Collegiate Funding Services announced the launch of a new in-school student loan origination platform through its wholly owned subsidiary, CFS- SunTech Servicing. CFS can now offer its college partners a seamless, paperless transaction for originating and disbursing in-school loans made under the FFELP program.
"By maintaining our own origination platform, we gain greater control over the service we offer our student, parent, college and third-party customers," said John Elam, executive vice president of Collegiate Funding Services and president of CFS-SunTech. "Using the new platform, we can rapidly originate and disburse a loan and disburse funds in accordance with each partner's specific requirements."
