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LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
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News Now

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LoanLiner.com integrated on SAIL platform
MADISON, Wis. and AUSTIN, Texas (1/27/10)--CUNA Mutual Group and Teres Solutions announced that they integrated CUNA Mutual’s online loan application system, loanliner.com, with Teres Solutions’ SAIL lending automation platform. The combined offering will allow loanliner.com credit unions to provide their members with instant decisions on loan applications submitted via the Web. Also, the credit unions can streamline their lending processes, from application submission to loan approval and funding. The integrated loanliner.com and SAIL platforms also will help then credit unions’ customers streamline other lending processes. This includes providing instant origination of loan applications in SAIL, which eliminates the need for manual re-keying. Credit unions also can manage applications submitted through loanliner.com using the SAIL workflow and intuitive interface, reducing the need for additional training and consulting, the companies said. CUNA Mutual Group recently released an upgrade to the loanliner.com system with significant enhancements. More than 12 million members have access to loanliner.com through 550 credit unions nationwide. In 2008, more than 550,000 applications were submitted using loanliner.com, representing more than $7.6 billion in requested credit and an estimated $4 billion in booked loans. More than 215 credit unions use Teres Solutions SAIL platform for their direct and indirect lending automation needs.


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