Monday, May 19, 2014

2014 Premier eTitleLien Users Group Conference

The 2014 Premier eTitleLien® Users Group Conference and ELT Symposium has ended.   We had a great conference with topics on vehicle lending legislation (including an update on the impact of the Consumer Financial Protection Bureau (CFPB)), requirements and restrictions related to eSignature and electronic transactions, upcoming state changes to ELT programs, a Question and Answer time with several state DMVs, and a look at some of the new features implemented in Premier eTitleLien®.

All the staff from Decision Dynamics, Inc. who were able to make it this year in Savannah were very pleased to be able to meet with our users again face to face.  We had many enlightening discussions about changes to their companies and changing needs for vehicle lending.  We were also happy to have attendees representing both the South Carolina and Arizona DMVs, as well as remote participation from the Alabama, California, and Florida DMVs.

One of the last presentations highlighted a growing service at DDI that came up frequently throughout the conference: The Premier Title and Registration Service Center.  "Be the Hero!" was the theme for the DDI Title Center (as it is referred to) which offers several services that supplement Premier eTitleLien®:
  • Process title application or registration forms.  This was of particular interest for customers who only occasionally need to work outside their home state.
  • Vault paper titles for states that do not have an ELT program.  This allows paper titles to be "electronic" and for Premier eTitleLien to be a single point for managing all titles.
  • Provide estimates of title and registration fees.
We're already looking forward to our next conference!

Image above is from our Be the Hero campaign for the Premier Title and Registration Service Center.

Wednesday, May 14, 2014

North Carolina ELT Program On Schedule

North Carolina in String

The North Carolina Division of Motor Vehicles is on schedule to implement the North Carolina Electronic Lien and Title (ELT) program by their deadline of July 1, 2014. Full details of the program are not yet available, but DDI expects to begin testing in June and will begin enrolling customers for participation as details are made available.

NC legislation specifies that the program is mandatory for all individuals and lenders who normally finance motor vehicles beginning July 1, 2015, giving lienholders 12 months to enroll before the deadline.

DDI continues to work with NC Bankers Association members as the endorsed ELT vendor for Community Bank Services. Our team will be hosting instructional webinars prior to July 1 to answer questions about the NC ELT program.

Premier eTitleLien® has included support for NC Title Application forms and Title Inquiry services for many years and currently processes NC Titles through the Premier Title and Registration Service Center. DDI is looking forward to providing lenders access to the full features of ELT in North Carolina.

Image above is North Carolina String Art by Tori Naylor.

Thursday, May 8, 2014

Maryland ELT Coming Soon

DDI had the privilege of meeting with the Maryland Motor Vehicle Administration (MVA) today to discuss their plans to implement their new ELT program.  Maryland announced their intention to implement an ELT program in April 2013 and issued an RFP looking for service providers.  DDI received a contract to become a Maryland Electronic Lien Service Provider in April 2014.

The MD MVA outlined their plans for the first phase of the MD Electronic Lien Service program.  Initially the ELT program will include the basic transactions, primarily: a notification of lien from the state and release lien and request for a printed title from the lender.  Their expectation is to begin testing the first phase of the program with DDI in June 2014 and to begin processing regular ELT transactions with participating lenders in July 2014.

DDI is working with the Maryland MVA on additional details, including the enrollment processes for lenders to begin participating in the ELS program.  DDI's ELT solution, Premier eTitleLien®, already incorporates a number of features for handling titles in Maryland, including generating forms and retrieving title record information.

Image above is a 30 foot tall crash dummy located in front of the Maryland MVA Glen Burnie offices.