Many lenders use multiple entities to submit UCC filings. Some may use law firms or title companies to file their highest value or most complex filings. Others file a portion directly with the secretary of state or use other lien service providers. However, having your filings fragmented this way makes it harder for you to have an accurate view of filings and to analyze overall lien portfolio health; and even more difficult to take actions. Now there’s a better way.
Our experience shows that lenders seek an evergreen, reliable and complete view of their lien portfolio. Seeing all filings, no matter where filed, in one place is critical for complete confidence in their secured lending situation. Some lenders may be aware of situations that might result in gaps in their lien portfolio, but most do not understand the extent of the risk.
It doesn’t matter if you file your liens with the secretary of state, a law firm, or if you use a third-party vendor. With Portfolio Sync, you have full visibility of all your liens, no matter where you file them. The Portfolio Sync portfolio can be your most trusted tool in iLien, allowing full visibility across your secured interests.
Portfolio Sync makes it easy to take prompt action on your liens that require amendments, continuations due to upcoming expiration dates, assignments and terminations. Since data is continuously updated, lien portfolio managers and asset managers have in a one-stop shop view important information on all UCCs in their portfolio.
This revolutionary tool uses public records data to match a customer’s Secured Party names and addresses with public records filings. Portfolio Sync produces a single view of all your UCC filings. No longer will you have gaps in your visibility, public records filings that lapse without your knowledge or a debtor amendment on record you were unaware of.
How often does Portfolio Sync – sync?
Portfolio Sync updates your portfolio with public records filings automatically and continuously, so your information is always up-to-date. You get a complete, holistic view of your lien portfolio and you’re empowered with data to make better, more informed decisions to enhance your lien operations.
Should you file a UCC-3?
UCC-3s are documents that track changes to your existing UCC filings, and there are five different types you can file through iLien: Continuations, Amendments, Assignments, Subordinations and Terminations. Most liens expire in five years but if the debt is still outstanding, if financial interests are transferred or if the debtor, secured party or collateral change, some form of a UCC-3 needs to be considered.
How can I file a UCC3 from Portfolio Sync?
With Portfolio Sync, UCC public records pending expirations are available in a quick view, allowing you to carefully monitor any approaching dates and, if necessary, conveniently file a UCC-3 from the same screen.
What are Public Records?
Public records are documents made available by the government to the public and are available via a county clerk, recorder or assessor. Since UCC filings or liens are filed on public records, they are available online. Portfolio Sync constantly searches the public records to find your filings and updates the information in your portfolio to keep it up-to-date.