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Last $5.89 USD
Change Today +0.05 / 0.86%
Volume 6.7K
FMD On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

The Prudential Tower

34th Floor

800 Boylston Street

Boston, MA 02199

United States

Phone: 800-895-4283

Fax:

The First Marblehead Corporation, together with its subsidiaries, operates as a specialty finance company focused on the education financing marketplace in the United States. The company provides loan programs on behalf of its lender clients for K-12, undergraduate and graduate students and for college graduates seeking to refinance private education loan obligations. The company offers an integrated suite of services through its Monogram loan product service platform, which it refers to as its Monogram platform, as well as certain services on a stand-alone, fee-for-service basis. The company partners with lenders to design and administer education loan programs through its Monogram platform, which are school-certified. They are designed to be marketed through educational institutions or to prospective borrowers and their families directly and to generate portfolios intended to be held by the originating lender or financed in the capital markets. It also offers various other services on a stand-alone, fee-for-service basis in support of its clients, including retail banking, loan origination, portfolio management, and securitization services. Through its subsidiary, Union Federal Savings Bank (Union Federal), the company offers traditional retail banking products, including residential and commercial mortgages, time deposits and money market demand accounts, on a stand-alone basis. Monogram Platform The company’s Monogram platform integrates its program design, marketing support, loan origination, and portfolio management service offerings. It enables lenders to offer consumers education loans with competitive terms and clear pricing alternatives, with product options based on the credit profiles of qualified applicants. Specifically, a lender can customize the range of loan terms offered to their qualified applicants, such as repayment options, repayment terms and borrower pricing. The company has structured and facilitated 38 securitizations, consisting entirely of education loans, involving debt issuances. It has securitized loan pools using various financing structures, including both public offerings registered with the Securities and Exchange Commission (SEC) and private placements, and has utilized various asset-backed securities (ABS), including borrowings from commercial paper conduits, London Interbank Offered Rate (LIBOR), floating rate notes, auction-rate debt and senior-subordinate and third-party credit enhanced debt. Tuition Management Systems LLC (TMS) The company’s subsidiary, TMS, offers outsourced tuition planning, tuition billing, refund management and payment technology services for universities, colleges and secondary schools. TMS provides such services on behalf of approximately 700 educational institutions. Through BorrowSmart, TMS helps students and their families manage education costs by developing sustainable, low cost tuition payment strategies. In addition, TMS provides solutions to schools for the collection and processing of tuition payments and data. These product and service offerings are marketed as the ‘TMS Campus Advantage’. These services comprise the following: Early affordability planning and counseling delivered through multiple channels, which allows students and their families to review and consider a series of education payment options that minimize borrowing through the utilization of payment plans and school specified loan products. Flexible payment plans aggregate school payments into a single reporting and disbursement interface for schools. Comprehensive tuition billing and presentment (paper-based and electronic) improve the effectiveness of paper and electronic bills for the student and the school. Payment processing allows schools to provide choices to their students and their families through multiple channels and methods. Student account management through the TMS Student Account Center, a Web-based portal that reflects school branding, supports multi-channel access to TMS product suite and is integrated with the school’s student information system, allowing schools to outsource billing and payment processing services to TMS while remai

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Price/Sales 1.5x
Price/Book 0.6x
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TEV/Sales 0.2x
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