EPIC provides a cloud‑based clearinghouse that lets automotive dealers and lenders retrieve loan payoff, payment history, and title information by VIN from a network covering 99.7% of U.S. lienholders. The platform supports instant electronic lienholder settlements, real‑time status dashboards, and a one‑click Express Title workflow that delivers titles within days, reducing payoff cycles from weeks to days.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Automotive dealers and lenders must manually gather loan payoff data, issue paper checks, and wait for lienholder confirmation before titles can be released, a process that often takes weeks, incurs costly errors, and ties up inventory and cash flow.
Solution
EPIC offers a cloud‑based clearinghouse that connects users to the nation’s largest network of vehicle lienholders. By entering a VIN, users receive full loan account details, payment history, and title ownership information without needing account numbers or personal identifiers. The platform enables electronic lienholder payments and provides instant settlement confirmation, while its “one‑click” Express Title feature accelerates title issuance. Real‑time tracking dashboards keep dealers informed of payoff status, lien satisfaction, and title readiness, reducing turnaround time from weeks to days and improving cash flow predictability. Additional modules support consumer equity payouts, dynamic reporting, and live support to streamline the entire lien‑release workflow.
Target Audience
The primary customers are automotive dealerships and vehicle financing lenders that need to expedite loan payoff, lien release, and title issuance for inventory turnover and profitability.
Features
- VIN‑based lookup that returns comprehensive loan payoff details, payment history, and title information from a unified lienholder network covering light, heavy‑duty, powersports, and watercraft vehicles.
- Integrated electronic payment gateway that processes lienholder settlements instantly and records lien satisfaction status.
- “One‑click” Express Title workflow delivering paper titles within 2‑4 business days and a forthcoming digital title option.
- Real‑time status dashboard with automated alerts for payoff completion, lien release, and title availability.
- Consumer equity payment module for trade‑in cashouts and purchase incentives, linked to the same transaction flow.
- Dynamic reporting engine providing customizable analytics on turnaround times, profit impact, and transaction volumes.
- 24/7 live support and API endpoints for seamless integration with dealer management systems and DMS platforms.
- Coverage of 99.7% of U.S. lienholders, ensuring high success rates for payoff and title release across all major vehicle classes.