 Due Diligence, Title Related Topics Something

What is an Owner and Encumbrance Search? What is the difference between an Owner and Encumbrance Search and a Full Title Search? How about a Real Property Asset Search or an Easement/Boundary Dispute Search, what are they? If you’ve ever wondered about any of these questions, read on for Real Property Title Searches Defined. Owner and Encumbrance Search – Title reports which support and limit reported research to current ownership…READ MORE

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Federal Tax Liens Out Of Credit Reports And Related FICO Scores

May 04, 2017 Due Diligence, Title Related Topics Something

Equifax, Experian and TransUnion , the three major national credit reporting agencies, will implement new standards for their data collection pertaining to public record data, notably regarding federal tax liens and civil judgments. This implementation is set for July 1, 2017. In general, the agencies will no longer collect and utilize public record data unless specific minimum information is present, including social security numbers…READ MORE

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Uninsured Title Products For Lenders—When Title Insurance Is NOT Needed

February 16, 2017 Due Diligence, Title Related Topics Something

As a lender, do you always need an insured title product with a corresponding title policy? Do you always need to pay for that premium? The answer is:  it depends. But in which situations might a title policy be unnecessary? Lender title products usually come in three variables, depending on the lender’s risk considerations. An “Update” product, which is just what it sounds like, an update to a previously issued policy…READ MORE

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Leasing Space For Your Business? Be Sure You Do This One Thing!

January 12, 2017 Title Related Topics Something

You’re going to do it! You’re buying that business, or you’re starting a new one, and you need a location. You do your research, you measure the pros and cons and apply it to your situation, and determine (let’s say) that leasing a space for your business is the way to go. We’ve all heard horrible stories of tenants signing leases they have regretted, perhaps rushing in to something before fully vetting the opportunity. So…READ MORE

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Top Ten Things To Look For In A Title Search Company

January 05, 2017 Tips, Title Related Topics Something

Creating a title report is a complex and detailed process. It requires experience and industry expertise to craft a comprehensive report that you can trust to assist you in making decisions. Here's a look at the top ten things to consider when you choose a title search company to help you. Reliability Does your search company keep their word? Do you get your reports when promised? Do they have errors & omissions insurance? …READ MORE

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First Corporate Solutions to Sponsor Bulk Sale Class, Exhibit at California Escrow Association’s 59th Annual Education Conference

October 21, 2014 Title Related Topics, Event Something

FCS will host an exhibit at this year's disco themed "Don't Stop Believing" CEA conference, as well as sponsoring and presenting company news and information at the bulk sale session. The conference runs October 23-25 at the Hilton in Costa Mesa, with the bulk sale presentation taking place Saturday at 8:30AM. FCS will host booth #15 and will offer information on the available products and services, conference swag and a prize drawing. The…READ MORE

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Will a lender’s notation of its lien on a certificate of title for a vehicle always perfect the lender’s security interest?

July 17, 2014 UCC, Reduce Financial Risk, Title Related Topics Something

We continue our guest blog series with commercial lending attorney Bennett Cohen of the law firm Cohen, Salk & Huvard, P.C. You may also want to check out his eBook: Important Revisions To Article 9′s Rules Regarding Individual Debtors. Perfection in Titled Vehicles: Will a lender's notation of its lien on a certificate of title for a vehicle always perfect the lender's security interest? Answer: No. The general rule is that…READ MORE

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