FISC’s Loan Servicing Department Experiences Stunning Growth
Lewiston, ME, January 29, 2009 --(PR.com)-- FISC Solutions announces that their Loan Servicing Department has almost doubled loan volumes from the 2007-2008 to the 2008-2009 school year – from 487,912 in new loan disbursements to 948,366.
Over the past year the student loan industry faced many challenges due to changes in regulations and problems in the financial markets. As a result, many private lenders have exited the student loan business. Committed to serving their communities, FISC lenders have continued to offer FFELP loans to Maine students and parents despite the growing uncertainty and lack of profitability. This year was no exception with over 15 Maine lenders committed to offering student loans.
With more than 25 years of expertise in servicing student loans, students and parents return year after year to lenders serviced by FISC’s Loan Servicing Department. FISC’s FFELP servicing is all-inclusive, from application processing to loan pay-off. Through FISC’s solution, financial institutions are able to offer this important product to their customers without the need for in-house expertise in the complex program.
“Our Loan Servicing staff is trained to provide all customers with superior service,” said FISC’s Senior Vice President of Operations, Jill Parker. “The increase in new loan volume proves that students and parents trust FISC to meet their loan needs,” she added. “With the ongoing commitment and support of our Maine lenders, we are confident the student loan portfolios we service will continue to grow.”
About FISC
Headquartered in Lewiston, Maine with offices in Portsmouth, New Hampshire, FISC has provided services and solutions to financial institutions and corporations for more than 30 years. The company designs and implements full-service outsourcing solutions that make the operations of financial, insurance, government, not-for-profit, and other organizations more efficient and more affordable. FISC’s core services include item processing and electronic clearing, software solutions, loan servicing, lockbox and disaster recovery services. In addition, FISC offers comprehensive statement and invoice printing, delivery, design and management. For more information, visit www.fiscsolutions.com or call 1.888.433.4924. To learn more about FISC’s student loans visit www.maineadvantage.com.
###
Over the past year the student loan industry faced many challenges due to changes in regulations and problems in the financial markets. As a result, many private lenders have exited the student loan business. Committed to serving their communities, FISC lenders have continued to offer FFELP loans to Maine students and parents despite the growing uncertainty and lack of profitability. This year was no exception with over 15 Maine lenders committed to offering student loans.
With more than 25 years of expertise in servicing student loans, students and parents return year after year to lenders serviced by FISC’s Loan Servicing Department. FISC’s FFELP servicing is all-inclusive, from application processing to loan pay-off. Through FISC’s solution, financial institutions are able to offer this important product to their customers without the need for in-house expertise in the complex program.
“Our Loan Servicing staff is trained to provide all customers with superior service,” said FISC’s Senior Vice President of Operations, Jill Parker. “The increase in new loan volume proves that students and parents trust FISC to meet their loan needs,” she added. “With the ongoing commitment and support of our Maine lenders, we are confident the student loan portfolios we service will continue to grow.”
About FISC
Headquartered in Lewiston, Maine with offices in Portsmouth, New Hampshire, FISC has provided services and solutions to financial institutions and corporations for more than 30 years. The company designs and implements full-service outsourcing solutions that make the operations of financial, insurance, government, not-for-profit, and other organizations more efficient and more affordable. FISC’s core services include item processing and electronic clearing, software solutions, loan servicing, lockbox and disaster recovery services. In addition, FISC offers comprehensive statement and invoice printing, delivery, design and management. For more information, visit www.fiscsolutions.com or call 1.888.433.4924. To learn more about FISC’s student loans visit www.maineadvantage.com.
###
Contact
FISC Solutions
Jenny Caron
888-433-4924 ext 2111
www.fiscsolutions.com
Jenny Caron
888-433-4924 ext 2111
www.fiscsolutions.com
Contact
Categories