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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.
How can I file a UCC-3 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.
Should I 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.
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.
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