ReliaMax

Founded in 2006, ReliaMax was a financial services company based in Sioux Falls, South Dakota, that specialized in the private student loan industry. The company's primary business was providing insurance to lenders (such as banks and credit unions) to protect them against losses from defaulted student loans. In addition to insurance, ReliaMax also offered a comprehensive suite of services including loan origination technology, loan servicing, and capital markets solutions. The company became insolvent and was placed into receivership by the South Dakota Division of Insurance in June 2018, ultimately leading to its liquidation.