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Consumer Loan Services

Private Student Loan Purchase

Durkin Group was engaged to perform a limited scope review of a private student loan portfolio as part of an ongoing whole loan purchase program. The loan portfolio was comprised of prime loans typically originated through a refinance of private student loans for graduate, post graduate, and professional degree programs. Durkin Group reviewed underlying loan and credit documentation in comparison to the loan data tape. Sampled loans were also reviewed for compliance with the Company’s stated loan origination, credit, and servicing policies and procedures as well as required consumer notifications. We reviewed the Company’s loan servicing system in comparison to the loan data tape and underlying documentation. Durkin Group noted any exceptions in information reviewed and made recommendations as appropriate.

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