Minimize the risks of fixture filings
As a growing number of Americans opt to undertake home renovation projects, the market shift is creating significant opportunities for lenders. However, when issuing loans for assets attached to real estate, financial institutions must properly secure and protect their interest in the collateral. This is often accomplished through a fixture lien, a legal claim placed on a borrower’s property that encompasses equipment attached to the real estate. While fixture filings represent an attractive option to protect collateral interests, the filing process can be inherently complex, requiring additional property information, steps, and due diligence in order to properly mitigate risk.
Today’s lenders can alleviate the challenges of fixture filings by leveraging automated solutions that help streamline the filing process, reduce errors, and ensure their interests remain fully protected. Our white paper, “How to Minimize Fixture Filing Collateral Risks in Consumer Lending,” explores the potential risks of fixture liens; how to optimally safeguard filings; common challenges that lenders face; and the automation tools needed to succeed.
