NCS Introduces the Credit Risk Management Breakthrough: LienFinder™

CLEVELAND, Oct. 9, 2014 /PRNewswire/ -- Founded in 1970, NCS, the largest national service provider of notices, mechanic's liens and bond claims is proud to present its new product LienFinder™. NCS created LienFinder™ through their understanding of the needed intricacies specific to the construction credit world.

"Over the past 2 years NCS took an in-depth look on how we can better help our clients manage construction risk," says NCS President Mary B. Cowan. "We understand how critical project information is to the construction credit professional, and with that mindset, we created a solution – a source of data that provides meaningful information for the construction industry, hence the development of LienFinder™."

LienFinder™ captures commercial construction project data nationwide, from hundreds of recording offices­ daily. The user may search and review Notice of Commencement, Notice of Completion, Mechanic's Liens, Payment/Performance Bonds, Leases, Amendments and Releases.

"LienFinder™ is business intelligence," says Cowan. "You have instant access to recorded notices,  mechanic's liens, and other construction documents from over 900 of the largest counties, all over the country, in one place. We normalized specific county recording indexes and search engines resulting in the user being a keystroke away to predict, assess and manage risk."

"You can search easily to gain information that is meaningful from this overwhelming mass of big data. We currently have over 300,000 projects in the database and 800,000 parties. Our data acquisition team is adding approximately 2,000 projects every day. We review tens of thousands of documents a day in order to gather these specific documents" says Cowan.    

LienFinder™ may be used to gather job information, evaluate creditworthiness, and search under a multitude of criteria such as project, party, party type, zip code, county, and state. The user may search for documents related to a project and view their competitors' involvement on a project. The user may also monitor the projects, or any of the parties on a project, and receive email notifications when something new is recorded.

"We've had requests for years about a national database of mechanic's liens, and now we've created one," states NCS Executive Sales and Education Services Manager Jerry Bailey. "This is the only national database of its kind. It's a tremendous tool for those in the construction industry for gathering job information, and evaluating credit risk…and not just your customer's risk, really for anyone involved with that project. It's an NCS innovation that will help you reduce cost as well as risk."

NCS is currently offering 2-week free access passes to LienFinder™. Interested parties may call NCS at 800-826-5256 or email [email protected] for more information.

Since 1970, NCS has been the leader in providing credit professionals, throughout the U.S. and Canada, with proactive solutions to secure receivables, minimize credit risk and improve profitability. Specializing in commercial collections, the preparation and filing of mechanic's liens, and a full-service UCC filing program, NCS provides superior service and customized solutions to meet your needs.

NCS' Collection, Construction, and UCC services, including Education & Resources, assist you in Securing Your Tomorrow, throughout North America and internationally. Learn more about NCS at www.ncscredit.com.

For further information, please contact NCS at: 800-826-5256 or email at: [email protected].

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SOURCE NCS