Product innovation recognized by esteemed awards program
Wolters Kluwer’s Lien Solutions business has won three American Business Awards for product innovation in the below categories:
- iLien for Lien Management, Financial Services
- iLien Motor Vehicle, Best Cloud Application/Service
- Lien Insights Report, Financial Services
In their remarks, award judges consistently cited the superior operational and strategic benefits these offerings deliver to lenders. One noted that Lien Insights Report “is geared for providing lenders a comprehensive, real-time view of lien positions across their entire loan portfolio... A perfect solution to give comprehensive reporting.” Another reviewer recognized how iLien Motor Vehicle “effectively interconnects traditionally disparate processes and workflows in the vehicle titling and management arenas into one system” providing “huge benefits for lenders.” And commenting on iLien for Lien Management, another judge deemed it “a great, unified solution to manage a loan’s full lifecycle.”
Now in its 19th year, the American Business Awards are part of the Stevie Awards program, recognizing the achievements and positive contributions of organizations and working professionals worldwide.
“These prestigious awards reflect our longstanding commitment to product innovation and leadership in Uniform Commercial Code (UCC) lien management and vehicle titling solutions for the lending industry,” said Suzanne Konstance, Vice President, Product Management and Marketing for Wolters Kluwer Lien Solutions. “We are pleased to receive independent market recognition of these industry-leading solutions, which reinforce the value they provide our clients as they strive to manage portfolio risk.”
iLien for Lien Management is a portfolio of web-based solutions that enable lenders to manage and address risks in their entire UCC lien portfolio with analytics, visibility and automation.
Lien Insights Report provides detailed reporting on a lender’s estimated UCC lien position and insights into lien activity for each of its debtors, providing a comprehensive, real-time view of lien positions across one’s entire loan portfolio.
As a cloud-based SaaS, iLien Motor Vehicle delivers a single solution for processing and managing motor vehicle titles. The offering helps solve the most unique and complicated challenges in title perfection.
Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, provides comprehensive lien management, debtor due diligence, monitoring, and risk management solutions to financial professionals—including a comprehensive set of APIs that lenders can use to automate their workflows. Its iLien suite of products provides solutions for asset-backed loan, real-estate and vehicle title processing and management to help reduce complexity in lien lifecycle management and promote more confident lending decisions.
Wolters Kluwer’s GRC division provides an array of expert solutions to help U.S financial institutions manage regulatory and risk obligations. Lien Solutions’ iLien for Main Street helps lenders optimize their due diligence and lien management efforts when securing loans for small and medium-sized businesses under the Main Street Lending Program. Wolters Kluwer Compliance Solutions’ eOriginal® suite of purpose-built, digital lending solutions, meanwhile, helps lenders digitize their transactions and features electronic signatures, collateral authentication and an electronic vault.
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2020 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs approximately 19,200 people worldwide.