VINtek, a provider of auto finance services and solutions for lenders, has been endorsed as the preferred electronic lien and title (ELT) provider by the Texas Bankers Association (TBA) and its for-profit subsidiary, Texas Bankers Association Services Company (TBASCO).
Texas Department of Motor Vehicles (TxDMV) expanded its pilot electronic lien and title (ELT) program statewide on Nov. 2, and VINtek, a provider of auto finance services and solutions for lenders, has begun processing ELT titles in the state for several financial institutions.
After seven years of providing electronic lien and titling in that state, VINtek said it has assisted California lawmakers with the drafting of the state’s ELT legislation, which was signed into law by Gov. Arnold Schwarzenegger on Oct. 11.
VINtek, a provider of auto finance services and solutions for lenders, announced that Lorain, Ohio-based The Lorain National Bank, a subsidiary of LNB Bancorp, selected VINtek as its electronic lien and title (ELT) technology provider for paperless vehicle titles.
VINtek, a provider of automotive collateral management services and direct auto finance solutions for lenders, announced the launch of its latest version of VINtekTIME, its Web-based automotive collateral management system for paperless and paper-based vehicle titles.
VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other automotive finance lenders, processed a record number of lien applications in the first quarter 2009.
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