Lenders benefit from having a vehicle title solutions expert on their side. Lien Solutions has decades of experience working with lending operations on the vehicle titling and registration process. We offer streamlined workflows for title processing in every U.S. jurisdiction to help lenders maintain perfection of their motor vehicle liens.
Part of the complexity of motor vehicle registration is differing fees and taxes across jurisdictions. We give lending operations an estimate of a jurisdiction’s lien tax and fees to provide their commercial and consumer borrowers at loan origination.
Our SaaS solution takes lenders through the full vehicle title and registration process, or just the prep work if that’s all they need. We offer an Application Program Interface (API) with Loan Origination Systems (LOS) to decrease redundant data entry. We help make registering vehicles and perfecting lenders' motor vehicle liens a smooth process.
Lenders may need to add or remove lienholder names on vehicle titles to ensure they remain accurate, and the lenders’ interests are still protected. Lien Solutions helps organizations to add or remove lienholders in all jurisdictions.
Once a borrower fulfills their financial obligation, they obtain the title to their vehicle, and the creditor releases their lien. Our solution provides you with an efficient workflow for the lien release process in any U.S. jurisdiction.
Vehicle owners might transfer title with a lien still on the vehicle. The most common lien transfer scenarios are when an individual sells their vehicle or passes away before paying off a loan. Lien Solutions helps lenders make sure the title is altered correctly based on the title state's transfer requirements — helping keep their perfected interest intact.
Any number of scenarios can require a title correction or change, such as the borrower getting married and taking a spouse’s last name. With Lien Solutions, lenders can make a title change or assist the borrower in doing so correctly to help ensure they don’t lose their priority as a creditor.
Many borrowers have a hard time keeping track of their vehicle titles, or they might lose them in a flood or fire. It’s possible to quickly ascertain a jurisdiction’s DMV requirements to obtain a duplicate vehicle title.
Lenders are always on the lookout for title swapping and other forms of vehicle title fraud. This includes performing title due diligence, like a VIN search, which organizations can do quickly and easily through Lien Solutions.
Lenders might go through the vehicle repossession process when borrowers default on their loans. Our solution helps lenders efficiently handle repossession titling so they can limit their losses as much as possible.
