Indirect Loan Company To SAIL With AutoFinancers.

November 08, 2005, 1:00 a.m. EST 1 Min Read

AUSTIN, Texas - (11/08/05) -- Teres Solutions announced Monday ithas agreed to integrate its credit union-centric SAIL Indirectsoftware with RouteOne, a joint venture connecting with automanufacturers DaimlerChrysler, Ford, General Motors and Toyota.Route One provides a process by which auto dealers are able toprocess loan applications to their captive auto finance companies,as well as non-captive credit unions and banks, from a singledesktop. The partnership will help credit unions reduce the time ittakes to review loan applications, request and review creditreports, enter data into core systems, make lending decisions, andrespond to dealers. Separately, Teres Solutions aid that MacDillFCU has selected SAIL to manage and automate its $425 millionindirect lending program.

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