Lienholder Payoff Details

Obtain lienholder payoff data through a single connection, which can result in quicker payments and expedited lien and title release.

DAY 13

Lienholder details confirmed

LexisNexis VINsights optimizes the lienholder payoff process.

Traditionally, this process can take two to three days. Adjusters spend time placing calls between the bank and the titled owner to understand the necessary information, and the process grinds to a halt.

LexisNexis Risk Solutions can deliver faster access to lienholder payoff details by leveraging direct connections to financial institutions.

Adjusters can now connect with lienholders for quicker payments and expedited lien and title release and gain easier access to payoff amounts, payment remittance information and guarantee of title.

Simplified Total Loss Process

LexisNexis® VINsights data addresses different steps within the total loss process and helps reduce the time spent on each step. With the data delivered through VINsights, we estimate carriers can save an average of 7–10 days off the total loss process.