In this unprecedented time in history, Wolters Kluwer Lien Solutions is helping credit unions manage risk throughout the life cycle of their liens. Lending has become more challenging than ever before and current events are testing even the best policies and procedures.

Lien Solutions is poised to help credit unions no matter the challenge and has solutions for the unique risk management issues the industry is now facing. Its comprehensive management solutions give credit unions:

• Confidence that your lending portfolio is healthy.
• Ability to handle any volume of liens, vehicle titling and registrations, or mortgage documents.
•  Improved internal productivity through process automation, elimination of manual processes and integration.
• Tools that reduce the risks of losing perfection.

Wolters Kluwer Lien Solutions helps credit unions prepare for what’s next. The COVID-19 crisis is showing us that there’s a new normal in lending, and to stay efficient, lenders must continue to evolve.

As the speed and volume of transactions increases, manual processes can slow down and impede the success of the organization. Wolters Kluwer provides quick, nimble, out-of-the-box solutions and its on-demand analytics can help credit unions understand any potential risk to their portfolio due to unperfected liens.

In this volatile financial climate, Wolters Kluwer protects its customers’ standing and keeps their portfolios secure. Automated lien monitoring constantly checks the status of debtor and business entity names, alerting users to changes that could compromise position such as mergers, dissolutions, loss of good standing, administrative cancellations—as well as activity against debtors.

Credit unions can become more nimble by sharing some of the transactional work which, in turn, frees up time for more valuable customer-related work.

Wolters Kluwer’s SaaS tool, iLien, helps lenders:

• Search, file, and manage Uniform Commercial Codefilings against borrowers all in one place.
• Maintain loan perfection, monitor, and manage vehicle liens efficiently and release titles effortlessly.
• Complete, record, and search mortgage documents and transactions quickly and easily.

iLien empowers credit unions to analyze and understand their portfolio health and take actions that minimize risk. When visibility and protection are necessary, the process doesn’t begin and end with due diligence searches and filings. It extends to navigate change events, monitor portfolio health, report on lien and title activity, and take the necessary steps to maintain perfection.

Wolters Kluwer’s services like auto continuation of liens prevents unwanted expirations so credit unions can maintain priority and focus on how to service new loan applications. For new loans, iLien’s search logic and robust database of information from all jurisdictions facilitates search on debtors faster, easier, and more precisely.

Searching in iLien returns more records that are more closely matched to search parameters. If records are not available electronically, you can leverage a wide-reaching network of expert correspondents to track down the documents.

With a smart selection of technologies, process improvements, and service providers you can be more efficient, more accurate, and more thorough than ever before, so credit unions have 100% confidence in their lending.

For more information contact Robb Zurek at robb.zurek@wolterskluwer.com.