Cology Adds Student Loan Servicing to its Volta™ Platform

SCOTTSDALE, Ariz., Jan. 4, 2011 /PRNewswire/ -- Cology, Inc., the student loan technology and processing experts, announced today the integration of a complete loan-servicing module to its existing Volta™ core processing system. Beginning in April 2011, Cology will offer lenders and clients the ability to choose private labeled loan origination, servicing, or a combination of both options to ensure a seamless loan process.

"Expanding Volta to offer life-of-loan servicing was a natural evolution of our core processing system and it's the perfect complement to our industry-leading loan origination solution, which has allowed more new lenders and resource providers to serve their members than anyone in the marketplace," said Paul Rehnberg, CEO of Cology. "The life-of-loan servicing provides unmatched program flexibility, comprehensive branding attributes and the end-to-end origination capabilities necessary to ensure an exceptional lender and borrower relationship."

The servicing solution comes as the result of a comprehensive technology development initiative at Cology, which included the acquisition, custom enhancement and integration of private loan servicing software to work within the Volta™ platform. The introduction of loan servicing to Cology's core processing system provides lenders of all types the ability to enter the market easily and maintain the closest possible relationship with their customers and members.

Like all of Cology's technology, the new servicing solution will be available to operate in-house, by ASP remote license, or outsourced utilizing their veteran team of back office loan processing experts.

About Cology, Inc.

Cology provides end-to-end technology and core processing solutions for lenders.  Volta™, the company's universal core processing system, is the technology which supports more than 200 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 or to learn more about the company visit: www.cology.com.

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SOURCE Cology, Inc.