We are a specialty finance company focused on the education financing marketplace in the United States. We offer our clients the opportunity to outsource key components of their education financing programs through various product and service offerings including loan origination, tuition and refund management, loan processing and disbursement and portfolio management services. Specifically, we design, develop and manage loan programs on behalf of our lender clients for undergraduate and graduate students and for college graduates seeking to refinance private education loan obligations. We offer a fully integrated suite of services through our Monogram® loan product service platform, which we refer to as our Monogram platform. We partner with lenders to design and administer education loan programs through our Monogram platform, which are typically school-certified. These programs are designed to be marketed through educational institutions or to prospective borrowers and their families directly and to generate portfolios intended to be held by the originating lender or financed in the capital markets. We may provide credit enhancements for a Monogram-based program by funding participation interest accounts, which we refer to as participation accounts, to serve as a first-loss reserve for defaulted program loans. In consideration for funding participation accounts, we are entitled to receive a share of the interest income generated on the loans. We are paid for our origination and marketing services at the time approved education loans are disbursed and receive monthly payments for portfolio management services, credit enhancement and administrative services throughout the life of the loan. We also earn fees for the processing and disbursement of education loans on behalf of the approximately 335 credit union and other lender clients of FMD’s subsidiary Cology LLC.
Company profile
Ticker
FMD
Exchange
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
43295311
Latest filings (excl ownership)
15-12B
Securities registration termination
2 Sep 16
25-NSE
Exchange delisting
23 Aug 16
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Aug 16
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Aug 16
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Aug 16
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Aug 16
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Aug 16
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Aug 16
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Aug 16
8-K
Completion of Acquisition or Disposition of Assets
22 Aug 16
Latest ownership filings
SC 13G/A
First Marblehead Corp
19 Jan 17
SC 13G
First Marblehead Corp
4 Jan 17
4
WILLIAM DEAN HANSEN
23 Aug 16
4
NANCY Y BEKAVAC
23 Aug 16
4
John Carter Risley
22 Aug 16
4
SETH AARON GELBER
22 Aug 16
4
William p Baumer
22 Aug 16
4
Barry Heneghan
22 Aug 16
4
PETER S DROTCH
22 Aug 16
4
Suzanne E Murray
22 Aug 16
Institutional ownership, Q3 2019
13F holders | Current |
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Total holders | 0 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
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Total value | 0.00 |
Total shares | 0.00 |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
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