MBSi Launches Lien Verification Solution to Assist Lenders, Forwarders and Agencies Avoid Repossession in Error

Verifying Liens is RecoveryConnect’s Latest Product Innovation to Reduce Recovery Risk While Driving Efficiencies

Medford, MA, March 4, 2025 – With wrongful repossessions costing lenders and forwarders up to an estimated $1 million annually, MBSi has introduced a solution which significantly reduces lien lost risk and associated costs. Lien Verification is a new product solution embedded within MBSi’s industry-leading RecoveryConnect platform, which automates the process of checking vehicles for lienholder changes to ensure assets are eligible for repossession.

Financial institutions face pressure to ensure regulatory compliance and avoid wrongful repossessions and associated penalties. Traditional manual verification processes are resource-intensive and prone to errors. MBSi’s integrated Lien Verification solution fully automates the process, offering efficiency, cost savings and improved compliance.

Lien Verification proactively and seamlessly checks for lienholder changes on a selected vehicle or a user’s entire portfolio within RecoveryConnect. The solution taps into data providers to conduct nationwide searches compared to state-by-state searches for a more accurate and reliable verification.

When Lien Verification detects a lien has changed hands, the case automatically goes on hold, stopping repossession activity until reviewed by the client, preventing wrongful repossessions and saving lenders and forwarders time and money. This information is presented to service providers on the case, including the repossession agency, letting them know the last lien check date to give them confidence assets are available for repossession.

“Lien Verification is an exciting advancement in what we offer our lender and forwarder clients,” said Heather Ford, Senior VicePresident of Product and Marketing, MBSi. “We heard directly from our clients that costs and legal risks of wrongful repossessions are a major pain point. This tool goes a long way in helping solve those issues by offering users an automated way to verify lienholders. And because Lien Verification is embedded within RecoveryConnect, there’s not an additional platform to learn and manage, making the process completely seamless.”

With stakeholders demanding transparency and accuracy in today’s competitive market, MBSi is focused on developing advanced products and tools to help our clients build trust, maintain compliance and reduce costs. MBSi continually invests heavily in research and development and is product-driven and customer-focused, offering customers the most stable, scalable and compliant solutions on the market.

About MBSi

MBSi is a leadingSoftware as a Service (SaaS) provider in the auto finance industry, specializing in creating real-time connections between lenders, forwarders, and recovery agencies. MBSi is committed to developing technology solutions that increase efficiency, security, and compliance, helping our clients streamline operations and minimize risk.

Our flagship product, RecoveryConnect, enables seamless assignment management between lenders and recovery agencies, while VendorConnect offers transparency and compliance oversight for third- and fourth-party vendors. At MBSi, we blend industry expertise with cutting-edge technology to drive innovation and results.

For more information on Lien Verification or other MBSi solutions, please visit www.mbsicorp.com.