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VINtek marks 20 year anniversary

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PHILADELPHIA (8/13/10)--VINTek, a provider of automotive collateral management and electronic lien and title (ELT) services used by credit unions, is celebrating its 20-year anniversary this month. VINtek has more than 1,200 auto finance customers, including credit unions. VINtek, founded in 1990 by president/CEO Larry Highbloom, has worked to streamline auto lenders’ processes, such as increasing operating efficiency and reducing exposure to errors and fraud. VINtek has maintained 99% of its client base since its founding. Highbloom has participated in the expansion of ELT nationwide. Fifteen states offer an ELT program, with four mandating the use of electronic titles by auto lenders. VINtek also offers the www.TitleMyCar.com consumer portal and a Department of Motor Vehicles “Concierge” service that provides remote title application and other services.