APIs (Application Programming Interfaces) For UCCs—It’s A Big Deal (Part I)
UCC, Online UCC System Something
Are you a secured party? Do you perform lien searches, file UCCs and then monitor your perfected security interests to maintain priority? Solutions to streamline and improve UCC perfection processes continue to evolve and continue to improve your searching, filing and monitoring experiences.
The latest? Application Programming Interfaces, aka APIs, are now center stage. You’ve heard the term probably, API. But what is an API anyway?
Here’s… >> READ MORE
Missing Liens In Your Search Results? The Cure May Be Broad-Based Debtor Name Searches
UCC, Online UCC System, Reduce Financial Risk Something
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
Tips For Lien Searching: Who, What, Where
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
Choose The Right API For UCC
UCC, Online UCC System, Product Update, Due Diligence, Reduce Financial Risk Something
Your growing UCC portfolio is a sign of your success. To support it, perhaps it’s time to consider upgrading your UCC Portfolio Manager by installing an API for UCC, an enhancement that consolidates your UCC management into one single system. Designed specifically to streamline and simplify your UCC processes and scale with your success, API for UCC gives you the power to manage your growing UCC portfolio efficiently while freeing you… >> READ MORE
True Value of Customer Service
UCC, Corporate, Registered Agent, Online UCC System, Due Diligence Something
Want to talk to a live person…need to talk to a live person? How many are you required to speak with, and repeat your story, before you finally get want you want and need (hopefully)?
Perhaps you can login to a website and hunt answers to your questions, utilizing help desks and live chats, very useful depending on the issues’ complexities, or lack thereof.
But even for login credential relationships, the true value of Customer… >> READ MORE
Secured Party Liability for Failure to File Timely Terminations
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Can a secured party be liable for failure to file timely finance statement terminations?
According to Section 9-625 of the Uniform Commercial Code, yes. There can be secured party liability for failure to file timely terminations.
But first, let’s take a step back.
In Article 9-513, the section of the Uniform Commercial Code that regards Termination Statements, the below is found under subsection 9-513(b) to address how long a… >> READ MORE
Drawbacks of a Certified UCC Search – FCS Greatest Hits #6
UCC, Online UCC System, Due Diligence, Revised Article 9 Something
The final installment in our Greatest Hits blog series covers state certified UCC searches, aka UCC11s. There are times when you might want to request a certified search, they do serve a purpose. But, because of their oftentimes narrow search logics which can inhibit a searchers ability to uncover name variations, thorough due diligence typically requires utilizing a broad-based search solution that is designed to uncover and include… >> READ MORE
Equipment Finance and PMSI: A Unique Relationship
UCC, Online UCC System, Due Diligence Something
Equipment finance or leasing is a lending type that specializes in lending on specific collateral. Equipment finance companies can vary greatly and tend to specialize in specific industries and often tend to be manufacturers (farm equipment, medical and dental equipment, freight, industrial equipment, etc.). With this being said, there are options such as buying used equipment instead of having to take them out on finance. Especially if… >> READ MORE
Staying Competitive in Today’s Factoring Market
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We welcome Asonia Credit Data to our blog today to discuss ways to stay competitive in today's factoring market.
The factoring market is expanding rapidly, with an almost daily addition of new players. This steady influx of entrants has created a more competitive factoring market, with lower rates and tighter margins. Today, you have to do more with less income just to stay in the game.
Lowering Costs Is Key in a Competitive Factoring… >> READ MORE
UCC Paper Filings No Longer Accepted by New Jersey Secretary of State Effective July 1, 2015
UCC, Online UCC System Something
Effective July 1, 2015, the state of New Jersey will no longer allow for UCC paper filings and electronic filings will be required. In addition to this change, it is important to note that establishing priority will be an issue as UCC filings will no longer be stamped with the time at which the filing was accepted.
Further changes to the UCC process in the state of New Jersey regarding collateral and secured party naming to perfect a… >> READ MORE