Clear Title Loan™

Whether the loan application is online or face-to-face, Clear Title Loan™ helps title lenders automate key steps in the underwriting process, while providing valuable tools to protect against fraud.

How can Clear Title Loan™ help my business?

Clear Title Loan™ has the following benefits:

• Helps lenders automate decisioning through real-time access to key information.
• Saves time by eliminating the need for a paper title during the underwriting process.
• Identifies risks due to:

- Existing lienholders, which can be a result of auto financing or other unpaid vehicle repair bills.
- Major vehicle issues such as a branded title, frame damage, or odometer tampering.
- Poor vehicle condition (a vehicle that the consumer may not care about keeping).

Clear Title Loan™ Features

Clear Title Loan™ has the following features:

• A real-time report designed for the title lenders.
• Uses Department of Motor Vehicle records to establish:
• Whether the consumer owns the vehicle that is being used as collateral.
• The presence of lienholders.
• The recency of title and registration events.
• Whether the vehicle has any major issues.
• Provides details about the physical characteristics of the vehicle such as:
• Year, make, and model.
• Relative condition of the vehicle.
• Looks across title loan inquiries from multiple lenders, over various time periods, to determine:
• How many times this consumer and this vehicle have been seen.
• Whether the consumer has been seen with multiple vehicles or the vehicle has been seen with multiple consumers.
• If the consumer has outstanding title loans.