Black Knight Launches Municipal Lien Search

first_imgHome / Featured / Black Knight Launches Municipal Lien Search The Week Ahead: Nearing the Forbearance Exit 2 days ago Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Subscribe Demand Propels Home Prices Upward 2 days ago Black Knight Financial Services launched its Municipal Lien Search solution Wednesday to help uncover property debts and reduce risk associated with liens not included on property reports or outside of the scope of title insurance coverage. County debts; code and force violations; waste, water, and sewer are examples of these liens.Undiscovered and unrecorded municipal liens become the responsibility of the new property owner upon closing. Black Knight said its Municipal Lien Search solution is a faster and simpler way to help identify unrecorded property liens through access to more property and tax data than can be pulled from a traditional online title search. Black Knight explained that they can help identify outstanding property liens, violations, assessments, and more that would fail to show up in a standard title search. The search presents findings in a clear, concise report with the necessary contacts to resolve outstanding issues.The Municipal Lien Search solution is available nationwide and is requested and delivered through Black Knight’s OrderPoint technology, an online tracking and delivery tool that is integrated with Black Knight’s national title production network.“With this innovative tool, which is part of our national, comprehensive title solution suite, we are helping buyers and title companies keep informed during the origination process by shedding light on any outstanding debts on a property,” said Lisa Roessler, Vice President of Black Knight’s Title Solutions division. “Making buyers aware of any outstanding liens before closing helps reduce their risk and provides for a better borrower experience.” Black Knight Launches Municipal Lien Search The Best Markets For Residential Property Investors 2 days ago Tagged with: Municipal Lien Search Solution Property Debts Servicers Navigate the Post-Pandemic World 2 days ago Municipal Lien Search Solution Property Debts 2017-05-26 Brianna Gilpin Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img About Author: Brianna Gilpin May 26, 2017 1,063 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Previous: FinTech Charters May Have Difficult Road Ahead Next: Asurity Technologies Announces Integrated Compliance Platform Sign up for DS News Daily in Featured, Headlines, News, Technologylast_img read more

Business lending: Benefits and value proposition for credit unions

first_img 17SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Blake Marsh Blake Marsh, VCOO of Member Lending with MBL, has been in the lending industry his entire career. He has experience in underwriting, processing, closing, and servicing of SBA and commercial … Web: Details As competition for business lending from traditional and nontraditional sources continues to heat up, credit unions with an eye towards the future turn increasingly towards using a qualified Credit Union Service Organization (CUSO) to help with their member business lending needs. When implemented correctly, the partnership between the credit union and its CUSO can generate tremendous benefit and value for both the credit union and the members it serves.While there are many ways to measure the value of a CUSO partnership for credit union, four main ideas are most relevant.Business lending offers growth opportunitiesIf your credit union does not currently offer business lending and business services to members, it’s really missing the boat. Many of your members are small business owners and in need of cash and guidance when it comes to successfully operating those businesses. Obviously, not every credit union has the expertise on staff to help guide members through the potentially confusing world of business lending (more on this later). By partnering with a CUSO, your credit union avails itself of significant potential growth opportunity by tapping into the needs of business owning members. And these business only members, once served by your credit union, are more likely to turn to you for help in the future and develop a successful and mutually beneficial business relationship.Sound policies and procedures are vital to a successful programAs mentioned above, business lending, particularly when it involves the Small Business Administration (SBA), is potentially confusing. The successful bedrock of any credit union member business lending and services program comes in sound policies and procedures. By teaming up with a CUSO and the wealth of experience they offer, your credit union now has quick access to existing and pre-proven policies and procedures to successfully implement its member business lending and business services program. Starting without this foundation is an invitation to fail.Product diversification is importantGone are the days when credit unions could rely on more conventional member loan products such as new and used vehicles, vehicle refinancing and even mortgages. To succeed in the new economy, credit unions must diversify their product offerings and reach out to the potentially rich member business lending and services market. By diversifying their offerings in this way, credit unions can build a more resilient product portfolio that is less dependent upon a handful of products and services. In this way, credit unions therefore also protect themselves from unforeseen future economic downturns and runaway regulation at the state and federal level.Proper staffing and backup plans are essentialAgain, a great deal of the success of a member business lending and services program comes down to the expertise of your staff. Many credit unions, for a variety of reasons, simply cannot afford to bring on staff with the high level of expertise required to administrate and implement successful member business lending and services programs. When they align themselves with a CUSO, however, credit unions are now partnered with precisely this type of staffing — specifically trained to handle member business lending in an expedited, efficient and courteous manner. Imagine the cost to your credit union if you chose to send one or several of your staff members through the schooling and training required to become truly proficient at member business lending. The cost-prohibitive nature of this, along with the staffing headaches involved, eloquently pointed to the amazing value proposition and benefits to credit unions of teaming up with a qualified CUSO.For more information CUSOs and how credit unions can realize the benefits of partnering with them, contact Blake Marsh at (866) 4MBLLLC or [email protected]last_img read more