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Broward School Credit Union Selects Teres Solutions for its Indirect Lending Software Provider
AUSTIN, Texas – September 1, 2003 – Teres Solutions, Inc. announced today that Broward Schools Credit Union went live with its SAIL Indirect Lending software package to facilitate the transition of its indirect lending program from an outside resource to an in-house program. The SAIL family of lending software products provides streamlined direct and indirect loan application processing as well as other web-based business enhancement tools for the credit union community.
Based in Fort Lauderdale, Florida, the $255 million asset-sized Broward Schools Credit Union has determined that in order to grow its indirect lending program the credit union would need centralized, in-house control as well as improved dealer communication, loan decision tracking, and reporting. The credit union examined several different indirect lending software packages to support its new in-house program. Todd Beasley, Vice President of Lending with Broward Schools Credit Union, explains their ultimate decision to select the Teres Solutions' SAIL system. "In choosing new technologies for the credit union, we have strict criteria that must be met before we will purchase any product. Essentially, the technology must be state-of-the-art, easy to use, and reasonably priced. It was also important that the indirect lending product we chose seamlessly interface with our Summit core processing system. We found the SAIL Indirect Lending package to be exactly what we needed. It provides options that are not available with the other software packages we evaluated including automatic loan applicant field population, instant credit report information, automatic loan decisions, standard and customized reporting, automatic OFAC reporting, and web-based dealer communication. In addition, we believe that SAIL will not only help us grow our indirect lending area, its customized reporting options will allow us to target-market other products and services to current and potential credit union customers. Finally, we have found Teres Solutions' salesmanship and support to be outstanding."
"I am excited to add Broward School Credit Union to our growing list of partners and I feel confident that SAIL will help them meet all of their indirect lending program goals," noted Bruce Callen, Teres Solutions, Inc. President. "Our only focus at Teres Solutions is to provide direct and indirect lending software solutions that meet all needs of the credit union lending community. To that end, we have and will continue to work closely with our customers to ensure that the SAIL family of lending products sets the standard for the industry. We understand that it's this open line of communication that truly sets us apart from our competition."
About Broward Schools Credit Union
The Broward Schools Credit Union was formed in 1946 by a core of 26 dedicated employees of the School Board of Broward County and began operating out of a small room in the old Ft. Lauderdale High School. Today, Broward Schools Credit Union is a $255 million financial institution with more than 38,000 members and five offices in the Broward County area.
About Teres Solutions, Inc.
Austin, Texas-based Teres Solutions Inc. (TSI) was founded in 2002 for the express purpose of assisting credit unions with their lending software needs. TSI worked closely with credit unions in the development of an indirect lending software program that could seamlessly integrate with their ULTRADATA system and automatically carry out many of the lending steps that were being performed manually. TSI's principals have an average 17 years of experience helping credit unions and other large corporations with their software needs.
Teres Solutions' SAIL program brings a level of automation to the indirect lending process that has not been available in the past. The program interfaces with a credit union's core data system to provide instantaneous information about the loan applicant's statistical data and loan history. In addition, the program automatically pulls credit reports, generates reports, complies, and streamlines lender/auto-dealer communications.
For information: http://www.teressolutions.com or Contact: info@teressolutions.com
Phone: 512-218-4200
Contact:
Mr. Steve Maloney
Teres Solutions, Inc.
13915 Burnet Rd., Ste. 202
Austin, Texas 78728 (512) 218-4200
(512) 218-4213 fax
steve.maloney@teressolutions.com
info@teressolutions.com
Based in Fort Lauderdale, Florida, the $255 million asset-sized Broward Schools Credit Union has determined that in order to grow its indirect lending program the credit union would need centralized, in-house control as well as improved dealer communication, loan decision tracking, and reporting. The credit union examined several different indirect lending software packages to support its new in-house program. Todd Beasley, Vice President of Lending with Broward Schools Credit Union, explains their ultimate decision to select the Teres Solutions' SAIL system. "In choosing new technologies for the credit union, we have strict criteria that must be met before we will purchase any product. Essentially, the technology must be state-of-the-art, easy to use, and reasonably priced. It was also important that the indirect lending product we chose seamlessly interface with our Summit core processing system. We found the SAIL Indirect Lending package to be exactly what we needed. It provides options that are not available with the other software packages we evaluated including automatic loan applicant field population, instant credit report information, automatic loan decisions, standard and customized reporting, automatic OFAC reporting, and web-based dealer communication. In addition, we believe that SAIL will not only help us grow our indirect lending area, its customized reporting options will allow us to target-market other products and services to current and potential credit union customers. Finally, we have found Teres Solutions' salesmanship and support to be outstanding."
"I am excited to add Broward School Credit Union to our growing list of partners and I feel confident that SAIL will help them meet all of their indirect lending program goals," noted Bruce Callen, Teres Solutions, Inc. President. "Our only focus at Teres Solutions is to provide direct and indirect lending software solutions that meet all needs of the credit union lending community. To that end, we have and will continue to work closely with our customers to ensure that the SAIL family of lending products sets the standard for the industry. We understand that it's this open line of communication that truly sets us apart from our competition."
About Broward Schools Credit Union
The Broward Schools Credit Union was formed in 1946 by a core of 26 dedicated employees of the School Board of Broward County and began operating out of a small room in the old Ft. Lauderdale High School. Today, Broward Schools Credit Union is a $255 million financial institution with more than 38,000 members and five offices in the Broward County area.
About Teres Solutions, Inc.
Austin, Texas-based Teres Solutions Inc. (TSI) was founded in 2002 for the express purpose of assisting credit unions with their lending software needs. TSI worked closely with credit unions in the development of an indirect lending software program that could seamlessly integrate with their ULTRADATA system and automatically carry out many of the lending steps that were being performed manually. TSI's principals have an average 17 years of experience helping credit unions and other large corporations with their software needs.
Teres Solutions' SAIL program brings a level of automation to the indirect lending process that has not been available in the past. The program interfaces with a credit union's core data system to provide instantaneous information about the loan applicant's statistical data and loan history. In addition, the program automatically pulls credit reports, generates reports, complies, and streamlines lender/auto-dealer communications.
For information: http://www.teressolutions.com or Contact: info@teressolutions.com
Phone: 512-218-4200
Contact:
Mr. Steve Maloney
Teres Solutions, Inc.
13915 Burnet Rd., Ste. 202
Austin, Texas 78728 (512) 218-4200
(512) 218-4213 fax
steve.maloney@teressolutions.com
info@teressolutions.com
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