Advanced Due Diligence Archives - Lien Solutions

Help for lenders as they navigate the CARES Act

Written by Sheetal Kamani
Date April 2020

On April 10, 2020 it was reported that in the first week the Paycheck Protection Program was in effect, Fifth Third Bank received 33,000 Small Business Loan Applications. They normally process 300 SBA applications per year.

 

When vehicle exception reports stack up, Lien Solutions is there with technology that works for vehicle lending

Written by Marina Hardy
Date November 2019

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.

 

Lien Management – Not as Difficult as You Might Fear

Written by Skip Lafon
Date August 2019

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.

 

Insight Into Your Lien Portfolio to Mitigate Risk

Written by Lien Solutions
Date July 2019

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.

 

Reduce risk with timely debtor info

Written by Lien Solutions
Date May 2019

A loan could be at risk for a variety of reasons. Here we look at the ways that debtor information could put the loan at risk.

 

Should consignors perfect their security interest by filing a financing statement?

Written by Chris Altenbach
Date March 2019

The debtor, a distributor of bulk petroleum products, entered into a consignment agreement with IPC. Under the agreement, IPC delivered fuel to the debtor–consignee (“Pettit”) for sale to consignee’s customers. Pettit filed for bankruptcy. At the time of the filing of bankruptcy, Pettit had had some of the consignor’s unsold fuel on hand, as well as proceeds from sold fuel (cash and accounts receivables—that is balances owed by customers that had not yet been paid) and which had not yet been remitted to the consignor.

 

What to Watch for When Filing In-house, Part II

Written by Lien Solutions
Date February 2019

Where the real answer lies: Section 9-506 of the Uniform Commercial Code The court explained that, under Section 9-506, the variation of a debtor name on the financing statement is not considered seriously misleading if it is uncovered during a search of the full, correct name using the filing office’s standard search logic and while […]

 

What to watch for when you’re filing in-house, part 1

Written by Marina Hardy
Date January 2019

The modern financial landscape is growing increasingly more complex due to internal corporate pressures and external regulatory changes. In terms of secured lending processes, filing Uniform Commercial Code (UCC) forms correctly and in a timely manner is critical, yet full of complexity. Furthermore, monitoring the health of your liens and continuing your liens, if warranted, is equally important. This blog series will look at some of the things that cannot be missed if one is to securely file and manage UCCs, whether you file directly through a Secretary of State or use a law firm or other partner to file.

 

So you’re asking, “why manage?”…You should be asking, “why not?”

Written by Lien Solutions
Date May 2018

Priority #1 for lenders has always been to perfect their assets, and then to maintain the perfection of the asset portfolio over time. But every day brings changing circumstances that can impact the protections you’ve put in place, so lien portfolio management has to be an active, and proactive, effort.

 

Holistic management of your Lien Portfolio is the right thing to do

Written by Lien Solutions
Date May 2018

It’s always been important for lenders not only to perfect their assets but to manage and maintain the perfection of their portfolios over time. Changing events and circumstances impact the protections that have been put in place, and it’s necessary to be diligent in addressing them.