NEWPORT NEWS, Va. – Bayport CU said it has standardized on Teres Solutions’ SAIL software platform to automate and streamline its indirect and direct lending programs.
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The company said its software will help Bayport automate loan application and approval processes for everything from auto loans to home equity lines of credit. This will speed the time it takes for members and dealer partners to receive loan application responses and to fund loans.
The Teres Solutions SAIL platform will help support the credit union’s indirect lending program, while linking related loan processes and exchanging data in real-time with the credit union’s Symitar core system.
