First Place Resources Announces Incorporation of Cology Volta Core Processing System to Their Private Student Loan Programs

SCOTTSDALE, Ariz., Feb. 17 /PRNewswire/ -- Cology, Inc., the technology and universal core processing experts, today announced that its core processing system, Volta™ will now be offered by First Place Resources, LLC to create custom loan solutions for use with their partners, including EdAssure™, a company that provides colleges and universities with financial aid solutions and lenders with product diversification. Cology's Volta will bring First Place Resources a complete loan origination program that is custom-branded, entirely profile-driven and compliant with all 2010 regulatory changes.

"We are very pleased to be offering Volta to our business partners and clients," said Lance Teinert, President of First Place Resources.  "Our ability to bring turnkey solutions for our EdAssure private loan origination and servicing program is greatly enhanced by this relationship."

Cology's Volta 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.  

"Cology is proud to be part of the First Place Resources solution," said Paul Rehnberg, Cology's Chief Executive. "Our companies share a common vision of technology innovation and the versatility of Volta will certainly compliment the loan solutions that First Place Resources offers its clients and business partners."  

About First Place Resources

First Place Resources, LLC is a leading education finance and financial services consulting firm based in Bryan, Texas. We help education finance and financial services companies in areas of project management, portfolio management, business process optimization and product design and delivery. We are the exclusive marketer of the EdAssure™ line of non-federal education loan products.  For more information on the EdAssure™ line of products, visit www.edassure.com.  For information on First Place Resources, LLC, visit www.firstplaceresources.com.  

About Cology, Inc.

Cology provides technology and core processing solutions for lenders. Volta™, 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: http://www.cology.com.

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SOURCE Cology, Inc.