Are you prepared to handle the risk?

Smart lenders and brokers have embraced refinancing of cars and larger vehicles and equipment to balance the drop-off in new loan originations. Whether lenders work with borrowers who are looking for a better rate, extending the life of the loan, or getting second chance financing, they must consider risk to their portfolio. For example, refinancing loans for subprime borrowers (an estimated 20% of the total automotive loan market) is inherently risky. With an average loan amount on a refinanced car estimated at $25,000, lenders must ensure they have secured the asset in cases of delinquency.

Managing this risk is challenging, especially with manual and tedious in-house titling processes that can’t offer fast turnaround times or handle volume spikes. And keeping up with jurisdictional requirements as you expand into new states can be difficult. Now lenders and brokers can leave these administrative burdens behind and transform the titling process.

iLien Motor Vehicle is a Web-based, automated refinance titling solution that helps you:

  • Secure assets quickly to help you meet service level agreements (SLAs)
  • Mitigate risk by perfecting motor vehicle titles
  • Operate more efficiently with automation that streamlines workflows so you can better manage your operations
  • Prepare for audits with activity logs and status updates documenting every step of the titling process
  • Serve the customer with a digital solution that speeds and simplifies their refinancing experience

Fast. Accurate. Transparent. Complete.

Lien Solutions titling expertise and advanced technology means you get a solution that is:

Fast – Seamless, systematic titling processing via an API reduces turn times

Accurate – Always up-to-date with changes to jurisdictional requirements in all 50 states

Transparent – Offering you clear visibility into your orders, transactions, and status updates

Complete – Giving you tools to manage the health of your lien portfolio through the life of the loan

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Total control

With its easy-to-use interface, iLien Motor Vehicle offers total portfolio visibility and simplifies your workflow.
From one end-to-end solution, you can confidently handle title processing and ongoing title management tasks:

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Add lien holder

Reflect a change in lender on existing titles
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Title-only transaction

Transfer loan ownership without a change in registration
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Title history reports

NMVTIS and VIN searches to avoid possible fraud and ensure proper lien holder name

Did you know?

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Consumer Reports calculates that a salvage-title car is worth 50 percent of its Kelley Blue Book value, at best. How are you protecting your assets from devastating loss?
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automotive loans and leases are either 30- or 60-days delinquent. Can you afford such risk in your portfolio?

Expand your knowledge

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