Banks, credit unions, and financial institutions that must meet mandatory ELT requirements are turning to DDI and enrolling in its cost-effective and user-friendly electronic lien and title system, Premier eTitleLien™.
Lexington, SC (PRWEB) January 08, 2013
Decision Dynamics, Inc. (DDI) assisted financial institutions and lenders across the United States as they rushed to prepare for the Jan. 1, 2013 California, Florida, and Georgia mandatory electronic lien and title (ELT) deadline.
Although the mandatory ELT deadline for the states’ lenders was January 1, some Georgia lenders with lower title volumes can meet the ELT requirement as late as July, 2013 and January, 2014. California and Florida’s ELT programs have no exemptions for lower volume lienholders and California’s mandatory ELT program does exempt licensed dealers from mandatory participation. However, the banks, credit unions, and financial institutions that must meet mandatory ELT requirements are turning to DDI and enrolling in its cost effective and user friendly electronic lien and title system, Premier eTitleLien™.
“We are providing the highest quality service and product to lenders nationwide to ensure they are all prepared for mandatory ELT in these states,” Glenn Thames, President and CEO of DDI, said.
For each state, mandatory ELT will continue to streamline and simplify existing electronic titling processes. Not only will it save taxpayer money by cutting associated paper, storage and mailing costs, but it will also reduce title fraud.
Founded in 1998, Decision Dynamics, Inc. is a software technology company serving more than 2,000 customers in the United States. To learn more about the benefits of ELT, Premier eTitleLien™, and DDI, visit etitlelien.com.