DALLAS – CRIF, the parent of Teres Solutions, said yesterday it has acquired FLS Services, a provider of indirect lending software to credit unions and banks.
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The deal will support the continued expansion of Italy-based CRIF into the U.S. financial services market. Last year CRIF acquired Austin, Texas-based Teres Solutions.
FLS currently uses the Teres Solutions SAIL loan origination system to underwrite and process loans. CRIF, FLS, and Teres Solutions will work closely together to offer world class services, to expand their offerings and develop new products.
