By eliminating the paper check from the lienholder claim payment process, you can shorten your claim cycle time with ClaimsPay® digital payments. Lienholder approvals and payments take days instead of several weeks. The entire process is paperless, efficient, and simple! You get transferred titles faster, reduce rental car and storage expenses, recoup money from salvage, and quickly close the claim.
Paying lienholders quickly and shortening the claim cycle time improves your customer experience. Your policyholders can rest assured that you are promptly and efficiently taking care of the lien, no matter how complex their claim may be. By providing them with a rapid and convenient claim payment experience, you are winning customer loyalty.
Paying lienholders digitally through your existing claims system eliminates the time-consuming two-party check process. Reducing dependence on checks can cut operational expenses. With built-in fraud protection controls, digital lienholder payments are a more cost-effective and secure solution for insurers.
Auto accidents are undoubtedly traumatic for everyone, but when a vehicle with a loan is deemed a 'total loss,' the situation quickly becomes more difficult, but it doesn’t have to be. ClaimsPay® makes complex lienholder payments simple.