Suzanne Konstance, Vice President, Product Management and Marketing for Wolters Kluwer Lien Solutions, will offer insights for risk management professionals on managing their risk appetite statements (RAS) at the Risk Management Association’s Governance, Compliance, and Operational Risk Conference 15 (GCOR XV), June 7-10. Her presentation, “Strengthen Your Lines of Defense: The Value of Lien Monitoring for a Bulletproof RAS,” will take place Tuesday, June 8, at 4:30 EDT.
Lien imperfection comes in many different forms and can introduce significant hidden risk to a lending operation. Based on its analysis of public Uniform Commercial Code (UCC) data, Wolters Kluwer Lien Solutions has found that approximately 20 percent of all commercial loans are at risk due to errors with the UCC filings intended to secure them.
“My presentation aims to teach risk officers how to more effectively work with their operations teams to quantify loan portfolio risk—and to provide real-world examples of what can happen when lien management falters,” said Konstance. “I want to demonstrate how technology that leverages AI and automation strengthens an organization’s lines of defense and informs a strong risk appetite statement.”
The presentation will focus on the importance of monitoring and reviewing lien perfection for the businesses and products that risk managers oversee, highlighting the importance of consolidating the view of an organization’s liens and their combined risk. It will also illustrate how an end-to-end lien management system can help ensure accuracy and simplify loan portfolio reviews.
Wolters Kluwer Lien Solutions, part of the 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 Motor Vehicle provides for the processing and management of motor vehicle titles and liens, helping solve the most unique and complicated challenges in title perfection. Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), meanwhile, is a global market leader in the provision of integrated regulatory compliance and reporting solutions.