PHILADELPHIA — After receiving extensive feedback from its clients, VINtek has launched a revamped version of VINtekTIME, its online auto collateral management system for paperless and paper-based vehicle titles.

The enhanced version of VINtekTIME features a workflow and task queuing system with timers, due dates and alerts; the integration of Department of Motor Vehicle business rules with document image and file hosting; and expanded user-profile configuration utilities.

"VINtek created the latest version of its collateral management system based heavily on direction and feedback we received from lenders on our client advisory board, a group of select clients who actively help guide our innovative efforts," explained Larry Highbloom, president of VINtek.

"Our new version of VINtekTIME builds upon our history of reliability in data exchange with lenders and DMVs and provides enhanced risk-management tools to lenders who are focused upon preventing title exceptions," he added.

According to officials, the first lender to use the new platform is Dallas-based Santander Consumer USA with its Drive Financial brand.

"We upgraded to VINtekTIME v3.0 because the system provides us with even more efficiencies and risk-management benefits as a result of new features and capabilities plus unlimited customizable reporting and information sharing tools," shared Carolyn Prater, vice president of originations for Santander Consumer USA.

"As a member of VINtek's client advisory board, we were able to work with the VINtek product development team to design advanced features that meet our primary needs as well as enable us to customize features as we grow and change processes," she continued.