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Teres Solutions, Inc., a provider of direct and indirect lending software to financial institutions, announced that Stanford Federal Credit Union (SFCU) has selected the SAIL (Software Application for Integrated Lending) solution to automate its lending programs. SFCU will be using SAIL software to automate decisions for both its indirect and direct loan applications.

Because SAIL Indirect interfaces with the DealerTrack network, SFCU will now be able to electronically receive and process the applicationsSAIL software is also helping to automate SFCU's direct loan processes. More than 85% of SFCU direct borrowers apply for loans online. SAIL software's automated loan application approval processes ensures that SFCU borrowers get near instant answers.

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