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Stanford Federal Credit Union Selects Teres Solutions SAIL Software to Automate Lending Programs; Internet Pioneer to Use the SAIL(TM) Software to Improve Direct and Indirect Lending Processes and Expedite Loan Approvals for Members and Dealers.

Publication: Business Wire
Publication Date: 11-JAN-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
AUSTIN, Texas -- Teres Solutions, Inc., a leading provider of direct and indirect lending software to financial institutions, today announced that Stanford Federal Credit Union (SFCU) has selected the SAIL (Software Application for Integrated Lending) solution to manage and automate its lending programs. SFCU will be using SAIL software to manage and automate decisions for both its indirect and direct loan applications.

SFCU's consumer volume has tripled in the past twelve months, largely from an increase in indirect loan applications. VP of Operations, Keith Troup, decided that SFCU needed a lending system that could accept all its loan applications electronically and help automate approval processes. Because SAIL Indirect interfaces with the DealerTrack network, SFCU...

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