Wolters Kluwer’s Lien Solutions has been named a Bronze winner in the New Products and Services category of the 2018 Golden Bridge awards. The awards are an annual industry and peer recognition program that honors the best companies in every major industry.

Wolters Kluwer’s Lien Solutions was recognized for iLien, a market-leading, 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. Within iLien, the solutions’ new Manage capabilities provide comprehensive, concise information that gives lenders clear understanding of issues that could compromise their protections in real time. iLien’s Manage functions automate manual processes to improve quality, efficiency and mitigate risk and offers a holistic view of data that helps maintain a healthy loan portfolio with complete confidence.

Sheira Smith of City National Bank utilizes iLien and its Manage functionality. She highlighted the importance of having a single touchpoint for managing a large portfolio of liens.

“I don’t have to have people in 20 locations monitoring,” Smith said. “I can do it in one location and have just one person managing it. The highly integrated approach to lien management is the result of a close working relationship between the bank and Lien Solutions—one where insights and innovations can be readily shared and actively applied.”

“Lenders often have thousands of outstanding loans, and keeping track of and updating them all can be a significant drain on time and resources. Lien Solutions’ Manage function offers a better, more proactive automated way to mitigate our customers’ risk and protect their portfolios, providing organizations with the most advanced, complete, one-stop lien management system in the market,” said Raja Sengupta, Executive Vice President and General Manager of Wolters Kluwer Lien Solutions. “Receiving the Golden Bridge award is a tremendous honor—and also wonderful validation of our nearly 30-year commitment to innovation and technologies that help empower lenders to mitigate risk and operate more efficiently.”

Lien Solutions is part of Wolters Kluwer’s Governance, Risk and Compliance division and provides data for clients researching organizations during the lending process and works with lenders to secure and protect their legal interests. Lien Solutions places an emphasis on managing the lien process amidst the ever-changing compliance environment and across multiple jurisdictions throughout the lifecycle of a loan. Its more than 3,000 clients include many of the largest and most sophisticated banks, equipment leasing financers, and other organizations creating and managing liens.