SIOUX FALLS, S.D., April 27, 2015 /PRNewswire-USNewswire/ -- ReliaMax, the nation's only company offering a complete private student loan solution including origination, servicing and insurance announced the promotion of Paul Dockry to President of ReliaMax Lending Services, LLC, a subsidiary of ReliaMax Holding Company. He will have the primary responsibility for leading private student loan origination, servicing, and other operational components related to providing support for The ReliaMax SolutionSM.
The ReliaMax Solution provides a turn-key opportunity enabling lenders to support their next generation of customers today by providing a comprehensive, low risk and easy to implement private student loan program.
"Paul has extensive experience originating and servicing private student loans and this is a key part of our success going forward, and we are thrilled to promote him to this strategic position," said Michael VanErdewyk, CEO and Chairman of ReliaMax.
Dockry offered the following on how ReliaMax is Helping Lenders Help StudentsSM. "The ReliaMax Solution is unique to higher education financing. It is the only comprehensive solution of its kind creating opportunity for lenders and alternative capital providers to enter this necessary and expanding marketplace. Our technology solutions and experienced team deliver a program that has the convenience our clients and borrowers want, the individual support they need and the security today's business environment demands."
Mr. Dockry joined ReliaMax in March 2014 as Chief Operating Officer of ReliaMax Lending Services, LLC. He came to ReliaMax after 20 years of leadership within Wells Fargo Bank, N.A.'s education lending business. Mr. Dockry led that organization's technology and operations start-up becoming the second largest private student lending company in the country. Earlier in his career, he worked for EduServ Technologies, formerly known as HEMAR Service Corporation of America.
ReliaMax is the only company to offer a complete private student loan solution including origination, servicing and insurance. Comprised of highly experienced industry veterans, ReliaMax offers a technology and data-driven analytics solution that enables lenders to offer a secure solution to student borrowers. With a history of financial stability, based on more than 25 years of data including $14 billion in private student loans, ReliaMax has insured loans issued by more than 400 financial institutions to students attending colleges and universities in all 50 states. ReliaMax.com