Loan Servicing
FISC provides loan servicing for installment, higher education, community development, state housing authority, and other specialized loan programs.
FISC offers customized servicing programs for such programs as hospital loans, home improvement loans, college loans, and other specialized loan programs offered by businesses to their customers.
FISC 's loan servicing team has more than 20 years expertise in servicing loans made by banks and credit unions under the Federal Family Education Loan Program (FFELP). FISC's FFELP servicing is all-inclusive, from application processing to loan pay-off. Through our solution, financial institutions are able to offer this important product to their customers without the need for in-house expertise in the administratively complex program.
Loan Servicing features:
- Application processing.
- Loan disbursement.
- Borrower notification of repayment terms.
- Statement creation and distribution - both paper and electronic statements.
- Collecting and processing payments.
- Borrower enrollment for one time and recurring ACH payments.
- Delinquent loan collection.
- Processing paid loans.
- Toll free customer service lines.
- Comprehensive lender reporting and reconciliation.
FISC Solutions include:
- Online Access to Loan Information - iNOW™
- Online and Telephone Payments - FISCpay™
- Related Solutions:
- Remittance/Lockbox Processing
- Caging
- Statement & Invoice Processing
- Image Archive
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