direct student loan servicing
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MOHELA names Bayer executive director
He has been with MOHELA for nearly 21 years. Prior to taking the interim post, Bayer directed MOHELA's School and Lender Relations efforts for 17 years, and served as MOHELA's associate director of business operations, including loan consolidation, loan origination, loan servicing and system development.
MOHELA is one of the largest nonprofit student loan secondary markets in the nation, with more than $5.2 billion in assets, and loan purchase activity in excess of $1.2 billion per year.
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Boston Financial operating center
Boston Financial Data Systems Inc. is taking over its parent company's mutual fund center in Lawrence, as the operation boosts its part-time payroll to meet an expanding list of clients.
DST Systems Inc., based in Kansas City, Mo., is turning over its financial center at 2000 Bluffs Drive to Boston Financial, which is owned by DST and State Street Corp. The full transition will be completed July 9. A key for the center's future: The proximity of Kansas University and other institutions of higher education, whose students will be sought after as employees to answer phone inquiries, open mailed-in documents and otherwise process requests for changes in the mutual fund accounts of millions of shareholders. “We are very excited about Lawrence's educated and flexible work force," said Steve Perry, vice president for Boston Financial in Lawrence.