Decision Dynamics, Inc. (DDI) Launches Electronic Lien and Title (ELT) Services in Colorado

Decision Dynamics, Inc. (DDI) now offers Electronic Lien and Title (ELT) services to Colorado lenders through Premier eTitleLien®, a cost-effective, user-friendly, solution for streamlining vehicle titling.

Lexington, SC, July 28, 2015 - Decision Dynamics, Inc. (DDI) proudly announces the company’s availability to serve as an authorized Electronic Lien and Title (ELT) Service Provider for the Colorado Department of Motor Vehicle’s newly launched program. Lender enrollment in Colorado’s ELT program through DDI’s Premier eTitleLien^® began earlier this year in anticipation of the program and ELT participants have begun managing their Colorado liens and titles electronically. Ann Gunning, DDI’s Chief Information Officer, says “DDI is excited to offer ELT to lenders in Colorado. The addition of Colorado ELT services to Premier eTitleLien^® enhances our titling solutions for both Colorado lenders and financial institutions and dealers across the nation. DDI is especially proud to be part of the stakeholder group that worked in cooperation with the Colorado DMV to ensure features were incorporated in the ELT program to streamline the titling process for dealers, lenders, and county agents.”

Premier eTitleLien^® is a secure, web-based application which allows lienholders to participate in a state’s ELT program and remain in complete control of their title portfolio. Twenty-four (24) states currently offer ELT programs, with several implementing their programs in the next year. Lienholders are able to manage their vehicle titles electronically and receive an electronic record in lieu of a paper title. With Premier eTitleLien^®, companies have access to their electronic titles and the tools needed to streamline the titling process.

The electronic titling program benefits motor vehicle agencies, lienholders, and vehicle owners. Motor vehicle agencies benefit by providing more timely data exchange, improving data accuracy, and reducing and controlling the use of secure forms. Electronic titling benefits lienholders by reducing mailing costs, reducing physical storage requirements, and deterring the inherent fraud associated with duplicate titles and paper title releases. Vehicle owners benefit by receiving clear titles upon the release of the lien of the electronic title.

Decision Dynamics continues to experience rapid growth due to its quality product offering with value-add features, and its commitment to customer service excellence. Glenn Thames, President and CEO, says, “Premier eTitleLien^® has become the ELT product of choice for lenders nationwide. Our pay-per-transaction model without long-term contracts gives lenders the security of knowing that DDI is working for the best interest of the lender.” Premier eTitleLien^® also offers training and support at no cost, with 24 hour system availability.

Decision Dynamics (DDI) is a software technology company that provides electronic titling services for lienholders in the United States. DDI now serves over 3,300 lenders throughout the US.

For more information on the ELT program, visit http://www.etitlelien.com or contact Amanda Jensen, Business Development, Decision Dynamics, Inc.

Image above is of the Valley Curtain project in Rifle Gap, Colorado.

Colorado ELT Approval

We are excited to announce that Decision Dynamics, Inc. is an approved ELT Service Provider for Colorado’s ELT program. The anticipated Go-Live date for Electronic Liens and Titles in Colorado is May 26th, 2015. DDI is looking forward to providing ELT services to Colorado lenders through our Premier eTitleLien® application.

Please visit Colorado ELT for more information about the Electronic Lien and Title program and our website at www.etitlelien.com for more information about Premier eTitleLien® and how to sign up to participate in the CO ELT program..

Image above is of the Monolith Festival at Red Rocks in Colorado by Anna.

Colorado ELT launching May 2015

The state of Colorado has provided updated information regarding their upcoming ELT program. According to the Colorado Department of Revenue Division of Motor Vehicles, the state will officially launch their ELT program on May 1, 2015.

There are a few steps to follow when transitioning into Colorado’s ELT program. First, the lienholder or lender will be required to enter into an agreement with one of CO’s approved Service Providers. The option to apply for an “E” number will then become available. Once a lien is notated, the certificate of title record will be stored electronically in the CO ELT system. A participating lienholder or lender will be notified electronically through their Service Provider. With the ELT program, an electronic notification to the lienholder serves the same purpose as receiving a paper title in the mail.

DDI is looking forward to providing ELT services in Colorado through our Premier eTitleLien® application. ELT programs greatly enhance daily vehicle processing for lienholders by saving time, cutting costs, reducing paper, enhancing security and deterring fraud.

Please visit www.etitlelien.com for more information about Premier eTitleLien®.

Image above is 1958 Hedsel by Barry Snyder, a Colorado "fruit sticker artist". According to Cyrus McCrimmon (Denver Post) the art "is based on an advertisement for a 1958 Edsel. He picked the car 'because it was so strange-looking.'"

Colorado Legislation Enables ELT

On June 5, 2013 Colorado Governor John Hickenlooper signed HB 1289 into law, giving the Colorado Department of Revenue authority to "allow the electronic transmission of registration, lien, and titling information for motor vehicles." Other changes were made to existing regulations to ensure that the Division of Motor Vehicles would be able to adopt procedures to handle electronic lien and title (ELT) and electronic vehicle registion (EVR) transactions.

The bill also grants authority to the DOR to mandate participation in the ELT program for lenders doing 50 transactions or more per year. Interestingly, the bill specifically words it as "requiring lien and title documents to be filed electronicaly" allowing both typical Electronic Lien and Title transactions as well as title applications (lien notations) to be required as a paperless transaction. The DOR is not compelled to require participation.

For updates on the Colorado ELT program, visit COeTitleLien.com.

Image above is Interstate 70, Glenwood Springs, CO from The world’s most spectacular roads, vol. 2.