Trends In Auto Loan ServicingNo.12
MORE consumer, dealer, state DMV online activity MORE opportunity to optimize loan service
Discussion with VP of Titling Solutions Kait Gavin on these trends and more
There’s no doubt, it’s never been a better time for lenders to optimize their vehicle payoff & title release process. The right digital toolset drives efficiency in interactions with consumers, dealers and insurers — whether it involves a vehicle trade-in or total loss event.
Loan Service Expert Deshaun Shepperd sits down with Kait Gavin to dive into how these trends impact your loan service operations — and Cox Automotive’s focus on comprehensive and effective titling solutions to bring synergy across consumer, dealer, state and insurer transactions.
Deshaun Sheppard
Loan Service Expert
More consumers are taking more of their purchase steps online. More cross-state deals are happening. More state DMVs are moving to electronic processing. And more total loss events are occurring as vehicles are outfitted with more technology. All impact loan service operations, which is why upgrading your Dealertrack CMS service to include Accelerated Title is a smart initiative.
Smooth the points of friction inherent to manual process steps, improve your operational efficiency and boost your bottom line: your Accelerated Title upgrade is free, and onboarding can be completed within a month’s time.
Fill out the form at right, or set a meeting with me now through MY CALENDAR to get started.
Past Articles
Trend No. 1
More Total Loss Transactions.
More Complexity.
Since we already service your titles, optimizing your payoff & title release process is quick and easy.
