Santander Consumer USA Selects VINtek for Title Management Services

PHILADELPHIA--(Business Wire)--
VINtek, a provider of automotive collateral management services
and direct auto finance solutions for banks, credit unions and other
automotive finance lenders, announced that Dallas-based Santander
Consumer USA, d/b/a Drive Financial, a nationwide lender with a $6.2
billion non-prime auto portfolio and relationships with approximately
12,000 dealers in all 50 states, selected VINtek as its title
management provider.

"We selected VINtek as our new title management provider because
of its record of accurately managing both paper-based and paperless
vehicle collateral," said Carolyn Prater, vice president of
originations for Santander Consumer USA. "Its business process
outsource (BPO) title management solution enables us to maintain high
levels of title perfection to mitigate risk and ensure our security
interest, something that is especially important since we provide
automotive financing to non-prime borrowers. We can do all this with
VINtek while simultaneously reducing our operating costs."

"In the current economic environment, lenders need to be
increasingly diligent about the status of their liens because
delinquencies and repossessions are projected to increase," said Larry
Highbloom, president of VINtek. "When sourcing a collateral management
provider, lenders should look beyond initial pricing and seek out
providers who possess high lien perfection rates, have the ability to
offer the latest technologies such as Web-based Software-as-a-Service
collateral management applications incorporating paper and paperless
title technology, and have positive referrals from existing customers
and third parties such as officials from the Department of Motor
Vehicles."

VINtek introduced paperless title technology, known as Electronic
Lien and Title (ELT), in Pennsylvania and Georgia, as well as
eSignature and eContracting in support of consumer DMV processing.

About Santander Consumer USA(R)

Santander Consumer USA Inc. ("SC USA") is one of the
fastest-growing companies in the automotive finance sector. With its
Drive(R) (www.drivefinancial.com) and RoadLoans (www.roadloans.com)
brands, SC USA is a provider of finance programs that cover the entire
non-prime spectrum. The company began originating loans in 1997, and
is headquartered in Dallas, with offices in North Richland Hills,
Texas. The company is owned by Banco Santander (NYSE: STD), a leading
global bank with 66 million customers.

About VINtek

Founded in 1990, Philadelphia-based VINtek provides automotive
collateral management services and direct auto finance solutions for
banks, credit unions and other auto finance institutions. VINtek helps
lenders increase customer satisfaction and operating efficiency while
simultaneously decreasing costs and errors associated with collateral
management through the introduction of innovative consumer loan
servicing technologies. VINtek holds two U.S. patents on automotive
lien processes and is the recipient of numerous industry awards for
its processing services. For more information, visit www.vintek.com.

For VINtek:
Sarah Cannon, 678-781-7216

Copyright Business Wire 2008