Goal Structured Solutions Expands into the Primary Servicing Market
November 8, 2018
Goal Structured Solutions, Inc. (GS2) is pleased to announce that it has acquired the assets of private student loan servicing company ReliaMax Lending Services, LLC and will now offer primary servicing under the newly incorporated company Launch Servicing. The acquisition brings an additional $500MM under the management of GS2, a nationally recognized leader in the education finance industry.
“This transaction is an exciting opportunity to continue our asset management growth and add value to clients by bringing them proven servicing expertise and reliability. Over the past several years we have enhanced our platforms and invested in hiring top talent to improve our servicing capabilities and, as a result, we are well-positioned to pursue acquisition opportunities, such as this.” says Ken Ruggiero, Chairman and CEO of GS2.
GS2 is the largest 3rd party provider of student loan services and currently manages a portfolio of over $27 billion. The company has a deep history of involvement with student loan servicing, overseeing nearly all the existing and former servicers across various managed and owned portfolios. GS2 will leverage this experience through Launch Servicing, growing it to a best-in-class servicing option.
Matt Myers, Chief Operating Officer of GS2, stated “We are confident that our new clients, many of whom are well-known to us and aware of the high caliber of service we provide, will gain expanded opportunities and a superior borrower experience through Launch Servicing. Our long-standing relationships with existing clients speaks volumes about our reliability, technology, and ability to create value for holders of student loan assets. Our experience and proprietary servicing technology combined with the outstanding people in Sioux Falls, SD will bring a best-in-class servicer to market with Launch.”
Launch Servicing, located in Sioux Falls, SD, is a wholly owned subsidiary of GS2 that provides third party servicing of student loans. Our mission is to be a trusted partner who delivers exceptional loan servicing, maximizing the experience and results for all stakeholders.
GS2, the parent company of Launch Servicing, has been an industry leader in asset management for the education finance marketplace since 2001. As an employee-owned and governed company we place a strong emphasis on providing a high-level of service and having accountability to all our partners. GS2 is focused on advanced analytics as well as strict compliance standards and an approach to customer service that prioritizes transparency to ensure we serve students, families, and consumers equitably and responsibly.
In addition to asset management, we provide investing and capital markets advisory services that include trust restructuring, debt-rating assessments, and risk analysis for the full range of student loan collateral, including FFEL consolidation, Stafford, PLUS, and private loans. To date we have invested $200M in over 49 transactions and acquired almost $3.5B worth of assets and our securitization platform has issued and placed over $12.7B in asset-backed securities.