ReliaMax

lendingonline loansother lending

FOUNDING YEAR: 2006
LOCATION: United States
Last Update: 09/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

ReliaMax provides private student loan, insurance, and lending services through various student loan programs for lenders. It is also a platform-as-a-service and includes borrower acquisition, origination, servicing, insurance and capital markets execution for banks, credit unions, and alternative lenders. The company was formed by acquiring HEMAR, a private student loan company in 2006.

Focus

PRODUCTS & SERVICES

Student loan and lending service provider. It connects student borrowers with banks, credit unions and alternative lenders that can provide loans.

MAIN CLIENTS

The company has customers from credit unions and banks. Major clients: Alliance Catholic CU

Capital Credit Union

Dort Federal Credit Union

TDECU

Dacotah Bank

FMS Bank

TriStar Bank

etc.

EXISTING PARTNERSHIPS

The company has partnerships with Edsouth Services

SouthEast Bank

and Upstart.

Traction

TRACTION COMMENT:

The company has insured over $3 billion in private student loans and has $15 billion worth of student loan data. The company also claims that it services $275 million in loans, an increase of nearly 670% from the close of 2015. It plans of expansion across in-school, refinance, and specialty private student loan programs like international medical degrees and students from abroad who are pursuing their MBA degrees in the US.

People

FOUNDERS

Mike VanErdewyk

NUMBER OF EMPLOYEES

51-200

Momentum

FUNDED

NO

LISTED

NO

BASICS

FOUNDING YEAR:

2006

LOCATION:

United States

Views:

142 VISITORS | 217 VIEWS
TOTAL EMPLOYEES
51-200

About

ReliaMax provides private student loan, insurance, and lending services through various student loan programs for lenders. It is also a platform-as-a-service and includes borrower acquisition, origination, servicing, insurance and capital markets execution for banks, credit unions, and alternative lenders. The company was formed by acquiring HEMAR, a private student loan company in 2006.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack