Your credit union has been selected for free enrollment in DDI’s Total-Loss Payoff™️ tool – with no signup costs and no transaction fees!

Why your credit union might be interested in our solution?

Vehicle owners have loans on up to 70% of total loss claims. Over half of those loans have negative equity and require a letter of guarantee prior to settlement. In order for the credit union to be paid once a vehicle is totaled, insurance companies and lenders have to exchange phone calls, faxes and emails. It’s a tedious process for everyone involved. Using our Total-Loss Payoff solution, on average, it takes under 2 days to receive a letter of guarantee versus the industry standard of 10+ days.

Through our relationship with IAA, we are hands down the industry leader in total-loss transactions. Our solution currently has over 1,500 active lenders and includes 32 active tier 1 and tier 2 insurance providers. In 2020, we completed more than  48,000 transactions and we have paid off over $500MM in liens.

What can our Total-Loss Payoff tool do for your credit union?
• Eliminate the hassles associated with total-loss transactions.
• Saves days, sometimes weeks, of manual interaction time.
• Expedite the process for quicker settlements and payment receipt.
• Easy communication directly with the insurance carrier to guarantee resolution.
• One centralized, web-based application for easy access and tracking of the entire payoff process.
• Works with both paper titles and ELTs.
• Transfers via ACH and auto-generated letters of guarantee.
• Full access to DDI’s responsive and knowledgeable customer support team.
• Can lead to greater client retention with a smoother total loss process.

Please contact your LEVERAGE BDC for additional details:

Karen Frazee  karen.frazee@myleverage.com  850.545.4825

Steve Pullara   steven.pullara@myleverage.com    813.404.6877

Donnette’ Logan   Donnette.Logan@myleverage.com   205.294.4227

Taylor Sheffield  taylor.sheffield@myleverage.com    205.457.4261

Written by
Ann Naiman
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About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

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