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The ELS Custom Loan Source Group can provide your organization with the ability to offer private credit to students and other customers, supported by our long-term relationships with banks, loan originators and servicers. The Group provides all of the required components, including development and marketing support, credit decisions, loan origination, loan servicing, and compliance management.
By handling the entire process from start to finish, Education Loan Source takes the burden off your shoulders and frees up your valuable time, so that you can focus on what’s important: helping your students and their families achieve their educational goals.
Custom Loan Source Success Stories
We’re proud to have helped Farmers Insurance Group Credit Union create the ideal loan program for its students and families.
For Schools
Custom Loan Source is a loan program offered by your school that utilizes your institution’s funds, supported completely by the ELS Custom Loan Source Group – from software infrastructure to application acceptance, credit decisioning, disbursement, and loan portfolio servicing. Our financial modeling services are available to maximize your program design and returns based on your needs and demographics.
Loans are originated by our lender, Bank of Lake Mills, through the Cology Network and then purchased by your school. You can select your loan servicer from our extensive group of preferred partners.
Our implementation team can set the program up in 90 days or less with no modifications to our standard loan program terms. We are dedicated to a smooth transition and support of Custom Loan Source with a portfolio of reports, an extensive administrative system, and quality customer care for both your school and students.
These standard loan products are also designed to allow selling into the secondary market, if desired, when market conditions indicate financial returns are acceptable.
As the holder of the loan, your school:
For Banks
Custom Loan Source is a loan program offered by your institution and completely supported by the ELS Custom Loan Source Group – from software infrastructure to application acceptance, credit decisioning, disbursement, and loan portfolio servicing. Our financial modeling services are available to maximize your program design and returns based on your needs and demographics.
Loans are originated by our lender, Bank of Lake Mills, through the Cology Network and then purchased by your school. You can select your loan servicer from our extensive group of preferred partners.
Our implementation team can set the program up in 90 days or less with no modifications to our standard loan program terms. We are dedicated to a smooth transition and support of Custom Loan Source with a portfolio of reports, an extensive administrative system, and quality customer care for both your school and students.
These standard loan products are also designed to allow selling into the secondary market, if desired, when market conditions indicate financial returns are acceptable.
As the holder of the loan, your company:
