Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
VINtek introduces Dealer Monitoring Program
ORLANDO, Fla. (4/1/09)--VINtek, a provider of automotive collateral management services, has launched its Dealer Monitoring Program, a risk management program for lenders that manages risk and perfects liens from auto dealers. The program helps auto finance providers avoid potential losses due to title exceptions from the liens they fund through their network of dealers. Prior to funding a dealer after a loan is approved, an indirect lender can use the program to ensure the lien will be perfected. The program enables funding of dealers within a day or two of the loan’s approval, but with increased risk management benefits for lenders, VINtek said. “The Dealer Monitoring Program reduces and prevents the accumulation of unperfected liens for auto finance lenders of all sizes,” said Larry Highbloom, VINtek president. “Our process also protects indirect lenders from situations where dealers are closing their doors due to insolvency, yet the lender may be financing a consumer vehicle for purchase with a pre-existing lien that the dealer has not satisfied.” Program fees are variable and can be passed on to the borrowers or dealers at no cost to the lender, VINtek said. VINtek is based in Philadelphia.


RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
8 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
10 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
12 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
12 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
14 hours ago