AUSTIN, Texas - Lending Solutions Inc.'s member support center is now integrated with the SAIL lending platforms from Teres Solutions, the companies said.
The integration allows LSI loan officers to provide 24/7 outsourced underwriting support to the 198 credit unions and other financial services providers that use Teres' SAIL solutions for direct and indirect lending.
The SAIL platform can provide automated decisions on a certain percentage of applications, but the balance of these loans must be underwritten manually. Now, a specialist at LSI can be notified of a pending application in the system and provide a decision on the application within minutes.
"It's a simple and elegant solution to the increasingly complex lending underwriting process," said Tim Kelly, CEO of Teres Solutions in Austin. LSI serves more than 300 credit unions and other lenders from its offices in Elgin, Ill.
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