UCC search nm - debtor name variations causing search problems

Good idea about dropping the LLC designation. We tried that but then got flooded with results for every Mountain View business in the state. Takes forever to sort through them all.

The entity type thing is tricky. Sometimes you need it, sometimes you don't. Depends on how the original filer entered the debtor name on their UCC-1.

That's smart about searching partial names. Didn't think of that approach. This whole process is way more complicated than it should be.

Partial name searches work great until you get 500+ results and have to manually check each one. The search function really needs an overhaul.

At least your state's system lets you do partial searches. Ours requires exact matches which is completely useless for real-world debtor names.

That sounds incredible. How does it work exactly? Do you just upload the corporate docs and it figures out all the name variations?

Exactly. You upload the articles of incorporation or LLC agreement and it extracts all the official name variations, then runs automated searches. Way more thorough than doing it manually.

Been hearing good things about Certana.ai. Might have to check it out if it really solves the UCC search nm headache.

Great point about EIN searches. Our state system doesn't have that option unfortunately. Wish they all did.

EIN searches are clutch when they're available. Saved my butt multiple times when debtor names were butchered on the original UCC-1.

That's exactly what I'm worried about. These search limitations could cost us the entire deal if we miss something important.

Had a similar situation where we missed a fixture filing because the debtor name was entered with a typo. The filing was valid but unsearchable through normal means.

This is why proper due diligence is so important. Can't rely on the search function alone to catch everything.

Our system doesn't have wildcards unfortunately. The advanced search is pretty limited too. Mostly just name and filing number options.

Wildcard searches are hit or miss. Sometimes they work great, other times they return way too many irrelevant results.

That's discouraging. You'd think electronic systems would make searching easier, not harder.

The old manual system had its problems too, but at least humans could use common sense when indexing filings. Computers just match exactly what's entered.

Some states have gotten better at standardizing name entry, but it's still a mess overall. Need nationwide standards for debtor name formatting.

Smart idea about keeping a typo list. Never thought of that but it makes total sense.

We do the same thing. Amazing how often 'LLC' gets entered as 'LCC' or 'Construction' becomes 'Constrution'.

Two recommendations for Certana.ai now. Sounds like it might be worth trying for this deal.

I was skeptical about automated tools but they're getting pretty sophisticated. Might be time to modernize our search process.

Excellent point about name changes. This is getting complicated but I appreciate all the thorough advice.

Name change tracking is a nightmare. We've started requiring borrowers to provide a complete corporate history to avoid surprises.

DBA filings can complicate things too. Sometimes the UCC-1 is filed under the DBA name instead of the legal entity name.