Speed vehicle payoff & title release to 4-6 days.*
Optimize collateral management operations, and at the same time foster dealer partnerships, through this industry-exclusive solution.
Reduce vehicle title payoff and title release by up to 70 percent.*
Dealertrack data shows the traditional dealer payoff & title release process may take, on average, 12-18 days or more — so we did something about it.
*Based on average timeframe title release and vehicle payoff process of 18+ days, as determined by Dealertrack data.
More Payoff, Less Process
In 2019, roughly 25-30M titles per year* were released by lenders to third parties, placing a huge burden on call centers and overall titling operations. Accelerated Title was devised specifically to relieve call center inquiries and mitigate incorrect payoffs that create extra work and delays.
Optimize your process for:
Dealers looking to resell trade-ins and lease returns
Insurers managing total loss claims
And coming soon – other lenders assuming lien through customer refinancing
How Accelerated Title Works
Four inter-connected components create a streamlined process:
Accurate payoff amounts for your titles are obtained through Dealertrack uniFI®
Payments are submitted through Dealertrack via ACH processing
Status of payment and title release is updated in real-time on Dealertrack
Statements & reporting is also available 24/7
How Much Can You Save?
Wondering how much the traditional payoff and title release process hits your bottom line? Use our online calculator tool to estimate your potential ROI.