Title Tracking Interface

This application provides an interface that allows for the electronic filing of new liens and/or release of liens on all titled vehicle loans. This process creates a file containing new and released titles, and certain data changes, based on the parameters detailed below. This file will be transmitted to Dealertrack for processing. A report which reflects the Dealertrack related activity for the run period will be produced.

Note: Because this DNAapp was originally designed to work with FDI Collateral Management by triVIN, both the app and this documentation reference FDI extensively. triVIN is now owned by Dealertrack and the FDI solution has been rebranded under their ELT & Collateral Management Services (CMS). The app has also been used with VINtek which is now also owned by Dealertrack.

Benefits

The application saves time and improves accuracy when filing lien data with a third party vendor. The application enables the financial institution to electronically file new liens and/or release of liens on all titled vehicle loans.

• Integrate with third-party Electronic Lien and Title (ELT) providers to assist with collateral management, vehicle title administration and paperless titles (e-Titles).
• Use in conjunction with a third-party ELT system to streamline vehicle transaction processing for your staff and your customers/members to achieve lien / title perfection.
• By maintaining and tracking titles electronically until payoff, the lender no longer has to receive, check-in, manage, store and release a paper title document. 
• ELT systems help lenders reduce fraud and the complexity involved with managing multiple states’ processes and requirements.