Client Quotes
Service Award Quote
"VINtek received the Business Partnership Excellence Award again because it provides our credit union with services that support our mission and make a difference in the lives of our individual members," said Craig Roy, vice president of support services for DCU. "We hope that our relationship with VINtek serves as a model for other technology and service providers."
Client Testimonial / VINtekTIME™
"We selected VINtek as our new title management provider because of its record of accurately managing both paper-based and paperless vehicle collateral," said Carolyn Prater, vice president of originations for Santander Consumer USA. "Its business process outsource (BPO) title management solution enables us to maintain high levels of title perfection to mitigate risk and ensure our security interest, something that is especially important since we provide automotive financing to non-prime borrowers. We can do all this with VINtek while simultaneously reducing our operating costs."
"We upgraded to VINtekTIME v3.0 because the system provides us with even more efficiencies and risk management benefits as a result of new features and capabilities plus unlimited customizable reporting and information sharing tools," said Carolyn Prater, vice president of originations for Santander Consumer USA.
"We selected VINtek as our paperless title technology provider after looking at other options because VINtek offers the capabilities, pricing and customer support that fits the needs of a community bank our size," said Melissa Kinlin, associate vice president, loan center supervisor at The Lorain National Bank. "Using ELT from VINtek enables us to reduce title management expenses and allocate fewer staff members to our collateral management department."
"In addition to ELT being a green and environmentally friendly process for The Texas Department of Motor Vehicles, we are looking forward to the time and cost-saving benefits provided by paperless title processing," said Rebecca Davio, Ph.D., director of the Vehicle Titles and Registration Division of TxDMV.
"After a smooth pilot program and statewide roll out, we expect great success for the ELT program in Texas and look forward to working with the financial institutions that VINtek has lined up to make the transition from paper to paperless titles," said Monica Blackwell, chief of titles for TxDMV.
"Using paperless titles enhances the security interest process, reduces cost and enhances data privacy because lien information is exchanged electronically between the Motor Vehicle Division and the lender," said Georgia Department of Revenue Commissioner Bart L. Graham. "Electronic titles also reduce the risk of fraud by eliminating documents that can be stolen or manipulated by a third party."
"As a result of the introduction of the Texas Department of Motor Vehicle state-wide ELT process our TBASCO Board of Directors believed it important to endorse a provider that could service all of our members, from the smallest to the largest," said Wanda Stevens, director of partner alliances and marketing for the Texas Bankers Association. "After a stringent due diligence process and review of four ELT providers, VINtek was selected as our preferred vendor."
"With paperless titles, Texans Credit Union can issue and release titles much more efficiently for borrowers that reside in Texas and rely on VINtek's fully compliant system, which is used throughout the country, to serve non-residents without spending time researching the unique ELT guidelines of each state," said Craig Thomas, vice president of loan operations for Texans. "This simplifies the way we manage auto liens and gives us more time to focus on the needs of our members."
"We chose VINtek's ELT service for its ease-of-use, auditing efficiency of existing paper titles, and cost-effectiveness. Amplify members will receive improved service as lien placements and lien releases are handled faster and more efficiently," said Lisa Larson, assistant vice president of operations at Amplify.
Company Fact
"As we face the worst times to probably hit the automotive industry since the Great Depression of the 1930s, auto lenders are looking for better collateral management processes to mitigate their lending risks," said Larry Highbloom, president of VINtek. "VINtek's clients include FOUR of the FIVE largest commercial banks, the world's largest credit union, one of the largest independent automotive finance companies and hundreds of other automotive financiers of all sizes. These organizations recognize the benefits we deliver to our financial institution clients by honoring us with service performance awards and selecting us as their new title management provider month after month."
