VINtek Strengthens Share Among Lenders Servicing Military Borrowers
PHILADELPHIA — VINtek recently highlighted the growing
adoption of its VINtekTIME automotive collateral management system and
processes as well as increased interest in its eSignature and eContracting
solution by military-focused lenders, supporting thousands of military
borrowers around the world.
Through its technology services and focus on lender customer
satisfaction, VINtek has secured a 50 percent market share among the largest military-focused
lenders on the Credit Unions Online list of the top 100 U.S. credit unions.
Lenders such as Navy Federal Credit Union have relied upon
VINtek to provide their institutions and their servicemember borrowers with a
convenient and seamless auto titling experience.
VINtek's cloud-based VINtekTIME platform can provide lenders
with around-the-clock access to the tools needed to support their customers'
vehicle title needs. This solution can enable lenders to operate 24-hour call
centers to accommodate the needs of military members living overseas.
The company insisted significant investments in the
VINtekTIME technology ecosystem have resulted in a robust, resilient
application that lenders can rely upon any time of the day no matter what time
zone their operations are in.
In addition, VINtek's "Direct-to-Consumer" eSignature and
eContracting services are generating interest with military focused lenders.
Available through a VINtek supplied consumer Web portal www.titlemycar.com, the
services can permit the electronic presentment of loan and DMV documents along
with eSignature for lender loan documents.
Military borrowers, even with spouses separated due to
deployment, can access their auto loan documents anytime and anywhere they have
Internet access.
"Lenders want to be there for their military borrowers, and
as a valued supplier, VINtek wants to be there for the lender," said Larry
Highbloom, president of VINtek.
"By providing technology and service that can be leveraged
to improve the interaction between lenders and their customers anytime, we act
to enhance the consumer experience worldwide," Highbloom continued. "We are
honored to support our military-focused lenders in making life a little easier
for our service men and women everywhere."