DDI Technology Partners with the Indiana Bankers Association
DDI Technology ("DDI") a leading electronic lien and title technology firm and a subsidiary of IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers announced today a partnership with the Indiana Bankers Association ("IBA"). DDI was selected by IBA as a preferred service provider for electronic lien and title services ("ELT"). The new agreement allows DDI to offer its innovative, 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 provides complete title management solutions for lender's motor vehicle title portfolio. The web-based platform enables 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. It also significantly streamlines the lien release process.
"We are excited to have DDI as a preferred service provider," commented Rod Lasley, IBA Executive Vice President. "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 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," said Ann Gunning, DDI Vice President Operations. "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. It drives an expedited titling process, eliminates paper storage and creates a more responsive customer support system."
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