New National Digital Titling Clearinghouse Can Accelerate Vehicle Purchases
September 1, 2023
West Virginia’s new National Digital Titling Clearinghouse is changing the game for auto dealers across the country. Slow and inefficient titling processes cause cars to sit on dealer lots as dealerships wait for paper titles, leading to lost revenue. West Virginia has launched a paper-free digital titling system that sets the new standard for secure and efficient title processing for the entire country. The National Digital Titling Clearinghouse delivers real-time processing, reduces backlogs, and creates significant financial benefits for dealers. The state of West Virginia recognized the cumbersome and frustrating nature of the traditional paper titling process, where it can take up to 60 days to get a title. The backlog of paperwork waiting to be manually processed created a bottleneck for auto dealers, resulting in delayed revenue sitting on the lot as cars await titles.
What Is the National Digital Titling Clearinghouse?
The state of West Virginia recognized the cumbersome and frustrating nature of the traditional paper titling process, where it can take up to 60 days to get a title. The backlog of paperwork waiting to be manually processed created a bottleneck for auto dealers, resulting in delayed revenue sitting on the lot as cars await titles.