Wolters Kluwer’s Lien Solutions has launched Portfolio Sync, a first-of-its-kind lien management solution designed for lenders who use multiple methods of submitting Uniform Commercial Code (UCC) filings.
As an addition to iLien, Lien Solutions’ flagship lien management product, Portfolio Sync combines customers’ existing iLien filings with public records data into one view, providing greater visibility into one’s entire lending portfolio—and identifies associated gaps that may require risk mitigation or other actions to maintain a lender’s secured interests.
“Many lenders use multiple methods to submit UCC filings, including law firms, title companies, secretary of state offices or third-party providers,” notes Nasser Ansari, Director, Product Management, Lien Solutions. “But this fragmented approach makes it harder to maintain an accurate, holistic view of your filings and to analyze your overall lien portfolio health, much less take corrective actions if needed. Portfolio Sync mitigates the risks posed by gaps in lenders’ filing portfolios, providing a single, web-based access point to manage all of one’s filings, regardless of how or with whom they were filed.”
Portfolio Sync provides unprecedented visibility of all a lender’s filings in one place, making it easier to take any necessary actions and reducing risk to their lending portfolio. This unique and innovative capability is a brand new addition to iLien, the award-winning, lien management product.