IAA subsidiary DDI Technology is trying to make the titling process smoother for dealerships, finance companies and insurers that have vehicles in Michigan.
DDI Technology announced the expansion of its electronic lien and title (ELT) services and Premier eTitleLien product into Michigan, becoming one of just two certified ELT service providers approved by the Michigan Secretary of State.
The company said features of DDI Technology’s ELT services include:
—Premier eTitleLien solution offering powerful built-in tools to deliver value-added benefits.
—Competitive transaction-based pricing with no monthly user fees, support fees or monthly minimums
—Customized workflow and process options
—Exceptional customer support
“DDI has 22 years of experience bringing its industry-leading ELT solutions to lenders across the U.S,” DDI Technology senior director and head of business development. Troy Moore said in a news release.
“Beginning in March, lenders in Michigan will join a growing market of institutions receiving the value-added benefits of an electronic lien filing process supported by our exceptional product and customer service teams,” Moore continued.
DDI’s Premier eTitleLien solution can streamline title and lien release management, simplifying the title process by reducing fraud and errors while allowing finance companies to eliminate paper title storage, such as lien cards, and receive quicker confirmation of lien placement.
The platform can provide electronic lien processing, including electronic filing of liens for certain refinance transactions available through the Michigan ELT program.
Additionally, the Michigan Title Inquiry transaction is built into Premier eTitleLien, reducing fraud for lienholders as well as delivering time and cost savings.
“We are excited to welcome Michigan lenders to the growing list of institutions connecting through electronic processes,” IAA vice president of client solutions and DDI president Tab Edmundson said.
“DDI’s growing national footprint is not only creating numerous time-saving benefits for individual lenders but is also driving faster claims processing times across the industry,” Edmundson went on to say.