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TERES SOLUTIONS INTEGRATES SAIL® LENDING PLATFORM WITH
CUNA MUTUAL GROUP’S ENHANCED LOANLINER.COM TECHNOLOGY
Joint Offering Speeds Loan Application and Lending Processes for Credit Union Members; Brings Automated Decisioning to loanliner.com Customers
Joint Offering Speeds Loan Application and Lending Processes for Credit Union Members; Brings Automated Decisioning to loanliner.com Customers
Austin, Texas and Madison, Wisconsin – January 26, 2010
CUNA Mutual Group and Teres Solutions™, Inc., . today announced they have integrated CUNA Mutual’s industry-leading online loan application system, loanliner.com, with the Teres Solutions SAIL lending automation platform. The combined offering will allow loanliner.com credit union customers to provide their members with instant decisions on loan applications submitted via the web. In addition, they will be able to further streamline their lending processes – from application submission to loan approval and funding.
“The SAIL® and loanliner.com platforms are the top technology offerings in their respective markets,” said Tim Kelly, CEO of Teres Solutions, Inc. “By working with CUNA Mutual to integrate the platforms, credit unions will be able to leverage the efficiency and power of a seamless solution in order to lend to more customers than ever before.”
CUNA Mutual Group recently released an upgrade to the loanliner.com system that includes significant enhancements. More than 12 million members currently have access to loanliner.com through 550 credit unions nationwide. In 2008, more than 550,000 applications were submitted using loanliner.com, representing more than $7.6 billion in requested credit and an estimated $4 billion in booked loans. More than 215 credit unions and financial institutions now rely on the Teres Solutions SAIL platform for their direct and indirect lending automation needs.
“Teres Solutions customers will benefit from the recent multi-million dollar investment we’ve made to enhance the performance, functionality and appearance of loanliner.com,” said Dan Murray, vice president, Lending Services for CUNA Mutual. “With 10 years of success with thousands of lenders, and millions of securely submitted loan applications, loanliner.com is the recognized leader in the online consumer loan application space. Now, we’ve made it better.”
In addition to providing members with faster decisions on their loan applications, the integrated loanliner.com and SAIL platforms will help credit union customers streamline many other lending processes. This includes providing instant origination of loan applications in SAIL, which eliminates the need for manual re-keying. Credit union customers will also be able to manage applications submitted through loanliner.com using the SAIL workflow and intuitive interface, reducing the need for additional training and consulting.
“Combined, loanliner.com and the SAIL platform give credit unions powerful lending capabilities. Teres Solutions, like our other partners and resellers, is leveraging the benefits of the recent investment we’ve made in loanliner.com – enhanced flexibility, compliance and unmatched internet cross-sell capabilities – by integrating loanliner.com while maintaining their focus on their core loan origination system. Teres Solutions, CUNA Mutual and our customers all win through this partnership,” said Murray.
For more information on Teres Solutions, visit TeresSolutions.com
About Teres Solutions, Inc.
Teres Solutions™, Inc., a wholly-owned subsidiary of CRIF, 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 Gold Certified Partner with accredited core competencies. Visit www.teressolutions.com for more information on Teres Solutions, its products and services.
About CUNA Mutual Group
CUNA Mutual Group is a leading provider of financial services to credit unions, their members and valued customers worldwide. With more than 70 years of commitment to credit unions, CUNA Mutual’s vision is unwavering: to be a trusted partner who delivers service excellence and customer-focused, best-in-class products and market-driven innovation. More information on the company is available on the company’s Web site at www.cunamutual.com.
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
“The SAIL® and loanliner.com platforms are the top technology offerings in their respective markets,” said Tim Kelly, CEO of Teres Solutions, Inc. “By working with CUNA Mutual to integrate the platforms, credit unions will be able to leverage the efficiency and power of a seamless solution in order to lend to more customers than ever before.”
CUNA Mutual Group recently released an upgrade to the loanliner.com system that includes significant enhancements. More than 12 million members currently have access to loanliner.com through 550 credit unions nationwide. In 2008, more than 550,000 applications were submitted using loanliner.com, representing more than $7.6 billion in requested credit and an estimated $4 billion in booked loans. More than 215 credit unions and financial institutions now rely on the Teres Solutions SAIL platform for their direct and indirect lending automation needs.
“Teres Solutions customers will benefit from the recent multi-million dollar investment we’ve made to enhance the performance, functionality and appearance of loanliner.com,” said Dan Murray, vice president, Lending Services for CUNA Mutual. “With 10 years of success with thousands of lenders, and millions of securely submitted loan applications, loanliner.com is the recognized leader in the online consumer loan application space. Now, we’ve made it better.”
In addition to providing members with faster decisions on their loan applications, the integrated loanliner.com and SAIL platforms will help credit union customers streamline many other lending processes. This includes providing instant origination of loan applications in SAIL, which eliminates the need for manual re-keying. Credit union customers will also be able to manage applications submitted through loanliner.com using the SAIL workflow and intuitive interface, reducing the need for additional training and consulting.
“Combined, loanliner.com and the SAIL platform give credit unions powerful lending capabilities. Teres Solutions, like our other partners and resellers, is leveraging the benefits of the recent investment we’ve made in loanliner.com – enhanced flexibility, compliance and unmatched internet cross-sell capabilities – by integrating loanliner.com while maintaining their focus on their core loan origination system. Teres Solutions, CUNA Mutual and our customers all win through this partnership,” said Murray.
For more information on Teres Solutions, visit TeresSolutions.com
About Teres Solutions, Inc.
Teres Solutions™, Inc., a wholly-owned subsidiary of CRIF, 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 Gold Certified Partner with accredited core competencies. Visit www.teressolutions.com for more information on Teres Solutions, its products and services.
About CUNA Mutual Group
CUNA Mutual Group is a leading provider of financial services to credit unions, their members and valued customers worldwide. With more than 70 years of commitment to credit unions, CUNA Mutual’s vision is unwavering: to be a trusted partner who delivers service excellence and customer-focused, best-in-class products and market-driven innovation. More information on the company is available on the company’s Web site at www.cunamutual.com.
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.