MIAMI -- Teres Solutions Inc. has integrated its SAIL Indirect software with RouteOne LLC, the joint venture formed in 2002 by DaimlerChrysler Services, Ford Motor Credit Co., General Motors Acceptance Corp. and Toyota Financial Services.
The agreement and new technology integration will allow credit unions and financial institutions using SAIL software to electronically tap into the RouteOne network to receive and manage auto loan applications, while expanding indirect lending opportunities. The new technology integration also gives lenders the ability to instantly respond to loan and lease applications, making the application process faster, more efficient and easier for credit unions, financial institutions, auto dealerships and applicants.
"The combination of the RouteOne and SAIL software solutions will provide dealers and financial institutions with a powerful tool in their quest to secure auto loans and leases," said Brad Rogers, RouteOne vice president of sales and marketing.
Working together with RouteOne, the SAIL software products aim to significantly reduce the time it takes for credit unions to review loan applications, request and review credit reports, enter data into core systems, make lending decisions and quickly respond to RouteOne dealers.
"We are dedicated to working with leading solution providers like RouteOne to make lending management processes more efficient," said Dan Chaney, vice president of business development for Teres Solutions. "By integrating our solutions, we're providing our customers with a powerful way to take their lending programs to new heights."
