Student Lending

Solutions for Student Lenders

As one of the first organizations to offer a system that handles both federal and private student loans, CMSI has been in the forefront of innovations in student lending automation. To meet the unique needs of student lenders, we created a specialized version of our proven CreditRevue system. The result is a powerful credit-decisioning tool that can help you reduce private lending risk and improve customer service to your schools, lenders and borrowers.

As the gap between rising education costs and the available government sponsored education funds continues to widen, it becomes more and more imperative that student lenders provide alternative methods of financing education. The solution: private student loans. CreditRevue allows you to offer your schools and borrowers innovative options for education financing and at the same time, control your level of risk and maximize your productivity and profitability. Combining automated credit bureau access, credit scoring and analysis, decision rules, and policy testing, with state-of-the-art features like risk-based pricing and flexible workflow management, CreditRevue helps you maintain your credit quality, while streamlining your entire credit processing operation. And CreditRevue's unmatched flexibility lets you tailor your processing workflows to meet your institution's specific needs.

Today, more than ever, the name of the game in student lending is customer service. Competition is fierce. The most important way you can differentiate your institution from the rest of the pack is by earning a reputation for delivering the unparalleled customer service your schools demand. From easily configured maintenance tables to built-in interfaces and sophisticated management reporting, CreditRevue gives you the tools you need to establish your organization as a premier provider in the student lending market.

CreditRevue delivers the flexibility to offer your schools an unlimited number of distinctive lending programs that respond to the special characteristics that make each school’s programs unique. And, because student lenders are often asked to modify programs--or even develop new ones--at a moment's notice, CreditRevue's maintenance tables are designed to be user-friendly and easily modified. The information in these tables may be used to create virtually any number of product offerings you may need.

The key to productivity in any credit decisioning operation is the elimination of manual processing wherever possible. CreditRevue for Student Lending incorporates the key interfaces needed most for federal and private student lending. Interfaces to credit bureaus, CommonLine, Guarantor Manifest, and multiple servicing systems can help you decrease your student loan decision turnaround time--in most instances--from weeks to just a matter of days, or less. Not only do these interfaces save you valuable processing time and improve productivity, they also reduce the risk of processing problems due to human error.

CreditRevue delivers additional productivity gains by facilitating the receipt of applications, and the return of decisions, on private student loans over the Internet. This eliminates the need to input application data and can further reduce overall application turnaround time. CreditRevue also provides update capabilities (ie. add/delete or update disbursement information) in a real time environment, and allows you to certify all applications online.

CreditRevue's sophisticated disbursement processing routines can deliver another competitive advantage by ensuring that your schools have access to their funds on the date they have requested them. With CreditRevue you can set funding parameters related to specific combinations of lender, school, program, course of study and guarantor to eliminate disbursement time lags. Disbursement methods supported by CreditRevue include individual check, Electronic Funds Transfer (EFT), Mastercheck, and Central Disbursement Agent (CDA).

The ability to handle both federal and private student lending. Unmatched flexibility and ease of use. Key interfaces already built in. Online disbursement processing. Applications over the Internet. These are some of the reasons top student lenders have selected CreditRevue for Student Lending. For more information on the features and functionality of CreditRevue for Student Lending, click here.