Friday, Jun. 26, 2020, 11:15 AM
DDI Technology is now more entrenched in the Hoosier State.
On Thursday, the electronic lien and title technology firm and subsidiary of IAA announced a partnership with the Indiana Bankers Association (IBA). DDI was selected by IBA as a preferred service provider for electronic lien and title services.
Officials highlighted the new agreement allows DDI to offer its customizable web-based technology to the IBA and its 124 member banks as the state of Indiana begins to implement a new law for ELT that will take effect in the first quarter of 2021.
Driving efficiency, cost-savings, and fraud prevention, DDI’s technology can provide complete title management solutions for a finance company’s motor vehicle title portfolio. The web-based platform can enable a bank to receive notifications and electronic copies of the title directly from the Bureau of Motor Vehicles, while interacting with the bank’s existing loan system.
DDI insisted its platform also can significantly streamline the lien release process.
“We are excited to have DDI as a preferred service provider,” IBA executive vice president Rod Lasley said in a news release. “With their excellent web-based platform and their outstanding customer service, we know our banks will get an excellent ELT solution when they partner with DDI.”
DDI vice president operations Ann Gunning added, “DDI Technology offers the nation’s leading electronic lien and title technology, directly integrated with over 5,200 financial institutions, as well as the department of motor vehicles of 26 states.
“DDI’s suite of technology solutions focuses on critical areas of title and lien release management including electronic vehicle registration, electronic lien and title processing, and electronic lien payoff,” Gunning continued. “It drives an expedited titling process, eliminates paper storage and creates a more responsive customer support system.”