The Student Loan Finance Corp. and Sovereign Bancorp of Wyomissing, Pa., have purchased loan software from Credit Management Solutions Inc.

Student Loan Finance, with $1.3 billion of assets, selected CreditRevue for Student Lending for "its built-in flexibility, which will allow us to offer virtually any product our customers need," said Steve Kohles, the company's vice president of planning and administration.

Sovereign will use CreditRevue to support indirect automobile lending and a plan to "grow our $2 billion automobile lending portfolio by 20% or more a year through aggressive expansion of our dealer network," said Joe Campanelli, president of Sovereign Bancorp's Automotive Group.

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