Welcome to the new Lien Solutions blog – insights and resources to help professionals reduce risk and shape the future of their business. You’ll find articles on thought leadership, practical tips, and an exchange of ideas that drive innovation and better outcomes.
The world of banking is in the midst of a massive paradigm shift. Disruption has been at work on the consumer and retail banking side for quite some time and the effects are now permeating into the commercial space.
Managing and tracking your loan portfolio can be time-consuming on a typical day, much less when volumes spike. Add to that the pressures of tighter deadlines, increased audits, and ever-changing county rules, and your team can become overstretched and your process prone to errors and rejections. Real Property Recording From Painful to Productive Making improvements […]
The landscape of commercial and residential mortgage lending has never been so varied or so regulated. In spite of the possibility of some recent regulations being relaxed, it’s still important to pay attention to the details. The right questions will lead to the right answers, and remember: due diligence is always your friend.
As a lender, “lien management” may not be your primary job task. Your specialty is helping clients solve their financial issues through loans and leases, so you might view lien management as a necessary chore, and, once the client has been approved for a loan, that’s the end of the process. Not really.
Because of our unique position in the vehicle finance sector, we have had the opportunity to witness some fascinating trends in the vehicle purchase and usage process, driven in large part by today’s younger generations.
No one can predict the future, including lenders. Therefore, it is crucial to be diligent about maintaining lien perfection today. In the event that debtors default on their loans, lien perfection helps ensure that you are protected and losses can be recovered. Having clear insights into your individual debtors’ risks and across your portfolio help you maintain a healthy portfolio and reduce risk.
Hurricanes, flooding, earthquakes and other natural disasters destroy billions of dollars’ worth of property in the U.S. annually. Motor vehicles are among the properties most often damaged beyond repair and considered unsalvageable in such situations. For those cars damaged by flooding that are repaired, new titles are issued reflecting that fact, so those seeking a bargain do so knowing the risk they take. If the car’s title is “washed” (title brand is removed or the real lienholder is concealed), the buyer—and possibly the lender—are none the wiser and could end up with a damaged or discounted vehicle on their hands. Underwriting an asset with the incorrect value may result in a total loss for a lender in case of delinquency or default.
Court finds that a searcher has to go to great lengths and not rely on the filing office’s own system.
Northside Elevator v. Ossmann, 2019 Wisc. App. LEXIS 302
As companies are growing, they look for ways to leap frog over the competition quickly and capture market opportunities. One way to accomplish fast growth is through a merger or acquisition. The ultimate purpose of mergers and acquisitions (M&A) is to grow the company and, in many cases, increase profitability. In the past few years, M&As have reached an all-time high since the financial meltdown of a decade ago.
Competition has increased, especially from credit unions. Credit unions now account for almost two-thirds of refinanced motor vehicle loans, and that increase has come at the expense of independents and captives. Delinquency rates are up. Waning demand is another factor, as years of growth have satisfied any pent-up desire for vehicles. In this dynamic landscape, […]