First Corporate Solutions Blog | UCC, Corporate, Lien, Litigation, Title | Search, Filing, Monitoring » Services / System Update

A Behind the Scenes Look at First Corporate Solutions Online Data

First Corporate Solutions Team — Fri, 13 Jan 2012 00:43:48 +0000

As you may have heard, First Corporate Solutions recently released Wisconsin to our online search system. To coincide with the launch, we thought it would be interesting to share a behind the scenes look at the kind of analysis we perform before bring a new search state online.

First Corporate Solutions is committed to providing our customers with anytime, anywhere access to the highest quality, most up-to-date search data available. To accomplish this, we purchase our data directly from the state filing offices and perform comprehensive analysis of the data prior to making it available for searching via www.ficoso.com. One of the areas we examine is the type of records present in the data and the number of active records for each.

Here is an overview of the lien types present in our newly launched Wisconsin data as of 1/4/2012:

Filing Type Active Record Count

UCC Financing Statements and Amendments 494,689

Judgment Liens 52

Notices of Lien for Fine 153

Federal Tax Lien Records 18,042

Manufactured Home Filings 1,249

Public Finance Transactions 523

Railroad Filings 18

Wage Claim Liens 8

Transmitting Utility Filings 1,125

Not an FCS online system user?

Call or email today to schedule a free online demo! 800.406.1577 | info@ficoso.com

Tips For Improving Turn-Around Time for Lien Searches – Part 1

First Corporate Solutions Team — Thu, 05 Jan 2012 22:17:58 +0000

When performing lien searches as part of a pre-funding due diligence investigation, it is critical to have the results of your search in hand as soon as possible. Competition for deals is fierce and borrowers are looking for quick funding solutions. Slow turn-around time for lien searches can extend your funding cycle and can frustrate prospective clients. This week, First Corporate Solutions begins a four part blog series where we will discuss several tips for improving the turn-around time for your lien searches.

This Week’s Tip: Partner with an Online Service Provider for State-Level Lien Searches

Many variables can lengthen the processing time for a manual (offline) state search request. When working with an offline service provider, you are limited by that vendor’s hours of operation. If you place a search request with a vendor after their normal business hours, work will not commence on your search until they open for business the next day. Additionally, local filing office schedules, fluctuating work volumes at the filing offices and time zone differences can all work to slow down processing times for offline search requests.

One of the easiest and most effective ways to improve the turn-around time for your state-level searches is to self-search for liens using an online search system. Online search systems provide users with anytime, anywhere access to UCC and lien data. By partnering with an online service provider, you can perform state-level lien searches and receive immediate search results with copies, even after-hours.

As an added benefit, the fees for self-searching on a privately maintained online system are often much lower than those incurred for a comparable offline search.

A Cautionary Note About the Source of Data

If you are looking to make a move to an online solution, please keep in mind that an online search system is only as good as the data it contains. The most reliable and accurate online systems contain lien information that is purchased directly from the state filing offices, as these will closely match a state’s internal database.

Service companies can also purchase UCC and lien data from a Third Party Source. In these cases, a data collection company will obtain copies of UCC and lien records then transcribe and catalog the data in order to recreate a state’s internal database. This process opens the door for errors to be introduced into the data that can compromise the integrity of your final search result.

The First Corporate Solutions online search system offers the most accurate and up-to-date state-direct lien information available anywhere, complemented by a comprehensive library of clear, downloadable document images. Contact First Corporate Solutions today to schedule a free demonstration 800.406.1577| info@ficoso.com

*Disclaimer

Online UCC and Lien System Upgrade: First Corporate Solutions Releases Indiana Online UCC Search Database with Document Images

First Corporate Solutions Team — Tue, 29 Nov 2011 19:27:33 +0000

We are pleased to announce that we have released Indiana to our online search system.

Active users can log on now to www.ficoso.com and search our reliable state-direct Indiana data complemented by an expansive library of clear, downloadable document images.

Utilize our broad-based search engine to locate liens by debtor name or file number, then use our unique sorting and filtering features to create a customized search result, tailor made for your specific transaction. Online search history is saved for a period of 90 days for quick access to completed searches and associated images.

For more information, check out the following blog posts and explore the benefits of using an online UCC & lien search system:
Broad Based Name Searching: What is it? Why is it Important?
Why Name Variations Matter in UCC Searching

Not an FCS online user?
Find out more about our UCC Online Search System
Call or email today to schedule a free online demo! 800.406.1577 | info@ficoso.com

*Disclaimer

Join the First Corporate Solutions User Group on LinkedIn

First Corporate Solutions Team — Wed, 24 Nov 2010 23:48:26 +0000

This week, we take a short break from our blog series on evaluating state UCC search options to invite our readers to join the First Corporate Solutions User Group on LinkedIn!

This group is designed to be an online meeting place for First Corporate Solutions (FCS) customers, prospects, current and former employees as well as peer organizations offering due diligence and risk management solutions including corporate compliance services, UCC and lien searching, online UCC filing and portfolio management, litigation research and account monitoring programs.

Join the FCS User Group to have your voice heard regarding upcoming FCS product enhancements and to receive the most up-to-date industry news.

Looking for a better Colorado UCC Solution?

First Corporate Solutions Team — Thu, 23 Oct 2008 23:19:12 +0000

1. Why slow/no Colorado UCC images?
The Colorado Secretary of State is struggling with redaction and access to retrieve UCC and Federal Tax Lien copies is sporadic. You derserve consistent access.

2. How can First Corporate Solutions help?
First Corporate Solutions has a current Colorado UCC index. You can also get real time acess to online Colorado UCC images via our online system.

3. What to do next? Call 877.230.8933
Call First Corporate Solutions today at 877.230.8933 or contact us at here to obtain your user name and password to start your instant online searching.

If you have any questions, please contact your Account Manager for more information.

* Disclaimer