PHILADELPHIA — VINtek, a provider of automotive collateral management services for banks, credit unions and other auto finance lenders, recently announced the introduction of, a direct-to-consumer auto loan documentation portal. is used by direct auto lenders in conjunction with virtual lien perfection services provided by VINtek, executives pointed out.

Consumers directed to can review and execute their documents for auto loans and initiate funding utilizing a paper-based or electronic signature process. Benefits to consumers include faster closing and funding of their auto loans and reduced paperwork and effort to close the transactions, officials said.

Electronic signature and eContracting capabilities are provided through the portal by Baltimore-based eOriginal, a leader in the field of electronic signature legal compliance for eContracts, leases and other forms of transferable assets.

If consumers choose to electronically sign their loan documents, they are retained in an electronic vault maintained on behalf of the lender by eOriginal. The document is a legal, tamper-proof eContract that eliminates the need for any physical paper processing and retention by the lender, according to the company. is designed to complement VINtek's suite of products that include paperless titles for automotive collateral; VINtekTIME, a Web-based application that incorporates document imaging and other paperless processes for managing lien or title inventory; VINaudit, an automated VIN decoding system; and AUTOval, used-vehicle valuation technology.

"Our combined Software as a Service delivery model transfers information from VINtek to eOriginal in real time as consumers are conducting business on the Web site," said Jack Stose, vice president of eOriginal.

"By leveraging the respective skills and investments of VINtek and eOriginal, VINtek was able to create a portal that is simple to use yet sophisticated enough to meet the demands of the automotive finance lender community. The product's design provides rapid deployment and reduced IT resource requirements by lenders." Stose continued.

"The eSignature and eContract capabilities of the process, paired with the collateral management services traditionally provided by VINtek, reduce the time and effort required on the part of the consumer and the lender to close the auto loan," said Larry Highbloom, president of VINtek.

"Consumers are able to receive funding faster and lenders are able to reach an expanded market of borrowers through the D2C channel and reduce the cost of closing individual loans by moving them to an electronic format," he added.

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