CLEVELAND – August 10, 2023 – Auto retailers, fleets and insurance carriers from across the United States can now sign up for the country’s first National Digital Titling Clearinghouse through the state of West Virginia.
Champ Titles, Inc., a leading provider of digital vehicle title and registration services, and Tyler Technologies Inc., (NYSE: TYL) a leading public sector software and services provider, launched the National Digital Titling Clearinghouse with the state of West Virginia to allow out-of-state businesses to transfer titles through West Virginia’s Division of Motor Vehicles securely in a much shorter time frame.
“The launch of the National Digital Titling Clearinghouse represents a major leap forward for West Virginia and will bring millions of dollars into our state while providing significant time and money savings to businesses nationwide,” Gov. Justice said in the state’s press release. “It’s not only going to help West Virginia businesses, it will allow West Virginia to benefit businesses outside our state borders in a big way.”
The National Digital Titling Clearinghouse allows licensed non-resident businesses like auto retailers, fleets and insurance carriers to transfer existing out-of-state titles into a West Virginia title in their name. Typical paper title transfers take at least 45 days, while Champ’s technology enables turnaround in a few days at most. Traditional title turnarounds often prevent auto retailers, insurance carriers and fleets from selling a vehicle for months – resulting in increased costs in the form of depreciation, the cost of outlaid and non-recovered capital and mailing and paper handling expenses. Much of those costs are eliminated with the same-day turnaround of the Clearinghouse.
Businesses can now sign up for the Clearinghouse to solve all of their title-related problems at wv.gov/dmv/ndtc
“We have been anxiously awaiting this launch. We are excited to expand the technology we established with Tyler in West Virginia to create the first National Digital Titling Clearinghouse, a platform that solves the problems of all participants in the titling ecosystem through the government,” said Champ CEO Shane McRann Bigelow. “We are confident businesses around the country—auto retailers, fleet owners, insurance carriers and all of their service providers—can use the Clearinghouse to save money, improve efficiency and enhance security.”
Tyler has been working with the state of West Virginia since 2007 to make government easier for residents and businesses. In that time, Tyler has worked with more than 160 West Virginia government agencies to deliver more than 500 interactive services and solutions that collect more than $500 million in payments annually. For the West Virginia DMV specifically, Tyler has developed more than 50 digital services, creating efficiencies and cost savings for the state while providing residents and businesses with convenient, secure and modern experiences.
“For more than 30 years, Tyler has worked successfully with state and local governments around the United States on software and digital solutions to empower the public sector to create smarter, safer and stronger communities,” said Elizabeth Proudfit, president of the Digital Solutions Division at Tyler. “The exciting launch of this new National Digital Titling Clearinghouse with Champ Titles and the State of West Virginia is another example of how the continued digital modernization of government improves the ease, transparency and speed of interactions between businesses and consumers. We are incredibly grateful for our longtime partnership with West Virginia and commend the Governor Justice and the WV DMV on this exciting achievement.”
Much like many businesses incorporate in Delaware, the National Digital Titling Clearinghouse establishes the West Virginia DMV as the central national location for quick, efficient and secure title transfers for businesses anywhere in the United States. The system was made possible through West Virginia House Bill 2506.
“I’m exceptionally proud of the West Virginia DMV for leading the nation with this unprecedented technology,” Commissioner of the West Virginia Division of Motor Vehicles Everett Frazier said in the state’s press release. “This new enhancement, which allows a reduction in title turnaround times from well over a month to just a few days at most, wouldn’t be possible without the team of dedicated employees I have in place at the DMV, the innovation through our partners Champ Titles and Tyler Technologies and the continued support from Governor Jim Justice and Secretary of Transportation Jimmy Wriston, P.E.”
At the foundation of West Virginia’s digital titling offering is Champ’s Digital Title and Registration Suite (DTRS), a comprehensive vehicle title administration solution that manages titles, registrations, liens and dealer licensing within a completely digital ecosystem. It is uniquely designed to improve and replace the aging title and registration systems that plague DMVs and their constituents across the country.
CHAMP and Tyler’s digital titling platform has been managing West Virginia vehicle retailer, lender, insurance carrier and citizen vehicle titles fully digitally for nearly two years. Titles in West Virginia are transferred significantly faster and more efficiently and paper usage has been reduced exponentially when compared to traditional paper titles.
Businesses that rely on vehicle titling as a critical component of their operation are encouraged to see the benefits that the National Digital Titling Clearinghouse can provide. Learn more at transportation.wv.gov/dmv/ndtc
About Champ Titles, Inc.
Founded in 2018, Champ Titles digitizes vehicle titling to improve the car buying and selling process for all vehicle title ecosystem members. Champ’s patented SaaS (Software as a Service) technology remedies the problems faced by the constituents of state DMVs – automotive retailers, insurance providers, lenders, fleet operators and the service providers to the title ecosystem. Champ has developed several solutions, including Champ Digital Title and Registration Suite and Digital Total Loss, which are built on a shared platform to serve different industry verticals. To learn more about Champ and its digitization technologies, please visit www.champtitles.com.
About Tyler Technologies, Inc.
Tyler Technologies (NYSE: TYL) provides integrated software and technology services to the public sector. Tyler’s end-to-end solutions empower local, state and federal government entities to operate efficiently and transparently with residents and each other. By connecting data and processes across disparate systems, Tyler’s solutions transform how clients turn actionable insights into opportunities and solutions for their communities. Tyler has more than 40,000 successful installations across nearly 13,000 locations, with clients in all 50 states, Canada, the Caribbean, Australia and other international locations. Tyler has been recognized numerous times for growth and innovation, including Government Technology’s GovTech 100 list. More information about Tyler Technologies, an S&P 500 company headquartered in Plano, Texas, can be found at tylertech.com.