Risk Management Blog

So, you just discovered that your UCC Financing Statement has been fraudulently terminated by the debtor. You are likely wondering what comes next. Is there anything you can do to reassert your priority position and minimize your risk? Don’t panic, there are several ways you can address the situation. Here are a few options you may want to explore: Do nothing There are only a few instances where a debtor-authorized termination is… >> READ MORE

Last month, First Corporate Solutions began a four-part blog series devoted to providing our readers with tips for improving the turn-around time for lien searches. So far, we have discussed turning to online solutions for state-level UCC and lien searches, providing as much information as possible to vendors for manual search efforts, and for multi-search orders, instructing vendors to forward results as they are completed for each… >> READ MORE

Expert Tips on Lien Monitoring Programs The concept behind lien monitoring programs is that the sooner a creditor knows about a lien, the sooner they can act to protect their interests. These programs run updated interval searches on debtor names to check for any new filing activity, and then provide timely alerts to a creditor regarding potential threats. What follows is an overview of the various lien types creditors tend to include… >> READ MORE

Different loan types provide different risks and rewards. Once a UCC financing statement has been filed, different solutions are available to monitor collateral and assist secured parties in maintaining their perfected security interest. There are many lien types both voluntary and involuntary that, depending on jurisdiction, could potentially affect the perfected position, and Federal Tax liens are typically considered the most critical.… >> READ MORE

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 the… >> READ MORE