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DealerTrack and Teres Solutions Join Forces to Improve the Indirect Lending Process for Credit Unions and Auto Dealerships.


Business Editors/Automotive Writers/High-Tech Writers

AUSTIN Austin.

1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum
, Texas & MELVILLE, N.Y.--(BUSINESS WIRE)--March 8, 2004

New Solution Offers Credit Unions Access to Nationwide

DealerTrack(tm) Platform

Teres teres /te·res/ (te´rez) [L.] long and round.

te·res
adj.
Being round and long. Used of certain muscles and ligaments.



teres

[L.] long and round.
 Solutions Inc. ("TSI TSI Total Solar Irradiance (sum solar light in energy per unit of time)
TSI Trading Standards Institute (UK)
TSI Transportation Safety Institute (US DOT) 
") and DealerTrack Inc. today announced they have partnered to improve the automobile automobile, self-propelled vehicle used for travel on land. The term is commonly applied to a four-wheeled vehicle designed to carry two to six passengers and a limited amount of cargo, as contrasted with a truck, which is designed primarily for the transportation of  loan application submittal, review and funding process for financial institutions, automobile dealerships and consumers. The two companies have integrated DealerTrack's web-based automotive finance platform for automobile dealerships with TSI's Software Application for Integrated Lending (SAIL), which is specifically designed for credit unions' indirect lending programs.

This integration allows financing sources using TSI's SAIL software to receive credit application data electronically from the DealerTrack platform and respond with an instant decision, making the automobile loan and lease application process faster, more efficient and more accurate. Leveraging both TSI's SAIL and the DealerTrack platform, credit unions can expand their indirect lending business to reach a broader audience, which may also benefit consumers through the availability of more automobile financing options.

DealerTrack is a web-based platform that automates and accelerates the entire automotive financing process by electronically linking dealerships with financing sources. The TSI SAIL family of software products provides streamlined indirect loan application processing as well as other web-based business enhancement tools for credit unions.

"Credit unions offer viable financing options for many American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of  automotive buyers, and serve as important regional financing partners for automotive dealers," said Richard Ri·chard   , Joseph Henri Maurice Known as "Rocket." 1921-2000.

Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a
 McLeer, vice president lender and business development, DealerTrack Inc. "We already have several credit unions participating on the DealerTrack platform, and welcome the opportunity to work with Teres Solutions to open access for others to connect with us."

When credit application data is entered into the DealerTrack platform, which is used by approximately ap·prox·i·mate  
adj.
1. Almost exact or correct: the approximate time of the accident.

2.
 22,000 dealerships in the U.S., the information can be electronically transmitted directly into a credit union's SAIL system. The credit union can then provide the dealer an immediate decision using SAIL's Autopilot feature, which is a customizable, automatic credit approval engine.

"Since our company's inception, an important part of our business strategy has been to team with DealerTrack," said Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England.  Callen Callen can be a surname, a given name and a placename.

As a surname it can refer to:
  • Bryan Callen
  • Herbert Callen
  • Ian Callen
  • Michael Callen
  • Sylvia Callen
As a given name it can refer to:
  • Callen Tjader: see Cal Tjader
, president of Teres Solutions Inc. "With this agreement in place, we are now able to provide our credit union customers with access to the DealerTrack platform which otherwise might not be available to them. The speed, consistency, and accuracy of the DealerTrack web-based automotive finance platform, combined with the benefits offered by our SAIL system, will greatly improve the loan processing experience for consumers and prove a competitive advantage for dealers as well as credit unions."

About DealerTrack Inc.

With more than 22,000 dealers and over 60 financing sources currently connected, DealerTrack is North America's premier independent web-based platform that automates and accelerates the entire automotive financing process. The DealerTrack suite of products includes credit application processing, credit report access, electronic contracting, desking tools and comprehensive activity reporting features -- all in one easy-to-use, integrated solution. Additionally, the DealerTrack platform features integration with top dealer management systems for credit application processing, credit report access and electronic contracting. More information on DealerTrack is available at www.dealertrack.com or by calling 877-357-8725.

About Teres Solutions Inc.

Teres Solutions Inc. was founded in 2002 for the express purpose of developing direct and indirect lending software products that define the state-of-the-art for the financial institution market. Its Software Application for Integrated Lending (SAIL) direct and indirect lending products allow financial institutions to streamline streamline, path of a fluid flowing steadily and without appreciable turbulence. A body is said to be streamlined if its shape offers the least possible resistance to a current of air, water, or other fluid.  lending decisions, increase revenue through enhanced loan application processing efficiency, improve dealer and member relations, and augment aug·ment  
v. aug·ment·ed, aug·ment·ing, aug·ments

v.tr.
1. To make (something already developed or well under way) greater, as in size, extent, or quantity:
 loan tracking and reporting capabilities. Visit www.teressolutions.com for more information on TSI, its products and services.
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Publication:Business Wire
Date:Mar 8, 2004
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