"In the end it boiled down to people, process, and technology," said John T. Weir, ELS's Chief Operating Officer. "We felt confident that the NES team would make all the difference in providing a high level of customer service."
Chicago, IL (PRWEB) May 31, 2013
National Education Servicing, LLC (“NES”) is pleased to announce the expansion of its loan servicing relationship with Education Loan Source, Inc. (“ELS”), a wholly-owned subsidiary of National Lending Associates, Inc.
NES began servicing loans for ELS in 2012, and earlier this month completed a conversion of virtually all ELS managed student loans from its previous servicer. NES and ELS look to advance this relationship by providing education financing for students at more schools and increasing volume with existing clients.
“We are excited to expand our relationship with ELS,” said Matt Scotty, President of NES. He added, “Since we began working with ELS and some of its client schools last year, all parties have grown comfortable with the relationship. The time was right to expand this relationship.”
ELS selected NES as its primary servicer for its Tuition Flex products after an extensive vetting process. "In the end it boiled down to people, process, and technology," said John T. Weir, ELS's Chief Operating Officer. "We felt confident that the NES team would make all the difference in providing a high level of customer service." Weir continued, "NES’s sole focus is education finance, which gave us the additional comfort we needed to expand our Tuition Flex business with them. Student loan origination and servicing have unique requirements and demand flexibility. Our need to ensure compliance with evolving regulations solidified our decision to select NES as the right servicing partner for us.”
About National Education Servicing, LLC
National Education Servicing is a diverse and dynamic company providing financial services to the higher education community. NES’s mission is to set the standard for superior service in higher education finance. As the landscape of higher education finance changes, NES remains innovative. We continue to foster new relationships and develop new products to help our partners succeed. More information can be found at http://www.nationaled.net.
About Education Loan Source, Inc.
Education Loan Source (ELS) provides customized loan, credit management and tuition receivables support to lenders and schools. ELS is your single source for managing payment plans, providing Reg Z compliant products to support your students' education financing needs, and assisting with solutions for portfolio servicing, sales and bad debt recovery. Our offerings include web-based programs designed to help your institution ensure compliance with all Federal Truth-in-Lending disclosure requirements. From loan portfolio administration to education financing support services, Education Loan Source has a solution that is right for you. By utilizing a consultative and interactive approach, we can help facilitate and manage a customized program tailored to your needs all while delivering superior service. Education Loan Source is a National Lending Associates, Inc. (NLA) company. More information can be found at http://www.edloansource.com.
For more information, contact:
Matt Scotty, President, National Education Servicing, at 312.205.5173
John Weir, Chief Operations Officer, Education Loan Source, at 858.720.6810