iLien Motor Vehicle Outpaces the Competition
Wolters Kluwer’s Lien Solutions has been named winner of a Silver Stevie® Award, Financial Services category, in The 17th Annual American Business Awards® for the development and launch of its iLien Motor Vehicle solution. Lien Solutions triumphed in putting forth a winning submission against a highly competitive field; this year, more than 3,800 nominations were reviewed as part of the award’s judging process.
As a cloud-based SaaS offering, iLien Motor Vehicle provides lenders a single point of management for processing and managing motor vehicle titles. A digital dashboard showcases a complete suite of that activity, effectively interconnecting disparate processes and workflows across an organization, rooting out complexity, saving time, reducing risk, and delivering a better experience for lenders and their clients.
“We are pleased to receive such prestigious recognition for the value iLien Motor Vehicle delivers to the market,” said Raja Sengupta, Executive Vice President and General Manager of Wolters Kluwer’s Lien Solutions. “Our solution addresses a critical underserved need for automotive lenders, from inefficiency in the title perfection process due to insufficient information and manual entry errors, to complexities involving ever-changing jurisdictional regulations, taxes, and fees that can significantly slow down or jeopardize quality of title processing for a vehicle. iLien Motor Vehicle helps put lenders in the fast lane of motor vehicle title perfection.”
“The nominations submitted to The 2019 American Business Awards were outstanding,” said Michael Gallagher, president and founder of the Stevie Awards. “They illustrate the continued vibrancy of innovation and high level of achievement across the American economic landscape.”
Details about The American Business Awards and the list of 2019 Stevie winners are available at www.StevieAwards.com/ABA.
Wolters Kluwer’s Lien Solutions is the market leader, processing one in every three Uniform Commercial Code (UCC) financing statements filed in all U.S. jurisdictions. Its award-winning, flagship iLien solution is a 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 lending portfolio. The iLien suite of offerings includes comprehensive analytics, reporting, monitoring and auto-continuation capabilities, improving lenders’ ability to holistically view lien portfolios in a way that helps mitigate risk and improves the quality and efficiency of a lender’s operations.
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2018 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.