The Group's principal activity is to provide outsourcing services to national and regional financial institutions and educational institutions for designing and implementing private education loan programs. It also offers administrative and other services to securitization trusts, asset servicing to the third-party owner of certain of those securitization trusts (NCSLT Trusts) and portfolio management services to a limited number of clients. As of June 30, 2009, there were seven loan servicers providing loan services to trusts that were facilitated by the Group. The Group's Monogram product has been designed to provide prospective lenders with flexible product features intended to meet their desired risk control and return objectives, while also providing borrowers with some ability to configure the terms of their private education loan. The Group operates throughout the United States.
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