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VINtek offers e-contracting for direct auto loans
PHILADELPHIA (3/24/08)--VINtek, which provides automotive collateral management services for credit unions, announced that it will offer an electronic contracting solution. TitleMyCar.com is a direct-to-consumer auto loan documentation portal that is used by direct auto lenders with VINtek’s virtual lien services. The solution aims to eliminate paperwork and initiate faster closings. Consumers using TitleMyCar.com can review and execute their auto loan documents, and initiate funding using a paper-based or electronic signature process. If consumers sign electronically, the documents are retained in an electronic vault on behalf of the lender. The document is legal, tamper-proof and eliminates the need for physical paper processing, VINtek said. VINtek is based in Philadelphia.


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