First-to-market, one-step process automates and simplifies fixture-related filings

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Increase efficiency and minimize rejections with iLien ResiFixture™

Automate complex consumer lending steps
 

Safeguarding your interests in loans associated with fixtures physically attached to a residential property such as solar panels, HVAC equipment, new windows, pools and other items, is a critical step in protecting your portfolio against the many known and unknown risks.

To mitigate the risk of debtor bankruptcy and loss of equipment, lenders should file a UCC-1 Financing Statement with both state and county. Lenders, however, often face numerous challenges in securing this additional layer of protection:

Determining when and where to file.

Lack of county requirements knowledge.

Access to reliable property information.

High rejection rate and cost.

Handling high filing volume with manual processes.

Long turnaround time may lead to equipment loss.

One-step solution for perfecting fixture filings

Provide the UCC filing data and we take care of the rest

iLien ResiFixture Diagram

Our iLien ResiFixture solution will enable you to:

Minimize risk

Meet jurisdictional requirements; 

File correctly the first time; 

Reduce the risk of equipment loss

Improve your filing quality

  • Eliminate errors from re-typing;
  • Get comprehensive search results;
  • Minimize rejections, repeat research and submissions;
  • Secure your position faster

Reduce your cost and file faster

Save time, labor and rejection costs;

Automate slow, manual processes;

Speed up UCC-1 filings now and simplify continuations later

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iLien ResiFixture FAQ

  • What is a UCC county fixture filing?
    A fixture filing is the filing of a financing statement that covers goods that are or will become fixtures. This submission is legally authorized and executed in adherence to the UCC adopted in the state where the related real property is located. All UCC transactions are governed by Article 9 of the Uniform Commercial Code (UCC).
  • What is a fixture?

    Under UCC Article 9 Section 102, fixtures in a fixture filing are defined as "goods that have become so related to a particular real property that an interest in them arises under real property law".

    Fixtures are typically items that are built into a property, bolted down, planted, or are objects that other structures are built around. But knowing whether a good has become a fixture in real property is not always clear cut and may depend on contextual cues. Several factors are often used in determining a fixture in real estate:

    • The degree to which the object is attached to the property
    • The ease with which someone could remove the object from the property
    • The intention of the parties
    • A third-party’s reasonable expectations of the property
  • What is the difference between fixtures and personal property?
    Fixtures are items physically attached to real estate, such as solar panels or HVAC systems, while personal property includes movable items like furniture. The fixture vs personal property distinction is critical in determining what can be secured through a UCC fixture filing. The “Maria” test for fixtures is often used to evaluate whether an item qualifies as a fixture based on factors like method of attachment and intent.
  • What is the difference between a UCC1 State filing and a UCC1 County fixture filing?
    • A UCC1 filed at the State level creates a public notice of a lien and is also used to perfect a security interest or to show priority over third-party creditors. It is a legal document and public record. UCC-1 serves as evidence in the case of any legal disputes over liability, and protects the lender in court from debtor bankruptcy.
      UCC-1 filings are usually made in the state where the debtor is located (state of incorporation for entities or principal residence for individuals).
    • UCC1 County Fixture Filing must be recorded in the real estate records of the county where the property is located, if the collateral is a fixture.
      A County filing protects the lender’s position during a title search in case of a house sale. It utilizes the national UCC form along with an addendum page. In addition to the debtor’s name, secured party name, and indication of collateral, this filing must include a description of the property, the property owner's name, and must have the appropriate boxes checked.
  • Why are fixture filings important for lenders?
    Fixture filings protect against property sales without notification, and equipment loss, ensuring the lender's position is safeguarded. Additionally, real property lien filings help lenders secure their interests in both real and personal property.
  • What challenges do lenders face with fixture filings?

    Lenders often encounter:

    • Complex county requirements: Over 3,600 jurisdictions in the U.S. have unique filing rules, making filings or recordings a challenge.
    • High rejection rates: Manual filings can have rejection rates as high as 22% often due to incorrect filing office fees and missing information.
    • Inaccurate property information: Outdated or incomplete legal description data can lead to filing office rejections.
    • Time inefficiencies: Manual processes are slow and resource-intensive.
    • High costs: Rejected filings and manual corrections increase expenses.
    • Lapsed filings: Without proper monitoring, filings may expire, leaving assets unsecured.
  • Why should lenders automate their fixture filing process?
    Automation addresses the pitfalls of manual filings, such as high error rates, inefficiencies, and costs. It ensures lenders can protect their interests effectively while staying competitive in a fast-paced lending environment.
  • What is iLien ResiFixture™?

    iLien ResiFixture™ is an automated solution by Wolters Kluwer that simplifies fixture filings. It offers:

    • A one-step process for filing UCC-1 county fixture filings.
    • Automated property searches and jurisdiction selection.
    • Rejection and exception handling.
    • Integration with SFTP Dropfile or JSON API for seamless operations.
  • What are the benefits of using iLien ResiFixture™?
    • Simplicity: Reduces requirements to one step – requesting the ResiFixture order and everything else is handled by the Wolters Kluwer team including property searches, UCC filings and legal description related rejections.
    • Filing in the correct location: Wolters Kluwer will help determine where to file.
    • Minimized risk: Ensures compliance with jurisdictional requirements and may help reduce equipment loss.
    • Improved quality: Provides reliable property information and eliminates re-typing errors and minimizes rejections.
    • Cost efficiency: Saves time and labor while reducing rejection costs.
    • Faster filings: Speeds up UCC-1 filings and simplifies continuations.

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