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Move Allows for New Sales Opportunities for Credit Unions and Financial Institutions
AUSTIN, Texas – May 30, 2008 – Teres Solutions™, Building upon a successful three year strategic partnership, Teres Solutions™, Inc., a leading provider of direct and indirect lending software to credit unions and financial institutions, and SWBC announced they have expanded their relationship to include integration of Teres Solutions SAIL™ software with the Unity® insurance placement platform from SWBC. The Unity software enables loan officers to easily offer different types of insurance programs, including Extended Warranties, Major Mechanical Protection, Guaranteed Asset Protection, and Payment Protection. The integration with Unity software will make it possible for customers to automatically secure insurance quotes and placements directly within SAIL software during the loan application process.
“Providing access to insurance placement is becoming a key part of the value credit unions and financial institutions can add to their loan offerings,” said Mark Hein, CEO of the Credit Union Division of SWBC. “Our expanded partnership with Teres Solutions is making the cross-selling of insurance and loans easier so that our customers can expand their businesses.”
SWBC and Teres Solutions have jointly sold and marketed their respective products and services for the past three years. The integration of SAIL software with Unity software will further expand upon the types of services credit union and financial services organizations can provide to their customers and members.
“The business opportunities insurance provides to the loan origination business is helping credit unions and financial institutions grow in ways never possible before,” said Tim Kelly, CEO of Teres Solutions. “Our relationship with SWBC helps these organizations more easily tap into this growing market so they can foster stronger and long-lasting relationships with customers and members.”
The integration of SAIL software and SWBC Unity will be available in July. For additional information on the integration, visit www.TeresSolutions.com
About SWBC Headquartered in San Antonio, SWBC is a diversified financial services company providing a wide range of insurance, mortgage, and investment services to financial institutions, businesses, and individuals. With offices across the country, SWBC is committed to providing quality products, outstanding service, and customized solutions. For more information, visit SWBC’s web site at www.swbc.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.
(512) 493-0909
scholz@virtualprdirector.com
Company Contact:
Tim Kelly
Teres Solutions, Inc.
(512) 218-4200
info@teressolutions.com
“Providing access to insurance placement is becoming a key part of the value credit unions and financial institutions can add to their loan offerings,” said Mark Hein, CEO of the Credit Union Division of SWBC. “Our expanded partnership with Teres Solutions is making the cross-selling of insurance and loans easier so that our customers can expand their businesses.”
SWBC and Teres Solutions have jointly sold and marketed their respective products and services for the past three years. The integration of SAIL software with Unity software will further expand upon the types of services credit union and financial services organizations can provide to their customers and members.
“The business opportunities insurance provides to the loan origination business is helping credit unions and financial institutions grow in ways never possible before,” said Tim Kelly, CEO of Teres Solutions. “Our relationship with SWBC helps these organizations more easily tap into this growing market so they can foster stronger and long-lasting relationships with customers and members.”
The integration of SAIL software and SWBC Unity will be available in July. For additional information on the integration, visit www.TeresSolutions.com
About SWBC Headquartered in San Antonio, SWBC is a diversified financial services company providing a wide range of insurance, mortgage, and investment services to financial institutions, businesses, and individuals. With offices across the country, SWBC is committed to providing quality products, outstanding service, and customized solutions. For more information, visit SWBC’s web site at www.swbc.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.
(512) 493-0909
scholz@virtualprdirector.com
Company Contact:
Tim Kelly
Teres Solutions, Inc.
(512) 218-4200
info@teressolutions.com
© 2008 Teres Solutions, Inc. All Rights Reserved.