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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 – May 22, 2008 – Teres Solutions™, Inc. today announced that over 175 of the
nation’s leading credit unions and financial institutions are now using SAIL® software to
automate their lending needs. Credit unions that recently purchased SAIL software include: Gulf
Credit Union, Heritage Credit Union, Insight Financial Credit Union and ORNL Federal Credit
Union.
“We at Insight are extremely excited about the benefits our members will realize from the services we offer and the added capabilities the SAIL software provides,” said Mike Mickler, vice president of Lending for Insight Financial. “We look forward to doing great things together with Teres for our members.”
The SAIL family of lending software products significantly reduces 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. Unlike cumbersome add-ons from many core system providers, Teres Solutions SAIL software solutions offer the flexibility and a faster time-to-implementation so that organizations have the capabilities they need to achieve lending program goals more quickly.
“By listening closely to our customers changing needs, our SAIL family of products has continued to stay one step ahead of lending market demands,” said Tim Kelly, CEO of Teres Solutions, Inc. “It’s not only made us one of the top three lending software providers in the industry but also enabled our customers to succeed even in the most challenging times.”
Teres Solutions SAIL software family is used by some of the nation’s most successful credit unions, lending CUSOs, banks and finance companies to automate their indirect, direct and web-based lending processes. With SAIL software, not only are lending processes faster and 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 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.
Media Contact:
Karl Scholz
For Teres Solutions, Inc.
Company Contact:
Tim Kelly
Teres Solutions, Inc.
(512) 493-0909 (512) 218-4200
“We at Insight are extremely excited about the benefits our members will realize from the services we offer and the added capabilities the SAIL software provides,” said Mike Mickler, vice president of Lending for Insight Financial. “We look forward to doing great things together with Teres for our members.”
The SAIL family of lending software products significantly reduces 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. Unlike cumbersome add-ons from many core system providers, Teres Solutions SAIL software solutions offer the flexibility and a faster time-to-implementation so that organizations have the capabilities they need to achieve lending program goals more quickly.
“By listening closely to our customers changing needs, our SAIL family of products has continued to stay one step ahead of lending market demands,” said Tim Kelly, CEO of Teres Solutions, Inc. “It’s not only made us one of the top three lending software providers in the industry but also enabled our customers to succeed even in the most challenging times.”
Teres Solutions SAIL software family is used by some of the nation’s most successful credit unions, lending CUSOs, banks and finance companies to automate their indirect, direct and web-based lending processes. With SAIL software, not only are lending processes faster and 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, auto, 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.
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.
Media Contact:
Karl Scholz
For Teres Solutions, Inc.
Company Contact:
Tim Kelly
Teres Solutions, Inc.
(512) 493-0909 (512) 218-4200
© 2008 Teres Solutions, Inc. All Rights Reserved.