When you put Mitchell WorkCenter Total Loss to work, you bring your total loss unit a statistically driven, fully automated, web-based total loss valuation system. We combine J.D. Power and Associates data analysis and pricing techniques with Mitchell's established leadership in physical damage claims processing solutions. The results are:
- Fair-market, data-driven vehicle valuations
- Reduced settlement time
- Improved customer satisfaction
A Simplified Process for Comprehensive Valuations
Total Loss is a one-stop workflow tool for comprehensive valuations, vehicle history, fraud detection, and guidebook calculations, salvage dispositions, and settlement tracking. The solution moves through the following steps to create 95% of Vehicle Valuation Reports in 30 seconds or less:
- Input Valuation Request
- Locate Comparable Vehicles
- Search comparable vehicle database for best vehicle matches
- Filter vehicle records to comply with state regulations and carrier preferences
- Apply adjustments to comparable vehicles to reconcile mileage, options, etc. with the loss vehicle
- Determine a Valuation
- Determine base value by summing up comparable vehicle adjusted prices
- Apply adjustments to base retail value for specialty equipment, refurbishments, condition, etc.
- Output Valuation Report
- Calculate total loss vehicle market value
- Produce vehicle valuation report detailing valuation and comparable vehicles