Lenders, including credit unions, must be connected to state's electronic lien and title program by Jan. 1.
VINtek touts approval as provider of ELT service in Badger State.
Programs require electronic titling, with more than 800 lienholders already aboard in those two states.
Two years after their partnership formed, a Texas Credit Union League subsidiary and a Philadelphia vendor said they now are serving more than 80% of the state’s credit unions participating in the Texas electronic lien and title program.
Now 128 credit unions participating, 104 of them through league service corporation partnership with VINtek.
More than 10,000 paper titles have been converted to computer files at the $389 million Valley First Credit Union in Modesto, Calif., since it began using an electronic lien and title service solution from VINtek.
Credit unions can now access VINtek’s TitleMyCar.com consumer auto finance Web portal through the Apple iPhone and iPad.
To fill the potholes in crumbling budgets, some states are continuing to look for ways to cut expenses.