Teres Solutions SAILS Into Home EquityLending

Published July 15, 2005, 1:00 a.m. EDT

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Updated August 27, 2020, 2:27 a.m. EDT

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AUSTIN, Texas - (07/15/05) -- Teres Solutions Inc., the providerof online solutions for indirect auto lending, said it has expandedits SAIL Direct lending software to support home equity loanorigination and processing. Now credit unions can use SAIL toautomate the processing and approval of home equity loans andrelated regulatory compliance, such as Home Mortgage Act Disclosureand Federal Emergency Management Agency reports. IBM EmployeesTexas FCU has become on of the first credit unions to implement thenew system.

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