FLS Services Selects Teres Solutions Software to Manage Lending for 30 Credit Union Customers; Deal Provides FLS Customers with SAIL(R) Advanced Hosted Solution for Lending.AUSTIN, Texas -- 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., a leading provider of direct and indirect lending software to credit unions and financial institutions, today announced that FLS FLS Falls FLS Forward Looking SONAR FLS Front Line States FLS First Level Support (helpdesk) FLS Fire Life Safety FLS Fatty Liver Syndrome (hepatic lipidosis) FLS Foreign Language School Services, Inc. (FLS) has purchased Teres Solutions(TM) SAIL(R) software to manage and automate To turn a set of manual steps into an operation that goes by itself. See automation. lending programs for more than 30 current FLS credit union customers around the country. As part of the agreement, FLS will also standardize stan·dard·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. its hosted lending automation software offerings on the SAIL software platform. Existing and new FLS credit union customers will benefit from the efficiency and cost-cutting benefits offered by SAIL software solutions, while accessing licensing discounts FLS has negotiated as part of the agreement. Since 1994, FLS Services has provided indirect lending services that help credit unions establish successful indirect lending programs and enhance current lending efforts. The company provides a web-based loan application interface for auto dealers combined with automated underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. capabilities that together help credit union customers generate over $50 million in monthly loan volume. The agreement between Teres Solutions and FLS means that nearly 80 credit unions and financial organizations around the country are now using SAIL software to manage their lending program, making Teres Solutions one of the top providers of lending automation software to the credit union industry. The SAIL software products significantly reduce the time it takes to review indirect and direct loan applications, request and review credit reports, enter data into core systems, make lending decisions and quickly respond to dealers and members. FLS will offer credit unions a variety of flexible service options for the SAIL software solutions. This includes an ASP or "hosted" version of SAIL software that FLS will operate on its servers, enabling credit union customers to review and approve loans using a web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. . Credit unions will be able to benefit from an automated lending system without having to hire an IT department to run it -- meaning more credit unions than ever before can experience the growth potential the lending market offers. "The robust set of lending automation and reporting features of the SAIL software platform coupled with its unique ASP design, made our decision to standardize on the solution an easy one," said Denise Austin Denise Austin (born February 13, 1957) is an American fitness and exercise expert, author, columnist and instructor. She is also a member of the President's Council on Physical Fitness and Sports.[1] Early life Austin was born Denise Katnich in San Pedro, CA. , executive vice president of Indirect Lending for FLS Services, Inc. "After extensive evaluation and testing of the SAIL software, we feel it is an excellent solution for our customers." "We are honored to have one of the top providers of outsourced lending services to credit unions select the SAIL software platform as the loan automation solution of choice for its customers," said Bruce Callen, president of Teres Solutions, Inc. "It means even more credit unions will have access to the powerful and advanced capabilities available in the SAIL platform, helping to ensure the success of their lending programs in 2006 and beyond." Teres Solutions SAIL software is used by some of the nation's most successful credit unions and financial institutions to automate their indirect and direct lending processes. With SAIL software, not only are lending processes more efficient, but existing staff can be more productive by focusing on improving yields through new member acquisition or sales of add-on services. Key features of the SAIL family of products include: --Electronic integration with both the RouteOne and DealerTrack finance platforms for automobile dealerships --Seamless integration with major credit union core systems, including Summit, Symitar and ULTRADATA, Users, and XP --Automated lending decisions through the SAIL Autopilot module --Sophisticated real time reporting --Browser-based technology for rapid deployment and maintainability; while hosted from within the credit union's infrastructure for greater security and control --Intuitive user dashboard (1) See Mac Dashboard. (2) A software-based control panel for one or more applications, network devices or industrial machines. Dashboards display simulated gauges and dials that look somewhat like an automobile dashboard. --Roles-based security features --Automated credit checking --Application history lookup A data search performed within a predefined table of values (array, matrix, etc.) or within a data file. --Federal regulation compliance --Automatic dealer response generation --Direct forms integration with almost any form, including Loanliner forms as well as custom forms --Integration with NADA Guides and Kelly Blue Book --Integration with top three credit providers --Integration with Auto Financial Group for balloon loans --Integration with Loanliner.com for member & non-member direct loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. For more information about Teres Solutions and its SAIL software products, visit www.teressolutions.com. 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 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. Teres Solutions has been recognized as a Microsoft certified See certification. partner with accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
SAIL is a registered trademark and Teres Solutions is a trademark of Teres Solutions, Inc. All other company and product names mentioned are used only for identification and may be trademarks or registered trademarks of their respective companies. |
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