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Slide #95. The First Marblehead Corporation — Operating Assets of Cology, Inc.
The First Marblehead Corporation (FMD)
Operating Assets of Cology, Inc.
The First Marblehead Corporation announced that it has signed a definitive agreement to acquire certain assets and liabilities of Cology, Inc., and its affiliates for cash. Cology is a provider of processing, disbursement and life-of-loan servicing to over 250 credit unions and lending institutions nationally. In the twelve months ended June 30, 2012, Cology processed over 65,000 applications and disbursed more than $451 million in private student loans, generating three year compound annual growth rates of 114% and 106% on those metrics, respectively.
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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