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Slide #92. The First Marblehead Corporation — Operating Assets of Private Student Loan Originator Cology, Inc.
The First Marblehead Corporation (FMD)
Operating Assets of Private Student Loan Originator Cology, Inc.
The First Marblehead Corporation announced that it has completed the acquisition of certain assets and liabilities of Cology, Inc. and its affiliates for approximately $4.7 million in cash. Cology is a provider of processing, disbursement and life-of-loan servicing to over 250 credit unions and lending institutions nationally.
First Marblehead is a specialty finance company focused on education financing in the U.S. Co. provides its services through: Monogram® loan product service platform, which includes program design, marketing support, loan origination, portfolio management, and loan securitization; its subsidiary, Tuition Management Systems LLC, which provides outsourced tuition planning, tuition billing, refund management and payment technology services for universities, colleges and secondary schools; and Cology LLC, Co.'s subsidiary which supplies outsourced loan origination and technology solutions to education loan providers.
Open the FMD Page at The Online Investor »
Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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