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AutoCert, Financial Milestone Highlight Banner Year for Campus Door
Campus Door, a leading private student lending company, experienced a banner year in 2004. Foremost among last year's accomplishments included the phenomenal growth of the company's AutoCert process as well as a record amount of applied-for financial aid.
Carlisle, PA January 5, 2005 -- Campus Door cemented its place as one of the private college student loan industrys fastest-growing companies with a landmark performance in 2004.
The companys accomplishments are highlighted by an unprecedented number of financial aid offices signing up for Campus Doors innovative Auto Certification process, more commonly known as AutoCert, as well as a record $1.3 billion in the total amount of requested financial aid for 2004.
Our superior attention to efficiently serving our borrower and school customers is core to our success, said Damien Q. Elias, Campus Doors President and CEO. We have achieved a seamless integration of technology with people. Our people care about customers in an industry that is based on the advocacy of the student.
Financial Aid Offices Discovering the Benefits of AutoCert
A notable reason for the exceptional performance of Campus Door lies in its state-of-the-art AutoCert process. Since its introduction in 2003, several hundred schools have taken advantage of this resource, with 175 of them signing up in November and December alone. This significant gain can be attributed to the growing number of financial aid offices that are discovering the benefits AutoCert presents to them.
Financial aid offices appreciate how AutoCerts simple, user-centered features allow them to complete their tasks in a timely and efficient manner, all without intensive training and bureaucratic processes, remarked Kailash Mathur, Senior Vice President of Loan Operations at Campus Door.
AutoCert gives a financial aid office a convenient, virtual location in which to certify, keep track of, and make changes to all Campus Door loans specific to its school.
AutoCert attributes include:
A completely paperless system
A logical graphical user interface
Instant access to student loan records
The ability to change student loan records quickly
Rapid fund disbursement
AutoCert Users Rave
The Campus Door AutoCert system has earned high praise from its users.
It is quick and extremely easy to follow, said Tracy James, Assistant Director of Student Financial Planning at Wesley College in Dover, DE. All of the student information is right at my fingertips and I never have any problem navigating my way through the site. It is convenient to receive e-mail updates regarding pending certifications as well as approved and denied loans.
We love how easy it is to use AutoCert, added Mary Beth Saar, Coordinator of The Educational Loan Programs at Pennsylvania College of Technology. There are no missed or lost applications, certification is simple, and loan changes can smoothly be made for better student servicing.
Financial Benchmark Reached
Campus Door recently passed $1.3 billion in the total amount of applied-for financial aid. This achievement, accomplished in less than one calendar year, adds a significant chapter to the history of the company. Campus Doors assortment of credit-based student loans for undergraduate and graduate students continues to bring in new as well as repeat customers.
A Market Leader
Campus Doors forward-thinking philosophy of making the private student lending market more accessible to both borrowers and financial aid officers contributes to its continued success. Its union of a first-class lineup of products combined with advanced technology proves to be an effective formula for maintaining its reputation as one of the most recognized names in the alternative student lending industry.
About Campus Door
Campus Door is a leading provider of Internet resources for students to both plan and finance their education. For more information about Campus Door, visit www.campusdoor.com.
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