Electronic Lien and Title. Reduce costs and eliminate delays with a comprehensive, web-based ELT solution

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1 Electronic Lien and Title Reduce costs and eliminate delays with a comprehensive, web-based ELT solution

2 (ELT): The Preferred Method of Title Management Create greater collateral management efficiency with ELT, a simple and powerful way to reduce costs, eliminate delays and streamline processing. Dealertrack s comprehensive ELT solution facilitates and administers data exchanges between the lienholder and the participating state department of motor vehicles, and also provides software that helps the lienholder perfect and manage title information. Providing this type of efficient workflow is what we do at Dealertrack Collateral Management Services, Inc. (CMS). Our full-title outsource solution is web-based and offers all the core advantages of ELT plus the management of your paper titles, all in one workflow to provide a wide range of benefits to improve customer satisfaction. Lender/Dealer submits Registration and Title Application to State State receives and processes State receives and processes Electronic title created and lien assigned to lienholder Electronic Lien and Titling (ELT) Paper Receipt Title Lien Notification received electronically by Dealertrack Title receipt by Dealertrack for scanning and optical character reading Data is uploaded to the Dealertrack Title Management solution. Title and account is matched and perfected. Discrepancies if any, are noted. If no title match, title is placed on an exception report. Data is uploaded to the Dealertrack Title Management solution. Paper title printed based on submitted

3 Five Key Ways ELT Benefits Your Business Reduce the cost of doing business by automating routine activities and improving the customer experience. Our goal is to serve lenders as a partner, helping to improve the experience of their clients. It s what we ve done since 1989, when we pioneered ELT in the State of California and the reason we ve led the way for more than 25 years. Our experience gives you a critical advantage and five key benefits that will reduce costs and save time: 1. Reduction in touch points related with paper title receipt and storage 2. Automation of matching title and account data and release processing 3. Mitigation of fraud risk and improved security through paperless titles 4. Improved accuracy through the ability to perform real-time edits 5. Advanced real-time reporting

4 An Industry Leading Partnership CMS has been at the forefront of ELT innovation for over 25 years. Today, Dealertrack Collateral Management Services, Inc. (CMS) continues to lead the way in the expansion of ELT nationwide, providing ELT services in all ELT-enabled states to our more than 6,800 lenders across the country. We have established a clearly defined process from initial customer contact through to implementation, and our deep involvement with jurisdictions enables us to be at the forefront of new initiatives and requirements. That in turn helps to keep our partners one step ahead of changes and in compliance with regulations. Let our experience and expertise guide your business towards successful implementation of ELT and gain the competitive advantage you deserve. Contact us today and learn more. CMS sales representatives are available to answer questions and discuss options at

5 Transforming Automotive Retail Dealertrack is a leading provider of integrated web-enabled tools and services Dealertrack s intuitive, high-value web-based software solutions and services enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, vehicle manufacturers, third-party retailers, agents and aftermarket providers. In addition to the industry s largest online credit network, connecting more than 20,000 dealers with more than 1,500 lenders, Dealertrack provides lenders with a complete suite of vehicle title management solutions, including electronic lien and titling. Dealertrack delivers the industry s most comprehensive solution set for automotive retailers, including Dealer Management System (DMS), Inventory, Sales and F&I, Digital Marketing and Registration and Titling solutions. Dealertrack.com Share this ebook: Marcus Avenue, Suite M04 Lake Success, NY 11042