AUSTIN, Texas — More than 175 credit unions and other financialinstitutions are now using the direct and indirect lendingautomation solutions from Teres Solutions Inc., the companysaid.
|The six-year-old company said four new credit unions who havesigned on to use the SAIL platform are $1 billion ORNL FCU in OakRidge, Tenn., $421 million Insight Financial CU in Orlando, Fla.,$177 million Gulf CU in Groves, Texas, and $140 million Heritage CUin Madison, Wis.
|The company said it also now is managing approximately $58billion in annual direct and indirect loan volume on the SAILsoftware.
|The SAIL software supports multiple loan types — from homeequity to motorcycle loans — and integrates with major credit unioncore systems such as Summit, Symitar, UltraData, USERS, IntegraSys,XP Systems and Open Solutions.
|It also offers electronic integration with RouteOne, DealerTrackand CUDL finance platforms for automobile dealerships;
|“By listening closely to our customers' changing needs, our SAILfamily of products has continued to stay one step ahead of lendingmarket demands,” said Tim Kelly, CEO of Teres Solutions(www.teressolutions.com) in Austin.
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