| For Lenders |
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- Faster lien release
- Lower administrative costs
- Reduced risk of lost titles
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| For Service Providers |
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- Provide lien management solutions
- Compliance with standards
- Secure API-based Integration that enables electronic data exchange capabilities
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| For Taxpayers |
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- Faster lien releases
- Quicker access to clear titles
- Less paperwork
- Improved fraud protection
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| For Dealerships |
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- Reduced wait time on titles: When your dealership pays off a loan during a trade-in, lenders participating in the ELT can electronically release a lien and send the title to your dealership.
- Faster Trade-In Turnaround: Streamlined lien release and title delivery through the department ELT system helps dealerships complete trade-in transactions quicker, reducing inventory holding time and improving customer satisfaction.
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