Wolters Kluwer Lien Solutions offers first-class customer support and deep subject matter expertise to enable accurate, fast, and compliant refinance title changes.
Fast. Accurate. Transparent. Complete.
Lien Solutions’ unmatched titling expertise and advanced technology gives you an auto refinance title transfer solution that is:
Fast: Seamless, systematic title processing via our API reduces turn times.
Accurate: Our jurisdictional expertise helps ensure accuracy so you are always up-to-date with changes to requirements in all 50 states.
Transparent: We offer clear visibility into your orders, transactions, and status updates in real time.
Complete: You get all the tools you need to help manage the health of your lien portfolio through the life of the loan.
Are you ready to handle the risk?
Smart lenders and brokers have embraced refinancing of vehicles and specialty assets to balance the drop-off in new loan originations. Whether lenders work with borrowers looking for a better rate, extending the life of their loan, or getting second chance financing, they must consider the added risk to their portfolio. Today, 10%-15% of all vehicle liens go unperfected and delinquency rates are normalizing after volatility during the COVID-19 pandemic. With an estimated average loan amount on a refinanced car of $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 process for refinance title changes.
Take control of your lien portfolio
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:
Secure assets quickly to help you meet service level agreements (SLAs)
Mitigate risk by perfecting motor vehicle titles
Add lien holders to reflect changes in lenders on existing titles
Transfer loan ownership through title-only transactions without a change in registration
Streamline workflows with automation to better manage your operations
Be prepared for audits with activity logs and status updates documenting every step of the titling process
Run NMVTIS and VIN searches and title history reports to avoid possible fraud risk
How are you preparing for risk?
50%
Consumer Reports calculates that a salvage-title car is only worth 50 percent of its Kelley Blue Book value, at best. How are you protecting your assets from devastating loss?
2.9%
Auto loans more than 60 days delinquent have been increasing steadily, at a rate of 2.9 percent at the beginning of the year according to Cox Automotive’s weekly insight. Can you afford such risk in your portfolio?
Knowledge Center
Motor vehicle refinance, perfected
Learn how you can still be driving growth in a changing world.
Motor vehicle refinance infographic
Do your motor vehicle retitling capabilities meet the demands of your business?
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1 According to Transunion
2 Wolters Kluwer
3 https://cars.usnews.com/cars-trucks/refinance-car-loan US NEWS 1/31/22
4 American Financial Services Association
5 Auto Finance News 12/10/21
2 Wolters Kluwer
3 https://cars.usnews.com/cars-trucks/refinance-car-loan US NEWS 1/31/22
4 American Financial Services Association
5 Auto Finance News 12/10/21