Get That Title Fast with VINtek's TitleMyCar.com Adapted for Mobile and Tablet Devices

PHILADELPHIA--June 7, 2011: VINtek, a provider of automotive collateral management, electronic lien and title (ELT) services and direct finance processing, announced that its TitleMyCar consumer auto finance Web portal is compatible with the Apple iPhone and iPad.

“As borrowers continue to rely on their Web-enabled devices, financial institutions must keep up with the demand for services that take advantage of this technology”

The TitleMyCar website enables automotive financiers to reduce processing time and costs by electronically delivering documents to borrowers for their review and eSignature. For consumers, the portal presents auto loan agreements, supporting documents and DMV forms thereby alleviating the need to visit a branch of a lending institution. By adapting TitleMyCar for use with iPhones and iPads, financial institutions can expand their Direct-to-Consumer (D2C) lending programs and provide borrowers with the ability to fulfill document requirements anytime, anywhere.

"As borrowers continue to rely on their Web-enabled devices, financial institutions must keep up with the demand for services that take advantage of this technology," said Larry Highbloom, president of VINtek. "For automotive lending, enabling the completion of loan documents through these devices gives lenders a significant edge over competitors by providing borrowers with fast and secure financing. In tandem with VINtek's D2C lending platform, borrowers never need to visit a physical branch or the DMV when applying for an auto loan."

Now, a potential borrower can see a car for sale in a driveway or at a dealership, apply for the loan through their bank via their mobile device, and potentially have a decision within seconds. Documents are delivered instantly via the Web and the borrower can immediately start negotiating with the seller.

About VINtek

In its 21^st year, Philadelphia-based VINtek provides automotive collateral management services and direct auto finance solutions for banks, credit unions and other auto finance institutions. Through its offices in Philadelphia, Las Vegas, Sacramento, Calif., and Troy, Mich., 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.