Why Auto Lenders Can't Afford to Keep Mailing POAs
Every auto refinance starts the same way: the borrower agrees to the new terms, the deal is approved, and then someone has to get a power of attorney signed so the lender can handle the title transfer without the borrower standing at the DMV counter in person. The lenders who are fixing this are funding faster, cutting operational costs, and closing a fraud vulnerability that paper processes leave wide open.