HOUSTON--(BUSINESS WIRE)--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.