Lenders can join the growing ranks of financial professionals utilizing
Docket Alarm to enhance their businesses. Not merely for attorneys, Docket
Alarm’s search and analytics platform help lenders easily conduct due diligence
and even automate due diligence tasks. This is most beneficial when information
on a potential borrower is scarce.
Data points from Docket Alarm can be used to evaluate the level of risk
associated with lending to certain borrowers, industries, and geographical
areas. For example, users can view and track the number of bankruptcies for a in
a geographic area, whether the bankruptcies for that entity are tending upward
or downward, the bankruptcy history for a particular entity or individual, the
litigation history for a particular entity or individual, and more. Moreover,
this data is always up-to-date, so you can be confident that you are provided
with the latest, most accurate information.
Lenders can also flag entities and individuals to receive continuous,
automated updates on their bankruptcy and litigation records. Once you conduct
a bankruptcy or litigation search on a party, you can click the “Track this Search”
button to receive an alert when a new bankruptcy or litigation docket is
created or when an existing docket is updated. These alerts are sent right to
your inbox, and contain a summary along with a PDF attachment of the new or
updated document. This feature eliminates the need to login to the platform to
view new information.
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