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Credit Unions Take Heed to States’ Move to Electronic Lien and Titles

As several states make the transition away from paper vehicle titles to electronic lien and titles, at least one firm said it is experiencing the impact.

By Michelle A. Samaad | Updated on March 08, 2013

As several states make the transition away from paper vehicle titles to electronic lien and titles, at least one firm said it is experiencing the impact.

VINtek, a provider of collateral management and ELT services and direct finance processing for auto lenders, said it experienced a 28% increase in new customer signings in 2012. The new clients represent an estimated 30% increase in recurring revenue over client sales in 2011, the Philadelphia-based firm reported.

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