The Future of Student Loan CRMs

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 client’s 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.
This presents incredible value to the student loan company using our solution since
now rather than charging high fee’s 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.
Onsite CRM is NOT an attorney or governing agency. The issues discussed on our blog
post are for educational purposes only.
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