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.
Wolters Kluwer’s Lien Solutions is the market leader in its space,
processing one in every three U.S. UCC financing statements filed at the
state level. Its award-winning, flagship iLien solution is a
web-based tool that gives lenders the ability to conduct public record
searches, retrieve and view actual UCC and corporate records, create
filings, and keep track of their entire portfolio. The iLien
offering includes full analytics, reporting, monitoring and auto
continuation capabilities, improving lenders’ ability to holistically
view lien portfolios in a way that helps mitigate risk and improves the
quality and efficiency of a lender’s operations.
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 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 2018
annual revenues of €4.3 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 19,000 people
worldwide.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190501005084/en/