CARMEL, Ind. –
PAR North America launched centralized title warehousing and electronic title processing services that the business unit KAR Global said is in compliance with all state regulatory requirements.
PAR explained its title services can save customers additional staffing and storage costs and provide confidence that needs are met in a timely, efficient and compliant manner.
“At PAR, we’ve created a more efficient, convenient experience for our clients with expanded and innovative services to meet all their needs,” PAR president Lisa Scott said in a news release distributed on Thursday.
“Our warehousing service relieves customer pain points while ensuring adherence to all regulatory requirements,” Scott continued. “Plus, our electronic title processing service gives customers digital access to titles across North America, anytime day or night—offering customers the most seamless, all-encompassing solution in the industry.”
PAR acknowledged title warehousing and processing is a manual, paper-driven process for auto finance companies, so the company has streamlined and centralized these services.
Now, PAR can work on behalf of its customers to process and warehouse vehicle titles during the financing, recovery, auction and resale of a vehicle. PAR will store, process and send vehicle titles directly to the consumer while providing full transparency and digital access to title images at any time 24/7.
“The team at PAR works very closely with our clients to provide strategic solutions and deliver benefits and value beyond typical vehicle transition services,” Scott said. “Plus, we stay connected and in lockstep with the National Titles Solutions Forum to monitor the most up-to-date changes in state titling requirements.”
PAR’s title services are just one segment of the company’s full repossession lifecycle management solutions. The title services group can deliver more than a dozen solutions to customers, from repossession, redemption, corrected and duplicated titles to tracking, history, storage and transfer of equity.
PAR is a leading U.S. provider of vehicle transition services with coast-to-coast solutions for compliance tracking, recovery management, remarketing, skip tracing and title services. PAR leverages its corporate family connections under the KAR Global umbrella to provide unique end-to-end solutions to more than 400 clients nationwide.
For more information about PAR and its new title management services, visit https://parnorthamerica.com/.