Loan Payoff & Lien Release
Accelerate Payoffs and Free Up Cash
Loan Payoff & Lien Release provides a digital solution for vehicle loan payoffs and lien releases with nearly every U.S. lender. It replaces manual processes with real-time tracking, fast payments, and electronic confirmation—delivering clear, end-to-end visibility from payoff quote to release.
Core Strengths
Faster Payoffs, Full Transparency
• National lender coverage – All banks, captives, and credit unions
• Payments received in < 24 hours
• Real-time tracking – Funding through lien release
• Digital lien release confirmation from the state
Business Impact
Improved Cash Flow, Fewer Delays
• Accelerate cash flow: Turn weeks of waiting for payoff and title into days—improving inventory turns and working capital
• Reduce costly errors: Eliminate overpayments and underpayments with accurate, real-time payoff quotes and loan data
• Modernize the dealer & consumer experience: Deliver a seamless digital payoff-to-lien release experience that improves satisfaction for both staff and customers
• Lower operational Friction: Replace manual follow-ups and fragmented lender processes with one unified platform for all lenders
Key Features
Unified National Lender Network
• Enables pay off any auto lender in one place, including banks, captives, and credit unions
• Initiate payments by confirming the customer and vehicle, selecting the lender, and authorizing the amount and stop chasing lender-specific processes
Track Every Step in Real Time
• Tracks every step of the funding cycle, including estimated lien release timing and downloadable payment receipts for transaction records
• Gain full transparency from initiation through title release
Accurate Payoff Quotes
• Engage customers via text to securely authenticate their lender account and authorize access to real-time loan data—including payoff amount, per diem, valid-through date, account number, and title details
• Generate quotes in minutes, reducing errors and delays
Who Loan Payoff & Lien Release Is Built For
• Dealers: Streamline trade-ins, purchases, refinances, and total loss workflows with faster lien release and fewer manual follow-ups
• F&I and accounting teams: Reduce operational friction, improve reconciliation, and gain confidence in payoff accuracy
• Consumers: Experience a modern, digital payoff process with faster confirmation and fewer delays
