In the Press – CNN Money – 8 million Americans could get a lower rate on their student loans

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Eight million Americans could get a lower interest rate on their student loans, and many of them might not even know it. That’s the estimated number of borrowers eligible to refinance their debt, according to a new report from Credible, an online student loan marketplace. It’s roughly one-third of all people who are currently paying […]

In the Press – Mortgage Orb – Community Bank Metamorphoses Into National Mortgage Lender

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Can a relatively small community bank with limited name recognition outside of its service area grow rapidly to become a nationally known online mortgage lender?   Today, if you have a well-run bank with smart leadership, a strong partner ecosystem and plenty of mortgage experience – plus a healthy budget for deploying advanced new technologies […]

In the Press – Forbes – Should You Refinance Your Student Loans? Step I: Evaluate Potential Savings

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Student loans can be a heavy and confusing burden to carry after graduation. “Thank god the private refinancing market exists now,” says Joshua Holt, who runs The Big Law Investor blog and refinanced his $190,000 law school debt with Earnest to lighten the load. Earnest, along with competitors CommonBond, Darien Rowayton Bank (DRB), SoFi, and […]

In the Press – CT Post – Students, lenders adjust to changing loan industry

In 2009, just as many banks were walking away from student lending and the federal government was planning to cut private banks’ role in its lending system, Citizens Bank entered the student loan business. “Inside of our branches every day this was a very common conversation and our bankers were unable to help,” said Brendan Coughlin, head of […]

In the Press – American Banker – To Win in Digital Banking, Get Techies Talking to Service Reps

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Arjun Sirrah takes great pride in his company’s national-level success as a community bank in Connecticut competing against digital lending startups in student loan refinancing. The 10-year-old Darien Rowayton Bank in Darien, where Sirrah has been chief technology officer of its affiliate DRB Lending since 2014, has $588 million in assets and has securitized more […]

In the Press – Forbes – How Some Millennials End Up Paying Their Parents’ Student Loan Debt

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Alex Lykos doesn’t like to think about what his life would be like if he only had to deal with $27,000 in student loans. The 23-year-old is making good money as a software engineer in Boston and, at least on paper, is faring better than the average college graduate who is $35,000 in the red. Yet, Lykos has […]

In the Press – Inc. Magazine – Inc. Magazine Unveils 35th Annual List of America’s Fastest-Growing Private Companies

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DRB (Darien Rowayton Bank) Ranks No. 3767 on the 2016 Inc. 5000   NEW YORK, August [17], 2016 – Inc. magazine today ranked DRB (Darien Rowayton Bank) NO. 3767 on its 35th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful […]

In the Press – Boston Globe – The difficult task of qualifying for student loan refinancing

Photo Credit : KATHERINE TAYLOR FOR THE BOSTON GLOBE

Andrew Tremblay, 27, refinanced his student loans in 2014 with the help of his father.

Andrew Tremblay, 27, refinanced his student loans in 2014 with the help of his father. By Deirdre Fernandes When Andrew Tremblay set out to refinance his college loan, he expected no problems. After all, he had a four-year degree, a steady job, and an enviable credit score. But it was only when his father agreed […]

DRB deal unfazed by Lending Club fallout

By Joy Wiltermuth NEW YORK, May 12 (IFR) – Online lender Darien Rowayton Bank’s US$203m student loan securitization saw strong demand this week, despite turmoil embroiling the marketplace sector from fallout at Lending Club. Orders for DRB’s three-tranche bond – its first to get Double A ratings from Moody’s – topped US$400m, said Gary Lieberman, […]

In the Press – Wall Street Journal – Should You Refinance Your Student Loans?

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More student-loan borrowers can now refinance their loans. A growing number of lenders are offering to convert borrowers’ existing federal or private student loans into a new loan with a potentially lower interest rate. Marketplace lender Social Finance, better known as SoFi, leads this space with refinances that top $3 billion since 2012. More recent […]