The First Marblehead Corporation

What We Do

We offer our clients a fully integrated suite of tailored design, implementation, and securitization services in connection with their private student loan programs.

First Marblehead offers compelling value to its constituencies:
To Clients (lenders, consumer finance companies, marketers, and affinity groups) we offer meaningful fee-based income, custom-branded products and marketing intelligence, the opportunity to transfer risk, and scaled operations to support the student's customer experience. We have an end-to-end solution set that is difficult to replicate. First Marblehead and the private student loan model: see chart.

To students and co-signers, these products offer tiered products based on risk, convenience and choice, and excellent processing. For example, we offer efficient web based applications and processing, our clients offer borrower benefits such as deferred payments and ability to pay electronically, and competitive interest rates.


First Marblehead and the private student loan model

Program Design & Marketing Borrower Inquiry & Application Loan Application & Disbursement Loan Securitization Loan Servicing
  • Market research and analysis
  • Program design
    • Credit standards
    • Loan terms
    • Regulatory and legal compliance
  • Training, marketing support and advisory
  • Dissemination of loan materials and applications
  • Application screening
  • Customer call center management
  • Application processing and credit underwriting
  • Loan documents
  • Disbursement of funds to school or borrower
  • Regulatory and legal compliance
  • Organization of critical resources (investment banks, financial guarantors, rating agencies and other participants)
  • Structuring of securitization / asset selection
  • Negotiation with transaction parties and coordination with rating agencies
  • Execution and reconciliation
  • Customer call center management
  • Billing and account management
  • Deliquency and collections management
  • Securitization trust administration
    • Calculation and distribution of funds