Online sales are exploding and show no sign of slowing, and now Banks and Credit Unions can easily access the necessary TT&L data as well as documentation needed to ensure a title gets perfected on time.
CENTENNIAL, Colo. (PRWEB) March 15, 2021
Automotive Titling Company (ATC), the original innovator and industry leader of title and registration data for all 50 states (including the District of Columbia) and every taxing jurisdiction in the US, introduces a titling and registration information tool created especially for titling departments in the financial space.
ATC Fast Data offers Bank and Credit Union titling departments the ability to have all the necessary information they need for an automotive transaction. By using ATC Fast Data, they can cut down the work that used to take them 4 - 6 hours researching to seconds.
“Vehicle titling and registration is a complicated process,” said Marcus Alley, VP, Strategic Initiatives for ATC. “transactions are even more complicated and time-consuming because of the idiosyncrasies and manual work required. Credit Union and Bank titling departments are seeing a significant influx due to the increase of direct lending and online car sales. Unfortunately, these tilting departments are not equipped with the right data to properly calculate tax, title and license (TT&L) and have the correct documentation to finalize the transaction with the DMV.”
ATC Fast Data solves this problem. The platform offers an easy system where Bank and Credit Union title clerks can quickly pull information so they don’t have to spend hours online or on the phone chasing down information from state DMVs that often have widely different policies, rules, and systems. ATC Fast Data provides the necessary information for every jurisdiction in the country so your title team can handle these transactions faster and more efficiently than ever.
The ATC Fast Data provides:
- Collection of transaction data to calculate accurate TT&L based on that specific transaction
- Transaction information can be auto populated into every needed document to cut down on manual work
- Taxes, registration fees, instructions, and documents provided instantaneously after submitting transaction information
- All transactions housed in a centralized dashboard, exportable for external or internal use
- Information needed in order to get a duplicate title
“Online sales are exploding and show no sign of slowing,” Alley said, “And now Banks and Credit Unions can easily access the necessary TT&L data as well as documentation needed to ensure a title gets perfected on time.”
For more information about ATC Fast Data for Credit Unions and Banks, visit autotitling.com/fast-data