IAA - IAA Loan Payoff exceeds $3B in total loss transactions in 2022
- IAA ( NYSE: IAA ) has announced that IAA Loan Payoff exceeded $3B in total loss transactions in 2022.
- This exponential growth follows the tool’s 2021 record of $1.2B in loans and leases processed, bringing the grand total in transactions since its launch to $5B.
- IAA Loan Payoff provides a single point of entry for all total loss transactions with a lien or lease, using its secure digital portal to automate inefficient manual communications between carriers and lenders.
- “An expedited claims process leads to more satisfied policyholders, and we are thrilled to be leaders in advancing toward an all-digital environment, reducing stress, time and costs.” said John Kett, CEO and President of IAA.
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IAA Loan Payoff exceeds $3B in total loss transactions in 2022