The Web-based indirect lending system from Indirect Lending Technologies (ILT) of Salt Lake City now integrates with the collateral management system from Philadelphia-based VINtek.
About 90 credit unions are currently using ILT's Dealer Indirect Lending and Leasing System (DILLS), an end-to-end solution that manages loans from dealer to funding to data entry into the core system.
DILLS now integrates with the VINtekTIME system that records and stores lien data while providing the reporting information required to detect and fix lien exceptions, the companies said. The connection provides seamless functionality from loan origination through the lien management process, they said.
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