![[ Home ]](/_images/trans.gif)
07/01/08
CRIF Acquires Teres Solutions as Part of Continued Global Expansion
3/5/08
Austin Credit Union, Vendor Fight Credit Crunch with Software
1/29/08
Teres Solutions Customer Base Grows by 25 Percent
9/21/07
Teres Solutions Inks New Customer Deals with Top Credit Unions
Teres Solutions Grows 40 Percent in 2005
AUSTIN, TX -- (MARKET WIRE) -- 02/13/2006 -- Teres
Solutions, Inc., a leading provider of direct and indirect lending software to
credit unions and financial institutions, today announced that it grew 40
percent in 2005. As part of Teres Solutions' expansion, ten credit unions and
three financial institutions purchased the Teres Solutions™ SAIL® software to
manage and automate their lending programs. Organizations that purchased SAIL
software included Teacher Federal Credit Union, O.S.U. Federal Credit Union,
TopLine Federal Credit Union, North Coast Credit Union, Numerica Credit Union,
MacDill Federal Credit Union, Spokane Teachers Credit Union, SIU Credit Union,
Stanford Federal Credit Union, MAX Federal Credit Union, Quantum Auto Group,
LLC, Consumers Credit Union, and FLS Services, LLP. Together, the direct and
indirect lending programs of these new Teres Solutions customers are expected to
generate $2 billion in new loan volume in 2006.
Nearly 50 credit unions and financial organizations around the country rely on Teres Solutions SAIL software to automate and manage their indirect and direct lending programs. The SAIL software products significantly reduce the time it takes to review loan applications, request and review credit reports, enter data into core systems, make lending decisions and quickly respond to dealers and members.
"After a thorough review of all available options, we determined Teres Solutions SAIL software clearly provides an advanced loan management and automation system that best meets the needs of our organization," said Keith Troup, Vice President of Operations for Stanford Federal Credit Union. "We look forward to leveraging SAIL software's extensive feature set and cutting-edge loan automation and reporting capabilities as we look to grow our new consumer loan originations from $97.5 million in 2005 to over $168 million in 2006 -- all with the addition of only one new team member."
"We are honored to have some of the most technologically advanced and fastest-growing credit unions and financial institutions as our customers," said Bruce Callen, president of Teres Solutions, Inc. "It's a testament to the unparalleled market experience of our team and its vision for how the ideal lending system should work."
Teres Solutions SAIL software is used by some of the nation's most successful credit unions and financial institutions to automate their indirect and direct lending processes. With SAIL software, not only are lending processes more efficient, but existing staff can be more productive by focusing on improving yields through new member acquisition or sales of add-on services. Key features of the SAIL family of products include:
-- Electronic integration with the RouteOne and DealerTrack finance
platforms for automobile dealerships
-- Seamless integration with major credit union core systems, including
Summit, Symitar and ULTRADATA, Users, and XP
-- Automated lending decisions through the SAIL Autopilot module
-- Sophisticated real time reporting
-- Browser-based technology for rapid deployment and maintainability;
while hosted from within the credit union's infrastructure for greater
security and control
-- Intuitive user dashboard
-- Roles-based security features
-- Automated credit checking
-- Application history lookup
-- Federal regulation compliance
-- Automatic dealer response generation
-- Direct forms integration with almost any form, including Loanliner
forms as well as custom forms
-- Integration with NADA
-- Integration with Auto Financial Group for balloon loans
-- Integration with Loanliner.com for member & non-member direct loan
origination
For more information about Teres Solutions and its SAIL software products, visit www.teressolutions.com.
About Teres Solutions, Inc.
Teres Solutions, Inc. was founded in 2002 for the express purpose of developing direct and indirect lending software products that define the state-of-the-art for the financial institution market. Its Software Application for Integrated Lending (SAIL) direct and indirect lending products allow financial institutions to streamline lending decisions, increase revenue through enhanced loan application processing efficiency, improve dealer and member relations, and augment loan tracking and reporting capabilities. Teres Solutions has been recognized as a Microsoft certified partner with accredited core competencies. Visit www.teressolutions.com for more information on Teres Solutions, its products and services.
SAIL is a registered trademark and Teres Solutions is a trademark of Teres Solutions, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.
Nearly 50 credit unions and financial organizations around the country rely on Teres Solutions SAIL software to automate and manage their indirect and direct lending programs. The SAIL software products significantly reduce the time it takes to review loan applications, request and review credit reports, enter data into core systems, make lending decisions and quickly respond to dealers and members.
"After a thorough review of all available options, we determined Teres Solutions SAIL software clearly provides an advanced loan management and automation system that best meets the needs of our organization," said Keith Troup, Vice President of Operations for Stanford Federal Credit Union. "We look forward to leveraging SAIL software's extensive feature set and cutting-edge loan automation and reporting capabilities as we look to grow our new consumer loan originations from $97.5 million in 2005 to over $168 million in 2006 -- all with the addition of only one new team member."
"We are honored to have some of the most technologically advanced and fastest-growing credit unions and financial institutions as our customers," said Bruce Callen, president of Teres Solutions, Inc. "It's a testament to the unparalleled market experience of our team and its vision for how the ideal lending system should work."
Teres Solutions SAIL software is used by some of the nation's most successful credit unions and financial institutions to automate their indirect and direct lending processes. With SAIL software, not only are lending processes more efficient, but existing staff can be more productive by focusing on improving yields through new member acquisition or sales of add-on services. Key features of the SAIL family of products include:
-- Electronic integration with the RouteOne and DealerTrack finance
platforms for automobile dealerships
-- Seamless integration with major credit union core systems, including
Summit, Symitar and ULTRADATA, Users, and XP
-- Automated lending decisions through the SAIL Autopilot module
-- Sophisticated real time reporting
-- Browser-based technology for rapid deployment and maintainability;
while hosted from within the credit union's infrastructure for greater
security and control
-- Intuitive user dashboard
-- Roles-based security features
-- Automated credit checking
-- Application history lookup
-- Federal regulation compliance
-- Automatic dealer response generation
-- Direct forms integration with almost any form, including Loanliner
forms as well as custom forms
-- Integration with NADA
-- Integration with Auto Financial Group for balloon loans
-- Integration with Loanliner.com for member & non-member direct loan
origination
For more information about Teres Solutions and its SAIL software products, visit www.teressolutions.com.
About Teres Solutions, Inc.
Teres Solutions, Inc. was founded in 2002 for the express purpose of developing direct and indirect lending software products that define the state-of-the-art for the financial institution market. Its Software Application for Integrated Lending (SAIL) direct and indirect lending products allow financial institutions to streamline lending decisions, increase revenue through enhanced loan application processing efficiency, improve dealer and member relations, and augment loan tracking and reporting capabilities. Teres Solutions has been recognized as a Microsoft certified partner with accredited core competencies. Visit www.teressolutions.com for more information on Teres Solutions, its products and services.
SAIL is a registered trademark and Teres Solutions is a trademark of Teres Solutions, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies.
© 2008 Teres Solutions, Inc. All Rights Reserved.