Tips To Maintain Your Perfected Security Interest
February 24, 2017
Reduce Financial Risk, Tips, Lien Monitoring
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
Uninsured Title Products For Lenders—When Title Insurance Is NOT Needed
February 16, 2017
Due Diligence, Title Related Topics
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
API For UCC — Enhance Compliance And Streamline Workflows
February 10, 2017
UCC, Due Diligence, Reduce Financial Risk
Are you a secured party? Want to improve and streamline your UCC perfection process?
Now 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.
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
Missing Liens In Your Search Results? The Cure May Be Broad-Based Debtor Name Searches
February 02, 2017
UCC, Online UCC System, Reduce Financial Risk
You have many options to perform a UCC lien search. There are certified searches that come directly from the filing office, state direct database searches that are available on a state’s website, and proprietary search systems that private service companies build and maintain. A while back, First Corporate Solutions published a blog series on evaluating state search options in which we discussed the benefits and drawbacks of each of these…READ MORE