The CampusDoor solutions team collaborates with the Client team to deal with the complexities of:
- Offering private education finance solutions for financial and post-secondary educational institutions
- Designing innovative loan products and services for undergraduate, graduate and vocational school students
- Providing comprehensive resources for high school students to help them plan and pay for college
- Working closely with each school’s financial aid office to provide personalized services, process efficiency and exceptional customer service
- Developing custom branded student loan programs to meet each lender’s education finance product needs
The CU Student HELP balance sheet program provides your credit union with a customizable student lending option, including online credit decisioning, loan origination, compliant documentation and loan servicing. Your credit union will fund and retain the loan which will be serviced via a partner of your choice in accordance with your program’s established guidelines for the life of the loan.
Highlights of the Balance Sheet Program:
You Take Control
- You fund and retain the loans
- You set the loan terms, pricing and underwriting criteria
- You promote the product to your members
We Provide the Expertise
- Collaboration with you to set product specifications
- Marketing support for your loan program
- Branded online loan application with your logo and colors
- Online credit decisioning in less than 60 seconds
- Compliant origination and documentation process
- Customer service and proactive application follow-up
- Life of loan servicing
The CU Student HELP referral program provides your credit union with a turn-key student lending option, without risk to your balance sheet. It’s simple - a referral link is placed on your website which directs your members to an application page customized with the logo and colors of your credit union. In return, for every disbursed loan, your credit union will receive referral income.
Highlights of the Referral Program:
Benefits for Your Credit Union
- Referral fee of 1% of the principal amount funded for each student loan
- Expand your product line
- Meet your current members’ needs and expectations
- Take advantage of the future growth of the private education loan marketplace
- Create a new source of revenue without risk to your balance sheet
- Help those in your community achieve their academic aspirations
- Attract Gen-Y members (and their families)
Features of the Program
- Referral fee of 1% of the principal amount funded for each student loan
- Expand your product line
- Initial supply of marketing materials (posters, detail sheets, brochure cards)
- Development of CUStudentHELP landing page with your branding and logo
- Review of your website and recommendations for ad tile placement
- Set up with a 1-800 customer service number for your members
- Branded ad tile links
- Webinar Training
- Estimated Setup time – 3 weeks!
- The ability to guide your members through the online or phone application process
- Specialized customer service team utilizing our state-of-the-art call center
- Additional branded materials purchased at reasonable prices
- Marketing support and advice for sourcing borrowers
- Application status triggered customer outreach
- Detailed reporting
