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Teres Solutions Names Tim Kelly CEO

AUSTIN, Texas--Teres Solutions™, Inc., a leading provider of direct and indirect lending software to credit unions and financial institutions, today announced it has appointed current company senior vice president, Tim Kelly, to the position of CEO. In his new role, Mr. Kelly will spearhead strategic corporate growth initiatives, including continuing to establish partnerships with top technology and consulting leaders in the credit union and financial industries.

“Over the past five years Teres Solutions has achieved tremendous growth - solidifying its position as one of the top three providers of lending automation software in the industry,” said Bruce Callen, co-founder and president of Teres Solutions, Inc. “In just a short period of time working with our company, Tim has played a key role in making this happen. We are honored to have someone with his talents and skills as our first CEO and we look forward to his leadership during our next stage of growth.”

In November 2006, Mr. Kelly joined Teres Solutions as its senior vice president of sales and operations, since then he has helped achieve unprecedented growth for the company, while expanding the delivery of products to the market. He has more than 20 years experience pioneering the adoption of technology by financial services organizations. Previously Mr. Kelly served as vice president of business development for Harland Financial Solutions’ UltraData-Enterprise system, one of the leading core systems in the credit union industry.

“I’m honored to be selected by the Teres Solutions founders and board members as the company’s first CEO,” said Tim Kelly. “Teres Solutions is known for having the industry’s top lending automation solutions and this is a testament to the quality of its products and the talented team members it has attracted over the years. I look forward to working with them as we continue our drive to be the number one provider of lending automation software to credit unions and financial institutions.”

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:

  • Supports multiple loan types, including home equity, HELOC’s, share and CD secured, credit card, personal, balloon loans, car, boat and motorcycle, and more.
  • Electronic integration with RouteOne, DealerTrack and CUDL 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, UltraData, Users, OSI, IntegraSys and XP;
  • Infinite options for structuring loan decisioning and auto approval;
  • Sophisticated real time reporting;
  • Browser-based technology for rapid deployment and maintainability;
  • Roles-based security features;
  • Automatic dealer response generation;
  • Integration with NADA Guides and Kelley Blue Book;
  • Integration with top three credit bureau 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.