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.
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.
Title washing continues to be a problem for lenders across the US. A title washing scandal made the news as recently as August 2019 when Illinois authorities uncovered a scam in which participants used fake “Release of Lien” documents to get clean titles, according to ABC 7. This form of fraud spikes after natural disasters like hurricanes and floods damage many vehicles — but it can happen anywhere, at any time.
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 leapfrog 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, […]
A collateral description does not require exacting precision. Rather, the collateral description is sufficient if it is objectively determinable.
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.
Carrie Dolezal, Product Operations Manager at Wolters Kluwer’s Lien Solutions, will present on IACA (International Association of Commercial Administrators) XML Standards Revisions at the 42nd Annual IACA Conference, May 19-23, 2019 in New Orleans.