The First Marblehead Corporation (First Marblehead), is a specialty finance company focused on education loan programs for K-12, undergraduate and graduate students in the United States, as well as tuition planning, tuition billing, refund management and payment technology services. It also offers a number of ancillary services in support of its clients, including loan origination, retail banking, portfolio management and securitization services. It offers an integrated suite of services through its Monogram loan product service platform, which the Company refers to as the Monogram platform, as well as certain services on a stand-alone, fee-for-service basis. Its subsidiary Union Federal Savings Bank, which the Company refers to as Union Federal, offers retail banking products, including education loans, residential and commercial mortgage loans, time and savings deposits and money market deposit accounts. In October 2012, the Company acquired Cology, Inc.