Teres Solutions Kicks Off 2007 with Over 100 Customers

AUSTIN, Texas--Teres Solutions™, Inc., a leading provider of direct and indirect lending software to credit unions and financial institutions, today announced that more than 100 organizations are now using the SAILŽ lending software to manage their lending portfolios, solidifying the company’s standing as one of the top three providers of direct and indirect lending software in the credit union industry. Together, Teres Solutions customers processed in excess of $35 billion in loan volume in 2006.

Recently signed customers include Dade County Federal Credit Union, Del Norte Credit Union, Mission Federal Credit Union, Mobiloil Federal Credit Union, Neighborhood Credit Union, Ventura County Credit Union, Veridian Credit Union, NASA Federal Credit Union, Credit Union ONE, SEFCU, Silver Oak Leasing, Inc., Global Credit Union, EDS Credit Union, Diamond Credit Union and Union Bank & Trust Company.

“One of the best things about SAIL software is its ability to help me quickly and easily adapt our business to ensure success in the face of shifting lending market trends,” said Lori Levengood, Vice President of Lending for Diamond Credit Union. “This allows our credit union to continue its membership growth by securing loans even though the market is constantly evolving.”

In addition to announcing its latest customers, Teres Solutions launched several important new product enhancements in 2006, including SAIL software’s integration with Lenders Protection™ from CUNA Mutual Group. The integration makes it possible for credit unions to automate the approval of near-prime loan applications based on underwriting from Lenders Protection. Teres Solutions will continue to unveil new offerings in 2007 – some of which will be shown at its 4^th annual user conference to be held on April 24-27, 2007 at the Driskill Hotel in Austin, Texas.

“Our number one priority is to ensure that our software applications meet the needs of customers today and in the future,” said Bruce Callen, president of Teres Solutions, Inc. “By designing the architecture to quickly and easily work with old and new software systems alike, we’re able to get our customers the capabilities they need before market conditions demand them.”

Teres Solutions SAIL software family 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;
Direct electronic integration with Lenders Protection™ from CUNA Mutual Group
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;
Intuitive user dashboard;
Roles-based security features;
Automated credit checking;
Application history lookup;
Federal regulation compliance;
Automatic dealer response generation;
Integration with NADA Guides and Kelley Blue Book;
Integration with top three credit providers;
Integration with Auto Financial Group for balloon loans.

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 loan tracking and reporting capabilities. Teres Solutions has been recognized as a Microsoft certified partner with accredited core competencies. Visit www.teressolutions.com for more information on Teres Solutions, its products and services.

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.