"Efficient management of the verification process is critical to an institution's ability to control costs, maintain compliance and deliver exceptional service to its students," says Randy Jones, CEO of Regent. "Review was a natural addition to our product set and leverages the technology of our proven products, Regent 8 and SNAP. UTI has been an exceptional teammate and has helped to ensure our verification solution is the industry leader in automation, service and compliance."
The student verification process has become more challenging due to the increased regulatory complexity and the annual policy changes that impact processing rules. Verification is a leading cause of compliance audits and findings, representing a key risk to higher education institutions. Review resolves these challenges by offering the industry's most robust solution for verification processing.
Key features that improve compliance include:
• Complete audit trail that includes all submitted documents, student communications, and processing history.
• Leverages the proven and highly advanced ISIR processing features of Regent 8.
• Approved electronic signature capabilities.
• Single sign-on options to prevent fraud.
"We believe that advanced automation is the key driver in developing solutions to address the processing inefficiencies, compliance and service issues that many schools struggle with on a daily basis within their Financial Aid departments," said Shaun Poulton, CTO for Regent. "Regent Review leverages the advanced capabilities of our Regent technology platform and can easily integrate with our customer's financial aid management and student information systems. With Review, schools spend less time dealing with disconnected and manual processes and more time working with their students."
About Universal Technical Institute, Inc.:
Headquartered in Scottsdale, Arizona, Universal Technical Institute, Inc. (NYSE: UTI) is the leading provider of post-secondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. With more than 170,000 graduates in its 48-year history, UTI offers undergraduate degree, diploma and certificate programs at 11 campuses across the United States, as well as manufacturer-specific training programs at dedicated training centers. Through its campus-based school system, UTI provides specialized post-secondary education programs under the banner of several well-known brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) and NASCAR Technical Institute (NASCAR Tech). More information: http://www.uti.edu/ .
About Regent:
Founded in 2006, Regent Education is a leading provider of software solutions that have revolutionized financial aid management and enrollment processes for schools using non-traditional enrollment models. Today, Regent 8, the eighth version of Regent's financial aid management system is the only solution that provides end-to-end automation for non-term, nonstandard term, and standard academic years. Regent SNAP enables schools to provide estimated awards to prospective students in 15 minutes or less-a process that normally takes days or weeks. Regent Review is the industry's only fully-automated verification solution.
Regent is a nationally recognized leader in results-driven enrollment optimization and financial aid management solutions-solutions that are web-based, easy-to-use, and interoperate with any existing student information system. Regent offers software-as-a-solution (SaaS) tools that help institutions increase enrollment, improve retention, speed student processing, mitigate compliance risks and deliver bottom-line results.
More information: http://www.regenteducation.com/ .
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NEWS SOURCE: Regent Education :: This press release was issued on behalf of the news source (who is solely responsible for its accuracy) by Send2Press® Newswire, a service of Neotrope®. Original syndication source of this press release: https://www.send2press.com/newswire/Regent-Education-Implements-Fully-Automated-Student-Verification-Solution-for-Universal-Technical-Institute_2014-03-0327-001.shtml.