Loan Origination
Designing a program to satisfy borrowers, mitigate risk, and comply with the law doesn't mean much if you can't deliver it. We can.
And by deliver, we mean the ability to handle millions of borrower inquiries, accept hundreds of thousands of loan applications, decision all of them, and disburse billions of dollars to thousands of schools and borrowers. To date, First Marblehead has processed over 6 million applications and originated over $16.1 billion in private student loan volume.
And these days, with state and federal regulations changing constantly, it takes a concerted effort to maintain rigorous compliance standards. For many banks and schools, it's not easy to find the resources to ensure all their private loan programs are originated in full compliance with all current and applicable laws. We're here to help!
We help assure every loan program is in compliance with the dozens of relevant consumer-lending and consumer-protection laws ranging from the Higher Education Opportunity Act Title X to the Truth in Lending Act to the Servicemembers Civil Relief Act. And because private student loan programs are all we do, anticipating changes and adjusting to meet new rules and regulations has become second nature.