Today’s lenders are under constant pressure to juggle an enormous range of
challenges, from expanding profitability and managing costs to mitigating risk and
ensuring compliance. At the same time, the industry continues to struggle with
changing regulatory measures, staffing challenges, and escalating loan defaults,
all of which further amplify risk
For lending institutions that file Uniform Commercial Codes (UCCs) to secure loans,
this already-substantial list of burdens is magnified even more — especially for
those who file UCCs in-house. While filing with Secretary of State (SoS) may appear
to be simple and less expensive than deploying a search and file solution,
lenders who do so often encounter additional difficulties that threaten the safety
of their secured assets.
Harnessing the right tools and technology can alleviate these challenges — enabling
you to save time, increase volume and accuracy, and better manage risk over the
lifecycle of your liens