Title: The Future of Student Loan CRMs
1The Future of Student Loan CRMs
- GET AHEAD AND AUTOMATE YOUR STUDENT LOAN BUSINESS
- Here at Onsite CRM we have created a Student Loan
CRM that not only enables growth through a
streamlined process, automation, reporting, etc.
our CRM also has full performance model
compliance configured into the platform. - Through diligent research we have found that the
performance model states that fees cannot be
charged to the client prior to services. Funds
can be suspended from the client into a savings
or escrow account of which are still the clients
monies. Therefore, this suspending of funds
secures payment for our customers and thus
justifies rendering services. Once services are
rendered, the proof of the completed
consolidation is visible within the CRM. The
escrow account currently holding the customers
funds is now triggered by the CRM to release the
funds to the student loan consolidation company.
The customer is notified that services have been
rendered and payment received. The industry now
stays profitable, the customer is protected from
fraudulent servicing companies, and we capture
tremendous market share. - An added value with the Onsite CRM Student Loan
Platform is we have financing built into the
platform. We are the one and only CRM with built
in financing. -
2This presents incredible value to the student
loan company using our solution since now rather
than charging high fees to the customer looking
to reduce their student loans of which are
already in financial hardship. They now can offer
their customer a low monthly payment (2 year
term) of which the first payment is not due until
after their student loans are consolidated.
Therefore, the customer is never out of pocket
for more than what they are paying for their
student loans for any given month and the student
loan company received their payout within 48hrs
of the customer signing the agreements. This
financing model is also compliant since the
customer is never out of pocket before the
services are rendered and yet, the student loan
company gets paid immediately. Disclaimer Onsite
CRM is NOT an attorney or governing agency. The
issues discussed on our blog post are for
educational purposes only. Article
Resource-http//onsitecrm.blogspot.com/2016/09/th
e-future-of-student-loan-crms.html