Total-Loss Payoff™
Eliminate the hassle associated with total-loss transactions.
- Expedite the process for quicker settlements and payment receipt.
- Easy communication directly with the insurance carrier to guarantee resolution.
- One centralized, web-based application for easy access and tracking of the entire payoff process.
Total-Loss Payoff: Workflow
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Step 1
Lender receives Alert via Premier eTitleLien
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Step 2
Review payoff request on the Dashboard
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Step 3
Accept or reject payoff amount
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Step 4
Generate, sign and send Letter of Guarantee
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Step 5
Carrier authorizes funds and transfers via ACH
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Step 6
Lender accepts funds and releases title to carrier