Decision Dynamics Endorsed ELT Vendor for NC Bankers
Decision Dynamics, Inc. (DDI) has been selected as the endorsed Electronic Lien and Title (ELT) vendor by Community Bank Services (CBS) for members of the North Carolina Bankers Association.
Lexington, SC, October 31, 2013 – Decision Dynamics, Inc (DDI) is pleased to enter into a relationship with CBS, a subsidiary of the North Carolina Bankers Association (NCBA). This partnership centers around providing NCBA member banks with Electronic Lien and Title (ELT) service through DDI’s web-based software application, Premier eTitleLien®.
Kim T. Hutchens,
Executive Vice President, CBS
The North Carolina Department of Transportation Division of Motor Vehicles is working within legislation that requires implementation of an ELT program by July 1, 2014. Within one year, or by July 1, 2015, North Carolina banks and other lenders that process five or more vehicle liens per year must enroll in the program in order to obtain titles to secure their vehicle collateral. North Carolina will join a growing number of states that are transitioning to electronic titling to reduce fraud, improve efficiencies, and provide cost savings for both the NC DMV and ELT participants.
Community Bank Services performs an extensive review process for all endorsed vendors to ensure NC banks have access to quality services. Kim T. Hutchens, Executive Vice President, CBS reports, “Community Bank Services (CBS), a wholly owned subsidiary of the North Carolina Bankers Association, has entered into an endorsement relationship with Decision Dynamics, Inc. (DDI). As the North Carolina banks enter into compliance with recently passed legislation, we are fortunate to have the experience and outstanding customer service of DDI. We look forward to their guidance and knowledge in the electronic lien titling program.”
“DDI is honored to have been selected as the Endorsed ELT Vendor for the North Carolina Bankers Association members by Community Bank Services”, says Glenn Thames, DDI’s President and CEO. “Over 2,600 lenders nationwide currently enjoy the benefits of Premier eTitleLien®, and we believe that a strong partnership with the North Carolina Bankers Association, will allow a seamless transition to ELT for North Carolina banks.”
DDI currently processes North Carolina vehicle titles for its customers through the Premier Title and Registration Service Center. This service works seamlessly with Premier eTitleLien®, allowing customers to manage titles from any US jurisdiction in a single system. Premier eTitleLien® includes a number of features specifically for North Carolina banks and other lenders, including preparing NC title application forms and performing vehicle/title inquiries.