RIT
RIT stands for...
What is Recently Issued Title?
This secondary system, alongside AutoCheck, helps verify lien information.
What is LexisNexis?
This physical feature on a vehicle is one way to verify the trim.
What is the trim badge?
This is the first item you should review in the workflow
What is the appraisal?
This is the first step in both the No-Lien and Loan workflows.
What is taking inventory/verify information?
If a customer was told to do this, RIT review is skipped.
What is obtain a new title?
If a lien is from a previous owner, send this message.
What is "Hidden Lien in Previous Owner's Name"?
If the verified trim results in a price change, you must notify the customer using this.
What is the Advanced Review - Updated Trim send message template?
If you see this form of corrosion in the vehicle photos, it must be selected in the appraisal.
What is rust?
This document confirms legal ownership and often reveals lienholders.
What is TitleCheck?
You can confirm the title issue date by cross-referencing the TitleCheck and this document.
What is the MVR or Paper Title?
If a $0 payoff appears, this is the status of the loan.
What is closed?
These two tools can be used to verify trim in addition to stickers and badges.
What are Trim Tools and Decoders?
True or False: You should always adjust the overall condition level when additional damage is found.
What is false?
A key difference between the No-Lien and Loan workflows, this step appears only in one of them.
What is loan verification?
This section in CAM is updated only if the payoff is in the customer’s name.
What is the Lien section?
If a loan is charged off, in bankruptcy, or repossessed, you must do this.
What is place the case in Not Approved?
This automaker requires a special process to verify trim due to its unique model structure.
What is Tesla?
This type of message should be sent if the customer’s offer changes due to new damage.
What is the Advanced Review - Damage Changed Value message?
For this state, caseworkers must follow the state specific requirements in addition to the standard workflow.
What is California?
If a recent title event does not appear on the MVR, place the case in this status.
What is Needs Follow-Up?
These two platforms are used to request an electronic payoff.
What are DealerTrack and RouteOne?
This update must occur if the confirmed trim differs from the original.
What is updating the appraisal?
You should only request additional photos if this is lacking.
What is sufficient photo coverage of the vehicle?
Abbreviation for Sell to Carvana
STC