Specifications include, but are not limited to: The five areas outlined below describe the complete scope of services sought in connection with the origination and ongoing administration and servicing of the inschool loan program. The Connecticut Higher Education Supplemental Loan Authority is looking for active servicing of loans, including multiple contacts to delinquent borrowers. Loan Origination The originator/servicer Proposer will provide a web-based platform for accepting applications, processing the application against credit criteria provided by the Authority, displaying to the applicant(s) a credit decision subject to proper documentation, providing electronic disclosures and the capability for electronic signatures. The Authority would like to provide a link from its website to that of the loan originator/servicer. The student and college or university attended by the student will certify the loan. The loan originator/servicer must be able to: a. Generate and analyze standard credit reports to determine the applicant’s credit history and creditworthiness in accordance with criteria to be established by the Authority; b. Generate, on behalf of both the servicer and the Authority, approval (or rejection) letters; c. Interface with institutions regarding certification action appropriate for applications and provide a weekly applications approved report and a weekly applications in-process report to the Authority (please specify if you offer on-line certification/ELM and whether you can accommodate multiple disbursements for one loan and methods of disbursement); d. In accordance with the Authority’s origination criteria, review information provided on the application to determine income, employment and residence, and analyze borrower/co-borrower/co-signer data in conjunction with the credit report and other information provided on the loan application; e. Generate promissory notes and disclosure statements for approved applicants subject to review and approval by the Authority; and f. Require all borrowers and co-borrower(s) to sign promissory note, retain a copy of said promissory note(s) (with signatures) in a manner that is consistent with industry standards and is approved by the Authority, and to forward the original signed promissory note(s) to the Authority’s Trustee if required.