VINtek has announced that it has made an agreement with Santander Consumer USA, Inc. to manage it’s vehicle titles. The agreement stems from the SC USA’s acquisition of the indirect auto loan portfolio of Triad Financial. VINtek will manage SC USA’s auto loans portfolio with its VINtekTIME v3.0.
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The VINtekTIME v3.0 is a web based automotive collateral management system. The system processes paperless automotive titles, Electronic Liean and Title, and paper titles, and collateral in one management system. The systems also features a workflow and task queuing system that includes timers, due dates and alerts. The system also integrates the Department of Motor Vehicles business rules with document image and file hosting.
Founded in 1990, Philadelphia-based VINtek provides automotive collateral management services and direct auto finance solutions for banks, credit unions and other auto finance institutions. VINtek helps lenders increase customer satisfaction and operating efficiency while simultaneously decreasing costs and errors associated with collateral management through the introduction of innovative consumer loan servicing technologies. VINtek holds two U.S. patents on automotive lien processes and is the recipient of numerous industry awards for its processing services. For more information, visit http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.vintek.com&esheet=6147946&lan=en_US&anchor=www.vintek.com&index=7&md5=5f5865f5fa34e6ee10b92b75a38567a8.
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