Indirect lending Technologies, LLC, a leading provider of lending technology for the credit union industry, has completed integration of its Web-based indirect lending system with VINtek, a provider of automotive collateral management services and direct auto finance solutions for banks, credit unions and other automotive finance lenders. ILT's system, Dealer Indirect Lending and Leasing System™ or DILLS™, automates and manages the indirect lending process for lenders, from providing a loan application at the dealership, through automated underwriting, all the way to funding of the loan and downloading the data into the lender's core management system. DILLS™ now integrates with VINtekTIME®, VINtek's collateral custodial management system that records and stores lien data while providing the reporting information required to detect and fix lien exceptions.
     "The automated download we have just completed means that DILLS™ users will not be required to manually enter any data into VINtek's system", said William McGregor, president of ILT. "At the end of each day, all the data from each loan funded that day by the DILLS™ client and required by VINtek for its title tracking and other services will be automatically transferred by the DILLS™ system. The ultimate objective of all product development at ILT is maximizing the efficiency of the indirect lending process for our lender clients. This new feature certainly helps us achieve that overall goal, and we expect that this added convenience will enhance the value of our product as well as VINtek's."
     "Integrating ILT's lending technology with VINtek's collateral management system provides credit unions of all sizes with seamless functionality from loan origination through lien perfection," said Larry Highbloom, president of VINtek. "Credit unions are poised to increase their auto lending market share, and this alliance helps them achieve processing economies of scale to handle the increased volume."

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