LEVERAGE partner DDI Technology allows credit unions to streamline titles and lien release management
BIRMINGHAM, AL (October 15, 2020) — Credit unions have an expedient new solution to streamline title and lien processes and increase revenue thanks to a newly announced partnership with LEVERAGE, an affiliate of the League of Southeastern Credit Unions & Affiliates. DDI Technology, an IAA, Inc. Company (NYSE: IAA), is an industry leader providing lenders with a secure, web-based application that equips credit union staff with the ability to view, track and maintain credit unions’ entire title portfolio of paper and electronic documents.
DDI Technology’s solution Premier eTitleLien® is a secure, web-based application that allows credit unions to streamline titles and lien release management.
According to LEVERAGE President Steve Willis, “Our team analyzed this premier solution and selected it because it not only saves time by eliminating filing, scanning and mailing paper titles, it also reduces cost of postage and storage and helps credit unions increase their title volume without increasing staff. At the same time, this solution reduces fraud and enhances customer service. DDI Technology is an invaluable asset to any credit union’s lending department.”
Special features of the program include:
- Transaction-Based Pricing – No monthly fees or annual subscriptions. Free webinar trainings and customization of services. Unlimited users with flexible permission levels.
- Seamless Automation – Automatic transfer of data from loan system to create custom interface and consolidation of your paper and electronic title portfolio.
- Customized Workflow System – Tailored features to meet your internal title process protocols and value adds to manage your entire title portfolio.
- Responsive Customer Support & Enhanced Customer Service – Live Chat, phone support and ticket submission allow multiple channels of support and quick resolution.
“Premier eTitleLien is an innovative and practical solution in the effort to mitigate cybersecurity and fraud,” said Tab Edmundson, President, DDI Technology. “Our organization is a SOC 2 Type service provider, allowing several security options to meet the needs of client’s internal system access requirements. Our sophisticated web-based solution will provide unmatched efficiencies to LEVERAGE credit unions for streamlining titles and lien release management.”
“We’re pleased to offer credit unions this solution that is tailored to meet their specific titling needs,” Willis said. “DDI Technology offers an opportunity to grow title volume without increasing support staff with multiple integration options and enhanced customer service. DDI is a game-changer for credit union title management.”
Forward-Looking Statements
Certain statements contained in this release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, statements made that are not historical facts may be forward-looking statements and can be identified by words such as “should,” “may,” “will,” “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and similar expressions. In this release, such forward-looking statements include statements regarding the expected timing and associated benefits with respect to DDI Technology’s solution Premier eTitleLienon our business and plans regarding our growth strategies and margin expansion plan, and to our customers and company generally. Such statements are based on management’s current expectations, are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to: uncertainties regarding the duration and severity of the COVID-19 pandemic and measures intended to reduce its spread; the loss of one or more significant vehicle seller customers or a reduction in significant volume from such sellers; our ability to meet or exceed customers’ demand and expectations; significant current competition and the introduction of new competitors or other disruptive entrants in our industry; the risk that our facilities lack the capacity to accept additional vehicles and our ability to obtain land or renew/enter into new leases at commercially reasonable rates; our ability to effectively maintain or update information and technology systems; our ability to implement and maintain measures to protect against cyberattacks and comply with applicable privacy and data security requirements; our ability to successfully implement our business strategies or realize expected cost savings and revenue enhancements, including from our margin expansion program; business development activities, including acquisitions and integration of acquired businesses; our expansion into markets outside the U.S. and the operational, competitive and regulatory risks facing our non-U.S. based operations; our reliance on subhaulers and trucking fleet operations; changes in used-vehicle prices and the volume of damaged and total loss vehicles we purchase; economic conditions, including fuel prices, commodity prices, foreign exchange rates and interest rate fluctuations; trends in new- and used-vehicle sales and incentives; and other risks and uncertainties identified in our filings with the Securities and Exchange Commission (the “SEC”), including under Item 1A “Risk Factors” in our Annual Report on Form 10-K for the year ended December 29, 2019 filed with the SEC on March 18, 2020 and in our Quarterly Report on Form 10-Q for the quarter ended March 29, 2020 filed with the SEC on May 6, 2020, as such risk factors may be amended, supplemented or superseded from time to time by other reports we file with the SEC, including subsequent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Many of these risk factors are outside of our control, and as such, they involve risks which are not currently known that could cause actual results to differ materially from those discussed or implied herein. The forward-looking statements included in this release are made as of the date hereof, and we undertake no obligation to publicly update or revise any forward-looking statement to reflect new information or events, except as required by law.
About LEVERAGE
LEVERAGE, the Service Corporation for the League of Southeastern Credit Unions & Affiliates, is the business services provider that leverages credit union system resources, relationships, and industry knowledge for optimal performance and sustained growth of its clients and business partners. We work to offer credit unions best-in-class products and services that result in reducing costs, maximizing results, and making the most difference. For more information, visit MyLEVERAGE.com or follow LEVERAGE on Facebook and LinkedIn.
About IAA
IAA, Inc. (NYSE: IAA) is a leading global digital marketplace connecting vehicle buyers and sellers. Leveraging leading-edge technology and focusing on innovation, IAA’s unique platform facilitates the marketing and sale of total-loss, damaged and low-value vehicles. Headquartered near Chicago in Westchester, Illinois, IAA has nearly 4,000 talented employees and more than 200 facilities throughout the U.S., Canada and the United Kingdom. IAA serves a rapidly growing global buyer base – located throughout over 170 countries – and a full spectrum of sellers, including insurers, dealerships, fleet lease and rental car companies, and charitable organizations. Buyers have access to multiple digital bidding and buying channels, innovative vehicle merchandising, and efficient evaluation services, enhancing the overall purchasing experience. IAA offers sellers a comprehensive suite of services aimed at maximizing vehicle value, reducing administrative costs, shortening selling cycle time and delivering the highest economic returns. For more information on IAA visit IAAI.com, and follow IAA on Facebook, Twitter, Instagram, YouTube and LinkedIn. For more information on DDI visit DDITechnology.com, and follow DDI on Facebook, Twitter, and LinkedIn.
