Accelerated Title. Leading innovation, from dealer to lender. Page 01/08. ebook Accelerated Title. Solution Group Collateral Management Services

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1 01/08 Accelerated Title Leading innovation, from dealer to lender.

2 02/08 More Payoff. Less Process. Discover, the breakthrough lender solution that delivers unparalleled business efficiency. Accelerated Title reduces the time it takes to process vehicle title payoff and title release by up to 70 percent*. Its power and speed streamlines the vehicle payoff process, creating cost savings and faster title release to dealers. Features and benefits include: Reduction in payoff exception processing, including short pays. Increased efficiency and lower costs needed to support vehicle payoff. Integration that improves the dealer experience. Decreased dealer inquiries regarding payoff and title status. * Based on average industry timeframe for vehicle title release and vehicle payoff process of 18+ days, as determined by track data.

3 03/08 Integrated Innovation. Four integrated components ensure a streamlined process and successful transaction. Payoff Quotes Receive payoff requests directly through track and provide a precise payoff amount directly to dealers. Electronic Funding Expedite delivery of funds within 4-6 days with ACH processing. Summary Reports Supply dealers with a convenient way to review statements and transactions. Status Tracking Provide direct access to track title status, which means fewer calls coming in to your staff.

4 04/08 How Accelerated Title Works. Title release and vehicle payoff processing has changed. Are you ready for the switch to a more streamlined future? track performs over 28,000 transactions per day, and holds more than 42 million titles *. This experience makes us uniquely qualified to provide you with a solution that will help your business move faster, smarter and more efficiently. Vehicle Trade-In Payoff Quote Request from Payoff Quote and Title Status to Lender Receives Funds Accepts Trade-In Payment and Title Initiation Receives Title 1. Consumer brings trade-in car to dealership with payoff balance remaining. 2. requests payoff quote using track. 3. Payoff quote and title availability is returned to dealer through track. 4. ship accepts trade based on payoff quote delivered through track. 5. track initiates payment via ACH to lien holder and title release to dealer. 6. Lender receives funds same day dealer receives the title. * As of February 2017

5 05/08 A Faster Funding Lifecycle reduces payoff and title release time from weeks to days. Title release occurs on the same day payoff occurs, reducing the standard funding lifecycle of about 12 days to just four. That s the benefit of total integration between dealer and lender. Day 0 Day 1-2 Day 3 Day 4 No Rejections Allowed Lender Verify payoff amount. Verify payoff amount. Transfer funds. Lender receives funds. Wait for approval of funds. initiates payoff. Verify payoff amount. Release title. No Rejections Allowed receives title.

6 06/08 Stronger Relationships. delivers improved service to dealers within a fast and consistent process. Complete and efficient integration with your dealer partners creates a value-oriented title release experience. benefits include: Faster title release that increases inventory turn. Dependable and consistent process that dealers can rely on. Accurate payoff quotes that reduce short pays and problems with payoffs to lenders. Always-on reporting and tracking that gives dealers the insight they need when they need it, including status of title and statement information.

7 Complete. Capable. Connected. track, a Cox Automotive brand, is the leading provider of integrated web-enabled tools and services designed to transform how the world buys, sells and owns cars. In addition to operating the largest online credit application network in the United States, our market-leading suite of technologies for lenders includes platforms for loan originations, digital contracting, digital document services, vehicle title administration, as well as data analytics for tracking business metrics. Our lender solutions work in tandem with our dealer solutions, including Management Systems (DMS), Sales and F&I, Digital Marketing, CRM, Registration and Titling, and more to create a seamless process we call the Dealflow Advantage. By connecting thousands of lenders to more than 22,000 dealers nationwide, our Dealflow Advantage drives growth and efficiency through the entire origination, contracting and vehicle title management lifecycle for captives, national and regional banks, credit unions and other financial organizations. track, Inc Marcus Avenue, Suite M04 Lake Success, New York cms.sales@dealertrack.com 2017 track, Inc.