News in 2016

Preventing automotive fraud is a concern for every industry handling vehicles. If you use ADD’s real-time vehicle records inquiries (DMV123) and NMVTIS title checks, you are using some of the best tools available to help protect your business and consumers! With the click of your mouse, you can ensure the vehicle at the center of your business transaction is the right vehicle, attached to the right person.

DMV123 offers access to the most up-to-date vehicle registration information contained in 34 state databases. And our National Title Pointer combines information from the National Motor Vehicle Title Information System (NMVTIS) with theft and lien data in a single convenient report. This report provides the current state of title, titling history, and brand information from the junk, salvage, and insurance industries.

A vehicle is likely the second most valuable asset a consumer owns. Vehicle fraud is a major threat to both consumers and businesses that rely on the value of those vehicles as the basis for a significant financial transaction.

For example, automobile dealers need to confirm ownership of any vehicle presented to them as a trade. If a customer drives up to the dealership in a vehicle he says is theirs, and you don’t confirm it by running a real-time record or at least a title check and take that vehicle in on trade, everybody loses. The rightful owner and/or lienholder no longer has their asset, and when it’s all said and done, your dealership has lost all of your investment in both the trade and the vehicle that was just driven off the lot.

Tow operators are bound by law to notify the rightful owners of a vehicle in a timely manner that their vehicle has been impounded. DMV123 can give you instant information to get that notification out and protect the consumer as well as your business when it comes to compliance with the law. Insurers and lenders use ADD’s DMV123 for claims investigations and underwriting. An accurate vehicle record can aid in determining value and the title pointer identifies brands that may have been present before an accident for which a claim has been made.

For shredders and recyclers, verifying ownership on a vehicle helps avoid being presented with a title that’s outdated or a duplicate title. This confirms the title is the most current for that vehicle. ADD’s title history and theft check can also instantly determine a vehicle’s NMVTIS reporting history and allows the recycler to easily make the required end-of-life report that ensures compliance with federal law.

For more information on DMV123 or the National Title Pointer, email ADD or call one of our friendly and knowledgeable customer service representatives at 850-877-8804. Se habla español.