NORTH HILLS, N.Y. — Dealertrack Accelerated Title now counts KeyBank Dealer Retail Services and Westlake Financial Services among its users, Dealertrack (div. Cox Automotive) announced. Officially launched in August 2018, the solution was designed to provide dealers with a quicker and more efficient way to handle the payoff and title release process for trade-ins.
Cleveland-based Key is one of the nation’s largest bank-based financial services companies, reporting assets of approximately $138.8 billion. Westlake Financial Holdings is an auto and finance technology company headquartered in Los Angeles with approximately $6.5 billion in assets under management.
Kaitlin Gavin, vice president and general manager of Dealertrack Registration and Title Solutions, said the partnerships will bring Accelerated Title to more dealers and enhance connectivity among retailers and finance sources.
“Our goal is to continue to increase efficiency and expedite the financing and titling process for dealers by working with lending partners who share our commitment to optimizing efficiency and profitability,” Gavin said.