As our readers know, in 2009, First Corporate Solutions (FCS) became active on several social networking sites.
In addition to here on the blog, you can find FCS on:
Become a fan on our Facebook page to track our trade show appearances and read insider industry tips on searching, filing and more!
Learn more about First Corporate Solutions by visiting our official company page
Follow FCS on Twitter to receive the latest news on holiday schedules, filing office closures, jurisdictional delays, new legislation and other important changes that could affect your business.
In January, First Corporate Solutions sponsored a contest to encourage customers to become a fan on our Facebook page. Anyone who became a fan during the month of January was automatically entered into a drawing to win a fabulous prize!
We are excited to announce that we have drawn the winning name.
And the winner is…
Vincent Pitts from United Pacific Bank!
Congratulations to Vincent and thank you to everyone who participated!
The contest may be over, but you can still become a fan to receive the latest news and tips from First Corporate Solutions.
First Corporate Solutions introduces new results reports, enhances client communication
First Corporate Solutions (FCS) began circulating newly designed customer results reports last week. The enhanced reports feature a sleek new look and more in depth reporting of findings.
The updated report style is designed to communicate public records findings to our lending, legal and wholesale customers with improved clarity while maintaining the accuracy and integrity customers have come to expect from FCS.
Each new report contains a service recap followed by a results section with a comprehensive listing of findings. The expanded results portion now includes detailed party and lien information in an intuitive, logical layout.
FCS believes that results reports are one of the primary ways a service company communicates with its customers.
Bearing that in mind, we invested a lot of time creating the new reports to be complete and accurate as well as visually pleasing.
If you are our existing clients, feel free to leave us a comment and let us know if you like the new report style.
2/12/2010 Update: First Corporate Solutions’ Delaware Branch Office is open today and businesses are back to normal.
Due to severe snowstorm in Delaware, First Corporate Solutions’ Delaware Branch Office is closed today (2/11/2010). Please contact our California office at 800.406.1577 or at www.ficoso.com if you have any questions.
From our Delaware Branch Staff:
For those of us located in the Mid-Atlantic Region, this should come as no surprise since we’re currently experiencing the second major snow storm in five days, but for those of you in the rest of the country we think it’s important to note that Governor Jack Markell has declared a State of Emergency in all three counties in the state of Delaware. What this means for the people snowed in Delaware is that the roads are off-limits to all non-essential personnel, and anyone found driving unnecessarily can be ticketed. For those of you outside the state of Delaware, this means that if you need any searches, certificates, or copies from the Secretary of State, you’re out of luck for the time being. This State of Emergency, which was declared as of 12:01 a.m. on February 10th, will continue until terminated by the Governor. For current information on the storm, you can keep checking with the State via twitter: http://twitter.com/destorminfo.
Creating a title report is a complex and detailed process. It requires experience and industry expertise to craft a comprehensive report that you can trust to assist you in making decisions.
Reliability
1. Does your search company keep their word? Do you get your reports when promised?
2. Do they have errors & omissions insurance?
3. How often do they communicate with you? If your work will be delayed, do they tell you before it is due, or when it is already late?
4. How long has your search company been in business? First Corporate Solutions has been around since 1987.
Quality
5. Is your search company knowledgeable about title norms and customs?
6. Do they have a detailed understanding of title documents?
7. Do they read and understand all legal descriptions? Most searchers rely on addresses or parcel numbers instead of carefully reviewing the legal description. This practice can lead to incomplete and inaccurate reporting.
Coverage
8. Does your search company cover the entire country?
9. Do they offer the full spectrum of public records research or title services only?
10. Finally, is your search company’s goal simply to sell you title reports?
First Corporate Solutions works with our customers to first understand their needs, then create a customized report that satisfies them.
Given the uncertainty of today’s economy, businesses across the nation are looking for meaningful ways to reduce spending. Lenders however, should be cautious where they make cuts and think twice before cutting too deeply from their due diligence budgets. Now more than ever, lenders need to have a clear picture of a prospect’s financial solvency before making their funding decision.
It is advisable to let your legal and risk management departments determine what searches to perform to best mitigate your risk for loss. That being said, the following due diligence search package provides for comprehensive reporting of existing financial obligations and encumbrances in the public record:
- UCCs (and available Tax Liens or Judgments) at the State Level
- UCCs/Fixture Filings, Tax Liens and Judgments at the County Level
- Civil Litigation at the State Court of General Jurisdiction
- Civil Litigation at the U.S. District Court
- Bankruptcy at the U.S. Bankruptcy Court
Thorough due diligence searching can help lenders make funding decisions with confidence. For more information on search options, contact a public records professional. Many service companies can customize a search package to meet your specific pre and post-funding due diligence needs.



