SAN FRANCISCO, April 9, 2018 /PRNewswire/ -- Nelnet (NYSE:
NNI), a company with more than 40 years of loan servicing
experience, is bringing a new servicing option to Fintech lending
platforms. Nelnet Loan Servicing will leverage the experience,
scale, and personnel of its existing servicing business with
technology enhancements to meet the unique needs of Fintech
companies with primary and backup servicing.
Consumer and business loan markets are advancing rapidly due to
innovation brought on by Fintech. To support the industry's rapid
growth, these lenders require a servicing partner that is highly
flexible to maintain a consistent customer experience at scale and
that brings the financial strength and stability required by
investors. Nelnet Loan Servicing is well positioned to meet both of
these needs.
Nelnet currently provides servicing for over $455 billion in loans for 16.2 million borrowers.
As a highly-capitalized, investment-grade company, it can help
manage investment risk for companies using balance sheet,
warehousing, and securitization to spur additional growth.
"Nelnet provides a tested and scalable servicing partner for
loan originators that are looking to grow," said Jeff Noordhoek, chief executive officer of
Nelnet. "We have developed an expertise in serving complex, highly
regulated assets. We believe we can leverage this expertise to
serve new asset classes."
The systems that support loan servicing are being migrated to a
cloud-based microservices framework, where integration is key and
customer experience comes first. A white-label servicing experience
will put originating lenders' branding at the center of the
servicing experience. The core services of the solution are a
foundational set of RESTful APIs that accept payments, manage
customer information, configure loan programs, deliver lender
services, reconcile transactions, handle communications, and
support innovative user experiences with artificial intelligence
enhancements.
Nelnet is a publically traded finance and technology company
based in Lincoln, Neb. The
company's largest business unit handles loan servicing, with just
over 4,300 employees in its domestic operational centers. The
business processed over 41 million payments in 2017.
Noordhoek mentioned Nelnet Loan Servicing is already attracting
a great deal of interest from origination and investors alike and
the company will be announcing new partnerships soon.
To learn more about this new initiative, visit
NelnetFintech.com.
About Nelnet
Nelnet (NYSE: NNI) is a diversified and innovative company
focused on offering educational services, technology solutions,
telecommunications, and asset management. Nelnet helps students and
families plan and pay for their education and makes the
administrative processes for schools more efficient with student
loan servicing, tuition payment processing, and school
administration software. Through its subsidiary, ALLO
Communications, Nelnet offers fiber optic services directly to
homes and businesses for ultra-fast internet and superior telephone
and television services. The company also makes investments in real
estate developments and new ventures. For more information, visit
Nelnet.com.
About LendIt Fintech
LendIt Fintech is a recognized
global internet finance industry leader, founded in New York in 2013. Its aim is to gather
industry elites to discuss and explore latest trends in the
development of international financial technology. LendIt Fintech
has become the largest event in financial services innovation as it
hosts three annual conferences, LendIt Fintech USA, LendIt Fintech Europe, and Lang Di
Fintech, and dozens of complementary online and in-person industry
events. LendIt also owns and operates one of the world's leading
industry educational channels, Lend Academy. For more information,
tickets and sponsorship opportunities, please visit Lendit.com.
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SOURCE Nelnet