Our comprehensive ELT solution manages data exchange between the lienholder and the participating state DMV, and also provides software that helps perfect title information. ELT allows you to increase productivity by eliminating multiple touch points, and reduces title release complexity through electronic lien satisfaction. Benefits also include lower instances of fraud with paperless titles and improved customer/dealer satisfaction.
Collateral Management Services (CMS) pioneered ELT in California in 1989, and since then has become a leader in terms of development and innovation – successfully implementing ELT in all enabled states. Our deep involvement with jurisdictions keeps us at the forefront of new initiatives and requirements that help our partners stay in compliance.
"The one-stop-shopping factor is what is most beneficial for me. I have a lot of years handling title work for numerous states and though I could accomplish it all manually, having CMS at hand to keep all the different states and types of titles organized is well worth the cost."
– Kara Sellers, Berkshire Bank
We have built partnerships with more than 7,500 lenders nationwide, and are endorsed by several key state banking and credit union associations. That enables us to work with member banks throughout the nation.
Create greater collateral management efficiency with Electronic Lien and Title, a simple and powerful way to reduce costs, eliminate delays and streamline processing.
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