Risk Management Blog

We are pleased to announce that we have released Indiana to our online search system. Active users can log on now to www.ficoso.com and search our reliable state-direct Indiana data complemented by an expansive library of clear, downloadable document images. Utilize our broad-based search engine to locate liens by debtor name or file number, then use our unique sorting and filtering features to create a customized search result,… >> READ MORE

This month, First Corporate Solutions decided to take to the blog to answer a few of our most commonly asked questions regarding UCC filings. Each week we have been posting 2-3 questions posed by First Corporate Solutions customers and prospects. This week represents our final blog post in the UCC Filing Questions Series. Here are this week’s questions and answers: Question: I’ve noticed that some states insert zeroes or a… >> READ MORE

As 2011 draws to a close, First Corporate Solutions is taking to our blog to offer suggestions for how our readers can decrease their spending for due diligence related tasks in the upcoming year. Last week, we discussed strategies for reducing the costs for lien searches while this week we tackle UCC filings. Herein, we share a couple of simple changes you can make to reduce your UCC filing costs. File Electronically One of the most… >> READ MORE

When performing lien searches as part of a pre-funding due diligence investigation, it is critical to have the results of your search in hand as soon as possible. Competition for deals is fierce and borrowers are looking for quick funding solutions. Slow turn-around time for lien searches can extend your funding cycle and can frustrate prospective clients. This week, First Corporate Solutions begins a four part blog series where we will… >> READ MORE

As you may have heard, First Corporate Solutions recently released Wisconsin to our online search system. To coincide with the launch, we thought it would be interesting to share a behind the scenes look at the kind of analysis we perform before bring a new search state online. First Corporate Solutions is committed to providing our customers with anytime, anywhere access to the highest quality, most up-to-date search data available.… >> READ MORE

Having a rapid turn-around time for your pre-funding lien searches is important. Borrowers are looking for quick funding solutions and slow turn-around time for lien searches can extend your funding cycle, frustrating prospective clients and tarnishing your reputation in the industry. Earlier this month, First Corporate Solutions began a four-part blog series devoted to providing our readers with tips for improving the turn-around time for… >> READ MORE

Slow turn around for lien searches can be frustrating and cause problems for lenders who are competing for big deals. Now more than ever, borrowers are looking for quick funding solutions. Slow turn-around time for lien searches can extend your funding cycle and discourage prospective new clients. Earlier this month, First Corporate Solutions began a four-part blog series devoted to providing our readers with tips for improving the turn-around… >> READ MORE

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

Figuring out how to describe the collateral on a UCC Financing Statement to best protect your interests can be confusing. In fact, one of the most common questions FCS hears from customers and prospects is "What collateral language should I use on my UCC filing to make sure we’re protected?" Bradley B. Clark answers that question and more in this webinar presentation. >> READ MORE

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