AGOURA HILLS, Calif. and LAS VEGAS, Nov. 1, 2016 /PRNewswire/ -- As part of its continued national expansion and in response to demand from Credit Union lending institutions, Motor Vehicle Software Corporation (MVSC) introduces its proprietary Vitu Lending solution to the California and Nevada Credit Union League at REACH 2016 in Las Vegas, NV on November 2-4, 2016.
Vitu's innovative solution offers unprecedented security and accuracy, expediting all elements of the vehicle titling process for Credit Union lienholders. With the introduction and implementation of this streamlined workflow, lien notifications and title acquisitions will be processed electronically and effortlessly, cutting time and increasing efficiency of title clerks.
Prior to the availability of Vitu Lending, Credit Unions have had to wait for weeks before acquiring titles, as it has been a manual process of documents being hand-delivered to DMVs before being processed. With the implementation of Vitu, that processing has now been reduced to just days.
"We are here to help expedite and facilitate the titling process for Credit Union clerks," states MVSC President Joseph Nemelka. "Until Vitu was introduced, they have been logging in to multiple systems to track the titling process – two programs, two support groups. We have simplified the route to one dynamic titling solution."
Nevada lenders will immediately benefit from Vitu through visibility into the status of vehicles sold by automobile dealers in California. Clerks can follow the titling status from the moment buyer information is entered into the system.
"Our California Credit Unions know that many of the titles they hold are not just California, but registered in Nevada or Arizona," continues Nemelka. "This will help expedite title acquisition for them as well as for Nevada Credit Unions."
John Brueggeman, Vitu President will speak to the gathering about "The Future of the Vehicle Industry." As MVSC continues to lead the vehicle titling industry, Brueggeman will expound on the rapidly changing and evolving environment and the affect it has on everyone – from auto dealership to auto purchaser. In a preview of his presentation, Brueggeman states: "Innovation is driving the future. Autonomous vehicles and mobile technologies will advance and simplify every process of vehicle ownership – from automatic registration renewal to electronic title acquisition."
MVSC's DMVdesk Electronic Registration and Titling solution is already the No. 1 provider in California, the nation's largest auto market. DMVdesk currently processes for 56 percent of all new car dealerships. As regulatory conditions and needs have evolved across the U.S., MVSC has developed Vitu to support needs of state departments of motor vehicles, dealerships, fleet operators and now Credit Unions. Additional regional solutions are planned nationwide beginning in 2017.
About Motor Vehicle Software Corporation
Based in Southern California, MVSC is a Vehicle-to-Government (V2Gov) technology firm focused on developing innovative process management SaaS solutions, including electronic registration and titling (ERT) platforms, in partnership with state government agencies and businesses across the United States. A public-private partner, MVSC's groundbreaking technology and superior processes have transformed and driven market efficiencies since the company's founding in 2005. Our products include DMVdesk, California's No. 1 ERT provider in terms of the number of new car dealers and the number of vehicles registered; Vitu, the revolutionary new solution that provides for registration and titling across multiple stores on one platform; and the Registration Management Professional (RMP) training program for new and experienced dealership personnel.
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SOURCE Motor Vehicle Software Corporation