People Capital

Overview

People Capital has a developed a turnkey solution for the selection, origination and servicing of private student loans. We provide an end-to-end, modular, web-based software solution that provides:

• A loan origination engine compliant with student loan, consumer finance and securities regulations
• A servicing platform able to process whole loans, fractional participation (aka “p2p”) and syndication
• Detailed compliance, tax and risk management reporting
• Traditional and proprietary credit underwriting tools

Key Modules and Features

Borrower Acquisition & Verification

• Web-based borrower acquisition platform
• Identity, fraud, OFAC and other compliance requirements
• Academic and merit validation
• Enrollment verification
• Credit reporting  
• Processes to interface with:
  • Credit bureaus (credit reporting, identity verification)
  • Colleges (enrollment, academic verification)
  • Existing and/or legacy systems (accounting, reporting, etc.)

Loan Selection

• Screening tools based on over 30 academic, geographic, credit and loan underwriting criteria
• Auto-select and manual selection functionality
• Traditional credit metrics on borrowers and co-borrowers
• Human Capital Score™ - proprietary credit risk metric

Pricing & Underwriting

• Auto decisioning: ability to create proprietary and/or mission-driven underwriting rules
•  Fixed and variable rate pricing available
• Facilitates auction-based bidding and pricing

Loan Marketplace & Syndication

• Loan syndication allows lenders to share and diversify risk
• Fractional participation allows multiple lenders to invest in one borrower in the same loan –facilitates “peer-to-peer” lending

Loan Origination

• Compliant with all federal and state student loan, consumer finance and securities regulations
• Packaging of tax-efficient loan product
• Customized loan products: Short-term, long-term, balloon payment loans or straight amortization, consolidation loans
• Disbursements directly to schools (for the benefit of the student)

Servicing

• Able to process whole loan, syndicate and fractional participation
• Aggregates micro-payments
• Detailed compliance, tax and risk management reporting
• Processes to interface with:
  • ACH payment processing
  • Existing/legacy servicers