TCI Releases Interface With DealerTrack

DecisionLender Customers Can Now Originate Loans From Over 22,000 Automobile Dealers Nationwide

HAUPPAUGE, N.Y., Aug. 29 -- Teledata Communications, Inc. (TCI), a leading provider of Internet-based loan origination software that automates the underwriting workflow process for consumer and small business lenders, announced that it has released a version of DecisionLender, its Web-based loan origination system, that can interface to DealerTrack, an independent Web-based automotive finance platform. As a result, DecisionLender customers -- including banks, credit unions and finance companies -- can elect to join the DealerTrack system to receive loan requests submitted directly from nearly 22,000 automobile dealers nationwide.

"We are very pleased that DecisionLender customers now have the capability to originate automotive loans through DealerTrack," said William S. Nass, president of TCI. "DecisionLender has been highly-regarded by customers for its intuitive, reliable, secure and cost-effective ability to process loan applications. By linking DecisionLender to DealerTrack, our customers have the ability to generate more loans, build revenue, and ultimately compete more effectively in indirect lending."

DecisionLender is considered one of the industry's most comprehensive automated loan origination solutions. Upon receiving a loan application from DealerTrack, the file is automatically prepared for credit analyst review by retrieving credit and auto valuation data, calculating loan ratios, and evaluating risk against the lending institution's specific criteria. Lenders can choose the option of having DecisionLender automatically decision loan requests according to the specific parameters of each financial institution. DecisionLender can also seamlessly integrate with a lending institution's core processing system, and has the capability of generating loan documents and letters of declination.

As a Web-based solution, DecisionLender is extremely flexible and cost-effective. It requires just a basic set-up charge, and is available to customers on a pay-per-use basis, enabling lenders to manage their resources more effectively.

About Teledata Communications, Inc.

Teledata Communications, Inc. (TCI) is a leading provider of interactive credit accessing and decisioning solutions. TCI's products and services facilitate the retrieval of data from commercial and consumer credit repositories as well as automate and accelerate the credit approval process and workflow. Founded in 1982 and based in Hauppauge, New York, TCI has sold some 30,000 licenses for its products nationally. More information is available at http://www.tcicredit.com/.

   For further information contact:
   Glenn Goldberg
   516.705.6116/ ggoldberg@parallelpr.com