Vitu Accelerated Title
Vitu Accelerated Title: Vitu describes Accelerated Title as a service that combines its Total Title solution with collateral management to bring efficiency from quote retrieval to receipt of the title. It connects dealer and lender networks so titles release quickly during a trade-in and loan payoff.
Vitu Accelerated Title: Total Title CMS and Accelerated Title
Vitu also offers Accelerated Title for lenders. The NTX National Title Exchange uses the service when a lien must be satisfied.
Business Wire reported that Vitu agreed to acquire the Dealertrack titling businesses, which included Accelerated Title and Collateral Management Services.
For a dealership, a trade-in cannot be sold or wholesaled until the title is in hand. Faster release affects cash and inventory age.
The company cites speed and cost figures that are its own claims.
A controller would ask which lenders take part and how payoff quotes are retrieved. It would ask how exceptions are handled and how fees are billed.
The category guide for titling lists a neutral checklist. Check what costs extra.
Ask which states in your market are live, how a lien payoff and title transfer appear in your DMS and who handles exceptions such as a lost title.
| Product or service | Function |
|---|---|
| Total Title CMS and Accelerated Title | Title management products. |
Lien satisfaction precedes the title-submission step
Vitu's National Title Exchange material separates obtaining chain of custody, obtaining lien satisfaction or using Accelerated Title, and signing and submitting documents. It also describes a tracker for the transaction's status. vitu.com
That places Accelerated Title within a larger acquisition-and-titling workflow, rather than making it interchangeable with the final title submission. A dealership should follow a financed trade through payoff, release evidence and the title transaction, checking who owns each step and which status appears to staff. vitu.com
Coverage and the form of release accepted for the particular transaction need to be established before relying on a projected completion time. vitu.com