Tuesday, Jun. 06, 2006, 08:00 PM UPDATED 11:59 AMBy Nick Zulovich
IRVINE, Calif. (June 7, 2006) -- To help protect vehicle buyers, sellers and lenders during an Internet transaction, Escrow.com announced Monday it will partner with Vehicle Title to provide TitleGuard Vehicle Title Insurance on loans generated through the Finance Express platform.
According to officials, Finance Express operates an online auto finance platform specifically designed for independent dealers and will use these services to enhance its dealer offerings for their lender partners.
"We are committed to providing security for online transactions, which make the TitleGuard product and Finance Express a perfect fit," said Escrow.com Managing Director Brandon Abbey. "Together, Escrow.com and Vehicle Title provide assurance to lenders on the Finance Express platform that the vehicle can receive a perfected title free of defects, a significant value in the wake of Hurricane Katrina."
Finance Express President David Huber added, "As Finance Express continues its rapid growth, we strive to find ways to help our dealer base gain a greater acceptance of their business with our lender partners. Escrow.com offers a group of services that includes TitleGuard's $50,000 insurance protection against unreported Department of Motor Vehicle brands, title defects and evidence of odometer rollback. These services will inform, insure and protect everyone involved in the used vehicle transaction."
Tom Rubadue, president of Vehicle Title, agreed. "We are pleased to expand our relationship with Escrow.com," he stated. "By providing a full vehicle history summary on each vehicle and insuring that the DMV information is accurate, we are helping Escrow.com deliver an unprecedented level of security and peace of mind to the lenders and dealers on the Finance Express Auto Finance Program."