ELM is a not-for-profit mutual benefit corporation
As a not-for-profit, mutual benefit corporation, ELM Resources is a member based company in which competing lenders, guarantors and servicers have agreed to cooperate in select areas of student lending to better serve schools.
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.
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.
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
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
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.
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.
Jack Henry (Chairman)
Sierra Blanca Ventures
Citizens Bank - RBS Citizens, N.A.
Wells Fargo Bank, N.A.
Discover Student Loans
Director of Innovation and Process Improvement
Angela Van Dekker
Associate Vice President
Fordham University - Rose Hill Campus
Associate Vice President for Financial Aid
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
Associate Director of Financial Aid
Texas A & M University
Anthony C. Georges
Director Student Financial Aid
The University of Missouri, St. Louis
If you are currently a school participating with ELM Resources, the login below will provide you access to a wealth of training and other materials to help you efficiently manage your private loan processing needs. If you do not have an ELMNet ID/Password or have other questions Contact Us to consult with one of ELM's experienced National Service Center representatives.
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Participating Lenders can log in below to access a wealth of training and other online resources to effectively manage your loans through ELM Resources.