In House Lien Management - Lien Solutions

Solutions for In-house UCC filers

In the complex modern world, lenders must focus on growing profitability, managing risk, staying compliant, passing audits and optimizing their costs. For lenders who file UCCs in-house, working directly with the Secretary of State, Lien Solutions’ web-based platform iLien is an alternative that enables you to deliver on business promises throughout the full lifecycle of a loan.

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Solutions for In-house UCC filers

For lenders that file UCCs to secure loans, you likely face pressure to optimize your secured lending processes, to mitigate risk to your lien portfolio and to enhance your documentation and reporting capabilities. If you file UCCs in-house, these pressures only intensify. You need the right partner and technology to help you overcome common challenges to securing your assets.

Improve Compliance and Auditability

With iLien, you can evaluate and manage the risk of non-compliance and imperfections that can arise from lack of visibility into your lien portfolio. You will eliminate challenges with tracking details of your liens, and access to easy and comprehensive reports will make passing internal and external audits easy.

Stay Ahead of Lien Expiration

Real-time alerts generated through tracking pending expirations empower you to manage your liens proactively. You can also choose to automatically continue your liens before they expire. iLien gives lenders flexibility and choice in managing their liens.

Reduce Risk and Vulnerability

We have observed that, in some cases, lenders are not aware of the loans that become unperfected over time. While they may have substantial allowable loan loss allowance, our solutions can help lenders reduce bad debt expense, reduce credit provisions and reduce losses.

Partner with the Trusted Advisor

We work with hundreds of customers who used to file UCC filings directly with the Secretary of State or with their local jurisdiction, yet saw great ROI and tangible benefits from using our iLien tool. Some of our customers continue to work with the Secretaries of State to file UCCs, but track and manage their liens portfolio in iLien. By partnering with an industry leader like Lien Solutions, they have access to multi-jurisdictional expertise, whether through iLien or in-person.

Solutions for Regional and Community Banks

We provide the whole breadth of solutions, including UCC search, file, manage and reporting, specifically designed and built for regional and community banks. Many of our customers’ needs revolve around their county and state jurisdictions. Our goal is to provide the right-size solution to our regional and community bank customers, at the right price.

Deliver Process Efficiency and Consistency

Many of our customers are concerned about the turnover rates in their organizations and the constant need to train new loan operations employees. With iLien, our online solution, there is one tool and one process to follow. This creates unprecedented efficiency and continuity for loan operations departments. Now, our customers can easily onboard new employees and spend minimal time transferring knowledge. Teams now follow one consistent processes, saving both time and money to their organizations.

Benefits of Partnering with Lien Solutions for UCC Filing Automation

A large equipment financing company partnered with Wolters Kluwer’s Lien Solutions to automate their UCC filings, conduct all their searches and manage liens in their portfolio to ensure continuous perfection. The web-based technology solution allowed them to continue processing a large volume of liens without exponentially growing their department. Moreover, there were fewer costly mistakes due to the elimination of manual processes. Watch the interview to learn more.

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