Charlie Simmons's Blog – October 2011 Archive (1)

Web portal for payoff amounts, is there interest?

We have a web portal for connecting Lenders and insurance Carriers to payoff total loss loans and get titles to auction faster.

We are considering offering this same service to Dealers so that using a single “connection” you can get accurate payoff amounts for trade-ins from multiple Lenders, using a keyboard instead of a telephone.

A second level of service allows Dealer management to payoff trade-ins using ACH transfers.  The title comes directly to Dealer, likely faster than…

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Added by Charlie Simmons on October 22, 2011 at 11:37am — No Comments

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