"We are excited to partner with Cology to help lenders reach students in their local communities through our Student Loan Marketplace," said Russ Carlson, CEO of Overture Technologies. "The combination of Cology's loan processing engine and Overture's innovative comparison tool gives new and existing lenders a sophisticated and flexible way to manage their portfolio of private student loans."
Cology's technology solution makes it simple for resource providers in any community to enter the private student lending market, where they can customize their loan and resource programs, as well as integrate seamlessly with existing school processes. Volta supports traditional credit-based loans, college payment plans, peer-to-peer lending, as well as member-based programs for foundations, alumni associations, corporate sponsors and individual donors.
"The relationship is a perfect fit," said Paul Rehnberg, CEO of Cology. "Overture has created a valuable tool for students and their families who are seeking college finance solutions. Cology's core processing system will make it easy for lenders and providers in the community to make resources available for students to pay for college."
Overture Technologies provides tools to help students intelligently navigate the process of funding their education. Overture's Student Loan Marketplace matches students with personalized private loan rates and terms from participating lenders.
About Overture Technologies
Founded in 2000, Overture Technologies is the leading provider of solutions that help students and their families save money by making better financial decisions. Using patent-pending technology, Overture helps students create comprehensive plans for financing their education as well as source competitive rates on private student loans through a marketplace of national lenders, credit unions and other not-for-profit organizations. For more information about Overture, visit www.overturecorp.com.
About Cology Inc.
Cology provides technology and core processing solutions for lenders. Volta(TM), the company's universal core processing system, is the technology behind more than 100 of the nation's resource providers in the education finance market today. The platform's highly customized client branding features, expansive loan, tuition payment, donor and peer product suite and back office loan processing experts make entering the market fast, efficient and easy. For additional information on how to become a lending resource for students, visit: http://cology.com/Discover.aspx . For information about Cology, visit: www.cology.com .
