Factors
UCC Solution for Factoring Professionals
Streamline your UCC search and filing to perfect and protect your lien position and quickly close transactions with confidence and ease.
Making complex simple for factoring professionals
In the competitive world of factoring, you need to act quickly to secure your lien position and maintain priority if a borrower defaults. That’s why we’ve designed our UCC portal to provide you with the most timely, accurate public records data available from all 50 states, all within a single, easy-to-use portal.
Easily search a business entity’s status and UCC lien position, submit accurate UCC filings with data validation, and monitor for regular alerts on updates to liens and other public records. Our portal was built to support our factoring clients, which has made us a preferred ally of the International Factoring Association for over 15 years.
Evaluate
across different jurisdictions for accurate and timely public records data.
File
and submit UCC filings in any jurisdiction from one central location.
Monitor
your portfolio of borrowers to reduce risk and protect your interests.
Make confident lending decisions
The Ficoso UCC Portal is purpose-built to streamline filing, searching, and monitoring so you can make lending decisions with confidence, manage risk across your portfolio, and keep your lending operations running smoothly.
- Search for and retrieve documents from any Secretary of State or filing agency in the country.
- Reduce risk and ensure compliance with the cloud-based portal that empower you to evaluate applicants quickly.
- Access accurate and timely data through our simple, easy-to-use interface or directly from your own loan origination system through our RESTful API.
- Lower the risk of errors and avoid rejected filings thanks to automatic formatting and data validation.
- Conveniently access online data and order offline information through our portal.
- Enjoy personalized customer service with a dedicated support specialist.
Related Solutions
UCC, lien and litigation solutions
Simplify your due diligence and mitigate risks with the UCC filing portal that is fast, accurate, and simple to use.
Business entity solutions
Quickly and easily research any business entity across the country to get timely, accurate information so you can close transactions with confidence and ease.
Case Study
A national factor company avoids revenue losses and improves decision-making
Background
As the Operations Manager for a national Factor company, Shannon understood the need to establish and maintain her firm’s perfected security interests. She knew their nationwide UCC and corporate services could not afford to lose valuable time with slow turnarounds or miss valuable filing information if they wanted to perfect the firm’s security interests.
Challenge
In order to keep up with her firm’s high standard of reliability and thoroughness, Shannon needed to find a UCC and corporate service provider that had capabilities specific to the factor market. “In our business, we need to know everything pertaining to our client’s financial status before we factor, and we must monitor that status post factoring,” said Shannon.
Solution
Shannon started using the Ficoso portal in November of 2003 because of their competitively priced fee structure and their comprehensive search, filing, and monitoring services.
“Before, a couple of federal tax liens attached to our existing debtors at the county had gone unnoticed until it was almost too late,” Shannon recalled. “Now, with their Account Monitoring service program in place, we are informed of these liens in time for us to be more proactive. I don’t know of any monitoring service like it; they keep an eye on federal tax liens for us at both the state and county level.”
The more her company used the client portal, the more she knew they were receiving the accurate and timely information they needed to help establish and maintain the firm’s perfected security interest. “We have received alert notifications of federal tax liens and UCC filings, which you can imagine, have helped save our firm from heavy potential losses. Our switch to Ficoso equaled higher revenue, less time wasted, and a lot fewer headaches.”
Results
After using First Corporate Solutions’ national array of search and filing services for a year, Shannon’s firm:
- Regularly averted revenue losses thanks to being able to proactively respond to timely alerts of federal tax liens levied against their debtors
- Could more promptly decide whether to offer their clients requested financial services due to faster turnaround times on searches
testimonials
Here’s What Our Clients Have to Say
“I don’t know of any monitoring service like it; they keep an eye on federal tax liens for us at both the state and county level. Our switch to First Corporate Solutions equaled higher revenue, less time wasted, and a lot less headache.
Why Ficoso
Get the information you need to make confident lending decisions
Save Effort
We’re dedicated to making our solutions as simple and user-friendly as possible, with integrations that further streamline your processes.
Save Your Sanity
We obsess over the accuracy and timeliness of our data so you don’t have to worry about missed details derailing your deals.
Save the Day
When something goes wrong or you need offline service, we are the expert professionals who truly understand the complexities of public records data.
Let’s talk about how we can make your life easier
Ready to take the complexity out of UCC and public records due diligence? Just tell us a bit about your needs and we’ll get the ball rolling.
