AUSTIN, Texas -- Teres Solutions Inc. customers generated nearly $44 billion in automated loan volume on its platforms in 2007, the lending software specialist's fifth year in business.
The company also said that it added 27 new credit union and other financial institution clients during the year, growing its client list to nearly 150.
Founded in 2002 as a provider of indirect lending solutions, the firm now provides direct and indirect lending software for multiple loan types, ranging from vehicles to CD-secured, home equity lines of credit, and balloon loans.
Teres Solutions' SAIL software now integrates with dealer finance platforms RouteOne, DealerTrack and CUDL and with major credit union core systems from Symitar, UltraData, USERS, Open Solutions, IntegraSys, XP Systems, and Summit Information Systems.
The company also doubled its workforce in the past year and moved its headquarters into a new 15,000-square-foot office.
--mrapport@sc.rr.com
