ELM is a not-for-profit mutual benefit corporation

About Our Company

ELM Resources began in 1994 and is the only not-for-profit mutual benefit corporation serving the student loan industry today, including universities, colleges and lenders. ELM provides a common, non-proprietary and open data exchange and disbursement system that seamlessly links the diverse computing platforms of schools and lenders through its industry leading products, ELMNet and ELM NDN.

ELM also offers a lender comparison solution for schools that provides their own custom page to display a recommended lender list and offers students the ability to compare and select the loan that best fits their needs, ELMSelect. Over 1,600 campuses use ELM Resources to send and receive loan data for alternative loans with the lender of their choice.

ELM's History

Education Loan Management Resources (ELM) was established in 1994 by a group of loan providers who were looking for ways to improve loan processing for schools. Back then, there were only proprietary loan delivery systems. Every school had to process their loans based on the lender's system. This was highly inefficient for schools since they had to deal with each loan record differently despite the fact that the information transmitted was standardized.

ELM was started to take advantage of technology to eliminate this inefficiency through the creation of a uniform data exchange network for loan processing. Today, loan providers that are members of ELM compete on customer based criteria such as service and product offerings. They are able to utilize ELM's open, lender-neutral and non-proprietary technology platform to exchange critical loan data with schools efficiently and cost effectively. Schools in turn benefit from a free, centralized loan delivery platform that allows them to work with any lender, guarantor or servicer they choose.

1994
November, ELM Resources was incorporated
1995
ELM National Disbursement Network was created to facilitate the disbursement process
1996
First loan processed through ELMNet
1999
Web application processing introduced
2004
ELMNet 3 Released including real-time processing and remote loan inquiry providing schools and borrowers real-time loan status.
2006
Higher Education Reconciliation Act of 2005 changes implemented including Federal Graduate/Professional PLUS loans
2007
ELMSelect lender listing announced.
2009
ELM Disbursement eclipsed $33 billion annually
2010
Federal Family Education Loan Program (FFELP) was shut down
2013
ELMSelect 2.0 released, innovating and simplifying the lender and product comparison capabilities

ELM Executives

Jon Veenis

Jon Veenis

CEO & President

Jon Veenis has more than 30 years of financial services experience. He is currently the Chief Executive Officer of ELM. Prior to joining ELM, Jon spent 30 years at Wells Fargo Bank...

Learn More
Phillip Wade

Phillip Wade

COO & CIO

Phillip Wade brings over 20 years of business and technology leadership experience to the roles of Chief Operating and Information Officer for ELM Resources. Phillip has spent the majority of his professional career...

Learn More
Jon Veenis

Jon Veenis

Chief Executive Office & President of ELM Resources

Jon Veenis has more than 30 years of financial services experience. He is currently the Chief Executive Officer of ELM. Prior to joining ELM, Jon spent 30 years at Wells Fargo Bank, most recently serving as President of its Education Financial Services Division.

He has also held other senior management roles at Wells Fargo. Jon served on the ELM Resources Board of Directors from 1996-2007 including a term as Chairman from 1999 to 2000. His other professional affiliations have also included Chair of the Education Funding Committee for the Consumer Bankers Association and as a board member of the National Council of Higher Education Loan Programs (NCHELP). He holds a B.S. from South Dakota State University and is a graduate of the Pacific Coast School of Banking.

Phillip Wade

Phillip Wade

COO & CIO

Phillip Wade brings over 20 years of business and technology leadership experience to the roles of Chief Operating and Information Officer for ELM Resources. Phillip has spent the majority of his professional career in financial services and management consulting, including student lending.

Prior to joining ELM, Phillip was Technology Vice President of Applications for Chase Education Finance, the student lending division of JP Morgan Chase.

He has also held senior management positions as Chief Technology Officer for Collegiate Funding Services, Inc. and Vice President, Head of Advanced Technology Group for SunTrust Bank before joining Chase. Phillip is a graduate of the College of William and Mary.

Board Members

Jack Henry (Chairman)

Sierra Blanca Ventures

Melissa Bassett

Citizens Bank - RBS Citizens, N.A.

Deirdre Bertrand

First Marblehead

Kelly Christiano

Sallie Mae

Peter Siddons

Wells Fargo Bank, N.A.

Jason VanSickle

PNC Bank

Jon Veenis

ELM Resources

John Vidovich

Discover Student Loans

ELM Members

ELM Affiliates

School Advisory

David Nichols

Director of Innovation and Process Improvement

DeVry University

Angela Van Dekker

Associate Vice President

Fordham University - Rose Hill Campus

Forrest Stuart

Associate Vice President for Financial Aid

Furman University

James Blackburn

Vice President of Financial Aid

Kaplan Higher Education Corp

Charles M Scheetz

Director of Student Financial Aid

Mansfield University of Pennsylvania

Julie B. Savino

Executive Director, University Financial Assistance

Sacred Heart University

Heather Fountain

Associate Director of Financial Aid

Texas A & M University

Anthony C. Georges

Director Student Financial Aid

The University of Missouri, St. Louis

ELM Updates

Contact Us

ELM HQ

12950 Race Track Road
Suite 201
Tampa, FL 33626
Phone: (866) 524-8198
Fax: (510) 588-5424
Email: info@elmresources.com

© 2017 ELM Resources| ELM Resources and ELM are registered service marks of ELM Resources Corporation