AUSTIN, Texas — More than 175 credit unions and other financial institutions are now using the direct and indirect lending automation solutions from Teres Solutions Inc., the company said.

The six-year-old company said four new credit unions who have signed on to use the SAIL platform are $1 billion ORNL FCU in Oak Ridge, Tenn., $421 million Insight Financial CU in Orlando, Fla., $177 million Gulf CU in Groves, Texas, and $140 million Heritage CU in Madison, Wis.

The company said it also now is managing approximately $58 billion in annual direct and indirect loan volume on the SAIL software.

The SAIL software supports multiple loan types — from home equity to motorcycle loans — and integrates with major credit union core systems such as Summit, Symitar, UltraData, USERS, IntegraSys, XP Systems and Open Solutions.

It also offers electronic integration with RouteOne, DealerTrack and CUDL finance platforms for automobile dealerships;

“By listening closely to our customers' changing needs, our SAIL family of products has continued to stay one step ahead of lending market demands,” said Tim Kelly, CEO of Teres Solutions (www.teressolutions.com) in Austin.

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