Suzanne Konstance | Source | Vice President and Leader of Lien Solutions business at Wolters Kluwer Compli...
Suzanne Konstance
Suzanne Konstance is vice president and segment leader leading the Lien Solutions business within Wolters Kluwer Compliance Solutions. She works with a cross-functional team of more than 1000 professionals dedicated to providing lenders with effective and innovative solutions in compliance and risk mitigation. Her focus is on driving best-in-class UCC filing/lien management, real property and vehicle titling and lien solutions for the lending marketplace.
Konstance has a deep product management and marketing background and cross-functional experience at Wolters Kluwer as well as several major banks and equipment financing institutions she has worked for in the past. At Wolters Kluwer, Konstance and her team have brought to market several major financial services innovations fostered with the aid of deep customer consultation and input.
-
Wolters Kluwer Compliance Solutions (https://www.wolterskluwer.com/en/compliance)
Vice President and Leader of Lien Solutions business
started Nov 2015
-
“Picking the Right Technology for a Bullet-Proof Risk Appetite Statement"
The second of a two-part published article, this second thought piece looks at some specific examples of data variability and how advances in technologies such as artificial intelligence are ushering in a new era of data transparency and access to lien and debtor data.
Article
-
"Often, lenders think UCC filings fall into the “set it and forget it” category for a lender. Once it has been filed, a lender may assume that they can concentrate on their other work, thinking their interest is protected. But that is not the case. A lien may not hold up if it was not filed with the absolute correct name (even an extra space in a name or a period can make a difference). If a lien was filed in an incorrect jurisdiction, or if a debtor moved or changed their name again, the lien may not be effective." ABA Banking Journal, June 2020)
-
"Lien management affects a financial institution’s risk profile in a significant way and, accordingly, should be a part of a risk officer’s daily agenda. Historically, liens have been viewed as binary, i.e., they were considered to be either secured or unsecured, so the complexity that exists with liens was not even on lenders’ radars. But locating the loan review process within a bank and seeing how lien perfection is managed can provide useful insights about how and where a bank is vulnerable to risk." (ABF Journal, January 2023)
