Wolters Kluwer Lien Solutions has earned 2021 IT World Award accolades for product excellence in two of its most prominent offerings: iLien Motor Vehicle, for “Best IT Software,” and iLien for Lien Management, in the “Best IT Products & Services, Finance/Banking” category.
As a cloud-based SaaS offering, iLien Motor Vehicle delivers a single solution for processing and managing motor vehicle titles. The offering helps solve the most unique and complicated challenges in title perfection. iLien for Lien Managementis a portfolio of web-based solutions that enable lenders to manage and address risks in their entire Uniform Commercial Code (UCC) lien portfolio with analytics, proactive reporting, and automation.
“These highly competitive award wins reflect the value these offerings are providing our lender clients to help manage portfolio risk, reinforcing our longstanding commitment to product innovation and leadership in UCC lien management and vehicle titling solutions for the lending industry,” said Suzanne Konstance, Vice President, Product Management and Marketing for Wolters Kluwer Lien Solutions. “Our clients have played an integral role in the development of these solutions, which not only differentiate Lien Solutions’ market offerings but materially support our clients’ work to improve the delivery of services to their end-customers.”
Now in its 16th year, the IT World Awards is the IT industry’s premier excellence awards program, honoring achievements in every facet of the information technology industry. Entries are adjudicated by panels of IT industry professionals.
Wolters Kluwer Lien Solutions, part of Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, provides comprehensive lien management, debtor due diligence, monitoring, and risk management solutions to financial professionals—including a comprehensive set of APIs that lenders can use to automate their workflows. Its iLien suite of products provides solutions for asset-backed loan, real-estate and vehicle title processing and management to help reduce complexity in lien lifecycle management and promote more confident lending decisions.
Wolters Kluwer’s GRC division provides an array of expert solutions to help financial institutions manage regulatory and risk obligations. Wolters Kluwer Compliance Solutions’ eOriginal® suite of purpose-built, digital lending solutions, for example, helps lenders digitize their transactions and features electronic signatures, collateral authentication and an electronic vault. Wolters Kluwer Lien Solutions’ iLien for Main Street helps lenders optimize their due diligence and lien management efforts when securing loans for small and medium-sized businesses under the Main Street Lending Program. Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), meanwhile, is a global market leader in the provision of integrated regulatory compliance and reporting solutions.
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