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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 Customer Base Grows by 25 Percent
AUSTIN, Texas – January 29, 2008 – Teres Solutions TM, Inc., one of the top three providers of direct and indirect lending software, today announced that nearly 150 credit unions and financial institutions are now using the SAIL lending software to manage their lending portfolios. In 2007, Teres Solutions secured 27 new credit union and financial institution customers, representing a 25 percent growth rate in customers for the year. Together, Teres Solutions customers generated nearly $44 billion in loan volume in 2007 alone.
“SAIL has proven to be one of the most important strategic technology investments our organization has made in the past five years,” said Pierre Cardenas, Vice President of Lending for Amplify Federal Credit Union. “It not only has the capabilities we need today to handle our lending activities but it is continually updated with innovative features to help us compete in the ever evolving direct and indirect lending markets.”
In addition to its client base growth, last year Teres Solutions doubled its workforce and relocated its headquarters to a new 15,000 sq ft. office. The moves were in response to the continued demand Teres Solutions has experienced for its lending automation software solutions.
“Credit unions and financial institutions recognize that their lending organizations and current market conditions require them to have the right lending automation technology in place to give them a competitive advantage,” said Tim Kelly, CEO of Teres Solutions. “We continually add new features and strategic integrations to the SAIL family of products so that our customers can stay one step ahead.”
Teres Solutions SAIL software family 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:
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 has proven to be one of the most important strategic technology investments our organization has made in the past five years,” said Pierre Cardenas, Vice President of Lending for Amplify Federal Credit Union. “It not only has the capabilities we need today to handle our lending activities but it is continually updated with innovative features to help us compete in the ever evolving direct and indirect lending markets.”
In addition to its client base growth, last year Teres Solutions doubled its workforce and relocated its headquarters to a new 15,000 sq ft. office. The moves were in response to the continued demand Teres Solutions has experienced for its lending automation software solutions.
“Credit unions and financial institutions recognize that their lending organizations and current market conditions require them to have the right lending automation technology in place to give them a competitive advantage,” said Tim Kelly, CEO of Teres Solutions. “We continually add new features and strategic integrations to the SAIL family of products so that our customers can stay one step ahead.”
Teres Solutions SAIL software family 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:
- Supports multiple loan types, including home equity, HELOC’s, share and CD secured, credit card, personal, balloon loans, car, boat and motorcycle, and more.
- Electronic integration with RouteOne, DealerTrack and CUDL finance platforms for automobile dealerships;
- Embedded electronic integration with Lenders Protection from CUNA Mutual Group;
- Bi-directional, real-time integration with major credit union core systems, including: Summit, Symitar, UltraData, Users, OSI, IntegraSys and XP;
- Infinite options for structuring loan decisioning and auto approval;
- Sophisticated real time reporting;
- Browser-based technology for rapid deployment and maintainability;
- Roles-based security features;
- Automatic dealer response generation;
- Integration with NADA Guides and Kelley Blue Book;
- Integration with top three credit bureau providers;
- Integration with Auto Financial Group and CULA (Credit Union Leasing of America) for balloon loans and leases.
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.
© 2008 Teres Solutions, Inc. All Rights Reserved.