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Loanscribe

From EverybodyWiki Bios & Wiki

Loanscribe
Loanscribe logo
Private
ISIN🆔
IndustryStudent loans
Founded 📆2013
Founders 👔Jason Doshi
Samip Joshi
Area served 🗺️
United States
Products 📟 Student loan
Members
Number of employees
🌐 Websitewww.loanscribe.com
📇 Address
📞 telephone

Loanscribe is a platform for healthcare professionals to consolidate and refinance their student loans. It was co-founded by a pair of mortgage professionals, Jason Doshi and Samip Joshi.[1] It is a student loan refinancing platform focused on medical and healthcare professionals.[2] Through its simplified process, Loanscribe reduces the physical burden of paying back multiple loans and the emotional stress of paying high interest.[3] It has been mentioned in Bank Innovation[4] and MedTech Boston.[5]

Loanscribe's model was implemented through risk-based pricing and a vision that someone with a higher probability of paying back debt deserves to pay less interest.[6] This model factors short- and long-term potential income, degree, and job stability, in addition to standard underwriting criteria such as FICO scores.[7]

References

  1. ↑ "4 Ways Student Loan Holders Can Master Their Debt". The Huffington Post. Retrieved 12 October 2014.
  2. ↑ "Refinancing fed school loans into private loans...". Reuters UK. Sep 29, 2014. Missing or empty |url= (help); |access-date= requires |url= (help)
  3. ↑ "Work it: Samip Joshi & Jason Doshi of loanscribe". www.thesocietyco.com. Retrieved 12 October 2014.
  4. ↑ "Fintech Startup Volume Eases in May". Bank Innovation. Retrieved 12 October 2014. Last month, 64 fintech startups were launched or sought new rounds of financing, according to a Bank Innovation analysis, up 6.7% from April. In April, the number of launches climbed more than 13% compared to the previous month.
  5. ↑ "Loanscribe: Consolidating & Reducing Medical Student Loans". MedTech (Boston). Retrieved 12 October 2014.
  6. ↑ "A Lesson in Student Loans: Interest Capitalization". Official website. Retrieved 12 October 2014.
  7. ↑ "Alumni Network". Rutgers University Debate Union. Retrieved 12 October 2014.


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