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

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

Lexington, SC, January 6, 2016 - Decision Dynamics, Inc. (DDI) proudly announces the company’s availability to serve as an authorized Electronic Lien and Title (ELT) Service Provider for the Nevada Department of Motor Vehicle’s newly launched program. Lender enrollment in Nevada’s ELT program through DDI’s Premier eTitleLien® began earlier this year in anticipation of the program and ELT participants have begun managing their Nevada liens and titles electronically. Ann Gunning, DDI’s Chief Information Officer, says “I hear complements every week on the high quality of both the Premier eTitleLien® application and our support center.  Frequent product enhancements provide our customers with an up-to-date solution that meets their changing needs.  Regular surveys and dedicated account representatives keep DDI focused on constantly improving our customer service.  I’m excited that we are able to bring that customer service focus to Nevada lenders through the Nevada ELT program.”

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 3,500 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 "Road to Arc Dome" by Erik Holland described as "Noted Nevada wilderness and wildlife artist Erik Holland's Road to Arc Dome will be among the works of art celebrating Nevada's wild places in the Wild Nevada Art Exhibit" here.

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

Meeting with Nevada DMV

DDI recently had the privilege of meeting with the Nevada DMV to provide feedback about our experiences with the ELT programs of other states.  Nevada is required to implement an ELT system and was meeting with us to talk about our ELT system, implementation timelines, communication protocols, and other electronic lien and title system details.

We discussed with them some of the pros and cons of different message formats, and message exchange.  We noted some of the best features of some state ELT programs (much of which is listed on our AllAboutTitles.com site) and highlighted four considerations sometimes overlooked when designing a new ELT program:

• Allow electronic notation of lien
• Require ELTs to be released electronically
• Allow electronic payment of fees
• Provide a simple enrollment form and process

Nevada's program will require lenders to participate in the ELT program in order to file a lien. DDI is looking forward to providing ELT service to Nevada lenders and lenders whose customers are Nevada residents.

Image above is playa car ("There is a rusted hulk of a car out on a playa near Winnemucca, NV that I visit every time I am in the area") by Brian Perttu.

Continue reading Meeting with Nevada DMV

Nevada Legislation Requires ELT

June 11, 2013 - Carson City, Nevada

Governor Brian Sandoval approved Assembly Bill 309 directing the Nevada DMV to "establish, implement and operate, in lieu of the issuance and maintenance of paper documents otherwise required by this chapter, an electronic lien system to process the notification and release of security interests through electronic batch file transfers". This will mean the creation of an Electronic Lien and Title (ELT) system for Nevada.

The bill also requires almost all lienholders to participate in the ELT program.

Except for persons who are not normally engaged in the business or practice of financing vehicles, all lienholders are required to participate in the electronic lien system.

This does not provide exceptions for out of state lenders or lenders who only process a small number of loans. The DMV is not granted authority in the bill to extend exceptions to lenders.  The bill does provide for a staggered implementation of the requirement, with lienholders who execute "26 or fewer liens in a calendar year" exempt from the mandatory participation requirement until 24 months after the ELT system is implemented.

The bill requires the DMV to "submit a report on or before February 1, 2015, to the 78th Session of the Legislature concerning the implementation of the electronic lien system." This allows Nevada time to assess their systems and develop a plan.

For details on the Nevada ELT program (as they become available), please visit NVeTitleLien.com.

Image above is Boulder City Nevada - old cars fascinate me by Laura Grace Bordeaux.

Continue reading Nevada Legislation Requires ELT