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Move Allows Credit Unions to Automate Insurance Quotes and Placement During the Loan Application and Approval Process

AUSTIN, Texas – June 3, 2008 – Teres Solutions™, Inc., a leading provider of direct and indirect lending software to credit unions and financial institutions, today announced that it has partnered with Allied Solutions to integrate Teres Solutions SAIL lending software with the Allied Solutions IQQ software for automating insurance application management. The integration will allow credit unions and financial institutions for the first time to automatically receive insurance quotes and placements for the loan applications they manage for customers through the SAIL lending software.


“We’re honored to be partnering with one of the top providers of loan management software to credit unions,” said Pete Hilger, Executive Vice President of Allied Solutions. “Both organizations share a commitment to making our customers more efficient and competitive. By working together to integrate our complementary technology, we’re offering new and more effective ways for credit unions to grow their businesses.”


Allied Solutions is one of the largest providers of insurance, lending and marketing products to financial institutions. Credit unions and financial institutions rely on Allied Solutions for a number of insurance offerings, including Collateral Protection Insurance, Credit Life, Extended Warranties, GAP insurance and more.


“Credit unions and financial institutions understand that automation is the key to succeeding in this hyper-competitive lending market,” said Tim Kelly, CEO of Teres Solutions. “Our partnership with Allied Solutions will allow them to automatically receive insurance quote approvals and placement during the loan application process. Being able to deliver value-added products like these as part of the loan application process is essential to winning more business.”

For additional information on the integration of SAIL software and Allied Solutions IQQ, visit www.teressolutions.com.




About Allied Solutions Allied Solutions is a leading insurance and financial services company that has been working with financial institutions for more than 27 years. Allied Solutions currently has business with more than 3,600 financial institutions around the country. Allied Solutions represents a variety of product providers, all of which maintain high ratings for financial strength. Allied Solutions (www.alliedsolutions.net) is a wholly-owned, independently-operated subsidiary of Securian Financial Group (www.securian.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.