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.
Paper titles are cumbersome and inefficient. States have differing requirements regarding who must keep the documents, many vehicle owners lose the paperwork, and making changes can be time consuming and expensive. You want to encourage car and truck owners to complete the title and registration process to secure your lien and prioritize your interest over […]
If you’re reading this, you probably work in commercial lending. And if you work in commercial lending, you already know that you work in a brutal business.
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.
Accuracy during the lending process is important; unfortunately, title washing can get in the way of learning about a car’s past. You want to know as much about the vehicle as possible to calculate its value and ensure you’re not lending the borrower more than the vehicle’s worth. Determining the vehicle’s true value, though, requires you to find the vehicle’s real title and history.