FREDERICK, MD – Regent Education has successfully launched their industry-leading verification solution, Regent Review at Universal Technical Institute (NYSE: UTI), the leading provider of post-secondary education for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. Regent Review fully automates the collection of verification documents, automates C-code processing, task assignments and workflows. This automation streamlines the entire administrative process for schools and the students they serve. Review is helping institutions reduce processing times, improve compliance and reduce processing costs.
“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 Award 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 Award
- 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).
