CT Lien Solutions Offers Tips to Financial Services Market to Weather Volatile Economic...

CT Lien Solutions Offers Tips to Financial Services Market to Weather Volatile Economic Climate

Financial services and leasing companies must engage in proactive
due diligence to adequately manage their loan portfolios and protect
against debtor insolvency
NEW YORK--(Business Wire)--
CT Lien Solutions (formerly UCC Direct), the most comprehensive
filing, public record search and portfolio management service provider
nationwide, is encouraging financial institutions, leasing companies,
and commercial finance organizations to follow some key due diligence
tips in order to adequately manage their loan portfolios and protect
against debtor insolvency. CT Lien Solutions is part of CT, a Wolters
Kluwer business.

The large write downs and increased foreclosures experienced by
many of CT Lien Solutions' clients and the market segments served have
brought about the need to focus more closely on additional due
diligence when managing any of their loan portfolios. Additional due
diligence helps reveal hidden threats such tax liens, judgments,
pending litigation and UCCs that haven't been properly indexed by the
jurisdiction.

In response to today's economically volatile times and alarming
foreclosure rates, the importance of thorough due diligence cannot be
understated. Here are some proven tips in exercising due diligence
when it comes to searching tax liens & judgments, business entity
document retrieval, bankruptcy cases and more:

-- When in doubt, double check for accuracy: A UCC filing is only
perfected if the filer gets the name right. When the risk is
high, a Corporate Name Verification search and ordering copies
of a company's Articles of Incorporation and any Amendments
will provide peace of mind.

-- Look for tax liens & judgments: These liens ordinarily apply
to the same types of property covered by UCC liens. Tax and
Judgment liens are not consensual, so they can be on file
without the Debtor having any knowledge of their
existence--making it important to be aware and be diligent.

-- Conduct court searches: Only court searches can reveal the
credit risk posed by Civil Suits and Bankruptcy Cases. These
open court actions threaten to encumber property being pledged
as collateral and can seriously impact a debtor's solvency.

-- Check for bankruptcies: Searches at the U.S. Bankruptcy Courts
assist in the evaluation of a debtor's credit risk. Like
pending suits, bankruptcy cases cannot be revealed in the
local filing office where liens reside. However, the inclusion
of a borrower's name as a petitioner in a bankruptcy
proceeding is a clear red flag.

-- Order a "search-to-reflect": The only way to ensure that a UCC
filing has been properly indexed by the jurisdiction is to
order a search-to-reflect or post-filing search. The
search-to-reflect also confirms a filing position.

-- Monitor borrowers: It's important to track any change to an
entity's UCC filings, which would undermine its position.
Staying on top of this enables a quick response and protects
the filer's interest.

-- Don't forget Patriot Act searches: Patriot Act searches are
now a vital and mandatory part of due diligence searching with
any financial transaction.

"We are in the business of responding to our clients' changing
needs and requirements. Based on the current economic conditions, we
feel it is important to remind our clients about some of the risks out
there and how they can manage those risks through increased due
diligence," said Gene Lasky, vice president and general manager, CT
Lien Solutions. "Hopefully, by educating our clients with useful due
diligence tips and practices, they can uncover any hidden threats that
might make a debtor's solvency questionable, thus exposing all
potential risks."

Legal professionals rely upon CT Lien Solution's established
relationships with over 4,300 jurisdictions and the comprehensive
knowledge of its experienced service professionals for their searching
and document retrieval needs. Those in the financial and leasing
industries leverage those same jurisdictional relationships and
expertise for their Real Property searching and recording, UCC filing,
lien searching, monitoring, DMV titling and document retrieval needs.
And, they each benefit from having it all in one place--with access to
a true portfolio management center.

About CT Lien Solutions

CT Lien Solutions offers the most comprehensive filing, public
record search and portfolio management capabilities nationwide. Its
powerful technology tools and service experts provide customers with
the highest standards in public search, nationwide document retrieval
and UCC filing and management.

CT, a Wolters Kluwer business, provides the tools to help legal
and financial professionals manage risk on many levels. From managing
corporate compliance to legal department performance; trademark
protection to matter management; electronic data discovery to
preparing cases for litigation, CT has the right solution to meet a
host of needs. CT is based in New York City. For more information,
please visit www.ctlegalsolutions.com.

About Wolters Kluwer

Wolters Kluwer is a leading global information services and
publishing company. The company provides products and services
globally for professionals in the health, tax, accounting, corporate,
financial services, legal, and regulatory sectors. Wolters Kluwer has
annual revenues (2007) of EUR 3.4 billion, maintains operations in
over 33 countries across Europe, North America, and Asia Pacific and
employs approximately 19,500 people worldwide. Wolters Kluwer is
headquartered in Amsterdam, the Netherlands. Its shares are quoted on
the Euronext Amsterdam (WKL) and are included in the AEX and Euronext
100 indices. Visit www.wolterskluwer.com for information about our
market positions, customers, brands, and organization.

CT, a Wolters Kluwer business
Stacy Nobles, 212-590-9058
Sr. Manager, Corporate Communications
stacy.nobles@wolterskluwer.com
or
Envision Agency
Jobst Elster, 850-385-4599
Vice President
elster@envisionagency.com

Copyright Business Wire 2008