40 MAY / JUNE 2020 PSP SHOWCASE The IBA is excited to announce our newest Preferred Service Provider, DDI Technology. DDI provides a web-based solution for banks to use to comply with the new, upcoming voluntary Indiana law, allowing banks and other companies involved with motor vehicle titles to manage and store titles electronically. Initially, this Indiana law will be a voluntary option for banks, and others, to utilize. This solution is designed to do the following: • Provide a simpler and more timely titling process; • Reduce fraud and errors; • Eliminate paper storage; and • Provide responsive customer support. These provisions will maximize the benefits of an electronic tracking system that will ensure collateral is protected in a much quicker manner. DDI is a South Carolina-based company founded in 1998 and is a subsidiary of Insurance Auto Auctions Inc. DDI works with over 7,000 customers in all 50 states and has approval to serve the 26 states that currently allow electronic lien and title services. DDI has an office located in Indianapolis with two representatives serving Indiana. They differentiate themselves from the competition with their ability to customize their systems to match the bank’s internal processes and requirements. DDI has a mission to provide the highest quality titling and registration solutions to customers, while maintaining a relentless focus on customer service. Premier eTitleLien is the web-based platform used by DDI that creates efficiency and provides cost savings and fraud prevention in the motor vehicle Rod Lasley Executive Vice President - Operations & Member Services Indiana Bankers Association rlasley@indiana.bank @rodlasley DDI Technology is a Preferred Service Provider of the Indiana Bankers Association. Electronic Lien and Title Law A solution for Indiana title management space. This allows the bank to receive notifications and electronic copies of the title directly from the Bureau of Motor Vehicles, while also interfacing with the bank’s existing loan system. It also streamlines the lien release process. The lienholder automatically updates the eTitle database with planned liens; while the product also checks the eTitle database for lien alerts when new liens are initiated. It also provides VIN verification of motor vehicles. Most liens will be perfected in a 3-5 business day timeframe, reducing the perfection time dramatically. The system will also maintain a history of all lien and VIN activity, including reporting capabilities regarding handling errors and exceptions between the bank and the BMV. The IBA has negotiated very favorable pricing for the use of this opportunity. IBA members will receive a 20% discount on this service, reducing the overall cost and creating additional value with the time value of money. IBA members will also receive free onsite training of the program for your staff, which results in another $300 in savings. The IBA is excited to provide this great solution to assist banks as they adapt to this new opportunity approved by the state of Indiana of electronic lien and title services. We want to help you streamline your processes and create efficiencies that help you serve your customers in a timely manner. For more information regarding DDI Technology and the ELT program, please contact Troy Moore at troy.moore@dditechnology.com or 803-490-3225; or contact me, Rod Lasley, at rlasley@indiana.bank or 317387-9380. HB NEW PREFERRED SERVICE PROVIDER
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