Electronic Titles Now Available in GA and SC
Decision Dynamics, Inc. (DDI) encourages all Georgia and South Carolina lenders to join other leading loan officers and lenders in a revolutionary new lien and title process that will transform your paper-based process into a
stream-lined electronic process using the web.
The Georgia Bankers Association (GBA), through its subsidiary, GBA Services,
Inc. (GBASI) recently announced the endorsement of DDI as a Strategic Partner
and provider of Electronic Liens and Titles to all Georgia banks. All banks are
invited to the ELT Open Forum on May 20, 2008! Register at
www.iwantelectronictitles.com.
Premier eTitleLien™, a leading web-based computer program developed by DDI, provides banks, credit unions, and other financial institutions more efficient management of their liens
on vehicle and mobile home titles by keeping electronic ownership records in lieu of a surplus of paper titles.
This innovative new program and application provides your loan department with the capability to electronically exchange lien and title information with the GA MVD and the SC DMV.
Premier eTitleLien™ allows messages related to titles with liens to be exchanged electronically, reducing filing and mailing costs. There is an immediate appeal to the state titling agency, as the printing and mailing of many paper titles is greatly reduced.
The benefits to lenders are greater. Both large and small lenders benefit from reduced filing and handling of titles. Receiving an electronic title from the state titling agency allows lenders to compare the title data with their lien application to ensure accuracy. Perfected titles arrive much quicker and mailing clean titles to customers after a lien is released is handled by the state titling agency automatically.
Premier eTitleLien™ also provides fraud reduction features including a “Lien Alert” system to notify lenders issuing a loan that a lien is in process. With Premier eTitleLIen™, a number of additional services are available to assist in accurate lien and title processing, including: electronic request for a paper title, electronic generation of the title forms, VIN verification, VIN valuation, and reports for printing title summary information and exception conditions.
Premier eTitleLien™ also helps reduce errors by preparing the state title application forms and importing vehicle and owner information from other loan systems.
Premier eTitleLien™ has been in use since 2006. An active Users Group meets twice a year to share best practices and meet with the state titling agencies to further the goals of electronic titles and associated paperwork.
