August 5, 2016 ― Washington, DC ― MPOWER Financing today announced that it is partnering with FUTR Corporation to provide superior loan servicing and support to MPOWER borrowers.
FUTR’s loan service platform provides borrowers with open, consistent communication, including electronic payment reminders and online tracking that helps them stay up-to-date with student loan repayments. With a focus on transparency, FUTR’s loan servicing solution allows borrowers to review their information and status at all times, ultimately creating a deeper control over their finances. FUTR further supports MPOWER’s mission of removing barriers to higher education for high-potential students by helping borrowers establish and build their credit histories.
“FUTR’s commitment to technological innovation, transparency, and exceptional borrower support reflects MPOWER’s core values,” said MPOWER CTO and Co-founder Mike Davis. “Their ability to evolve quickly to meet client needs makes them an ideal loan service provider. We also see the benefit of working with a strong team with an established track record and a focus on precision and innovation.”
MPOWER selected FUTR as an operational partner because of the company’s unparalleled expertise. The FUTR team offers decades of experience and is committed to creating a focused environment of growth and innovation in the services space, most recently demonstrated in its acquisition of key assets from established industry provider ECMC Servicing.
“As a partner, we’re committed to ensuring that MPOWER borrowers receive the high-quality service they expect,” said Lance Teinert, President of FUTR’s Servicing Operations. “We look forward to working with MPOWER as the company continues to redefine the student lending market by helping a previously underserved segment of the population.”
About MPOWER Financing
As a Public Benefit Corporation, MPOWER removes financial barriers to higher education in the U.S. by working with investors and universities to lend to high-potential students who are left out by traditional banks. In addition to providing students with access to the financial resources necessary to attend and complete college, MPOWER builds students’ credit histories, provides them with personal finance education, and offers gateway financial products to prepare them for life after college. For more information, visit mpowerfinancing.com, or follow MPOWER on Twitter, Facebook, and LinkedIn.
FUTR is a privately held and venture-backed higher education finance provider headquartered in San Francisco, with an operational hub in Bryan, Texas. FUTR is focused on bringing together modern technology and quality service to provide new levels of transparency and insight that borrowers need to optimally manage their financial future. FUTR extends the same level of commitment to value, innovation, and service to lender partners, who likewise can leverage advanced technology and services to support their most demanding business needs. For more information, visit https://futr.com/
DISCLAIMER – Subject to credit approval, loans are made by Bank of Lake Mills or MPOWER Financing, PBC. Bank of Lake Mills does not have an ownership interest in MPOWER Financing. Neither MPOWER Financing nor Bank of Lake Mills is affiliated with the school you attended or are attending. Bank of Lake Mills is Member FDIC. None of the information contained in this website constitutes a recommendation, solicitation or offer by MPOWER Financing or its affiliates to buy or sell any securities or other financial instruments or other assets or provide any investment advice or service.
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