Executive summary: Strategic actions Strategy Update January 31, 2024 Confidential and proprietary information © 2024 Navient Solutions, LLC. All rights reserved. 1 Following an in-depth business review conducted by the board and management, Navient is announcing strategic actions to simplify the company, reduce expense base and enhance flexibility: | Outsource student loan | • Maximize net value of loan portfolio cash flows | | --- | --- | | servicing and create | • Facilitate corporate cost reduction | | ...

"A year ago, we announced three ambitious strategic actions – outsourcing servicing, divesting our business processing businesses, a non- strategic asset, and a more cost efficient and streamlined structure. We are pleased to say that we achieved our 2024 objectives against an aggressive timeline. These actions provide clear line of sight to our expense reduction targets, deliver value and position us for the future. We accomplished these steps while at the same time achieved strong loan origination growth, ...

Navient (JSM) Q1 2025 Earnings Call April 30, 2025 08:00 AM ET Company Participants Jen Earyes - Head of Investor RelationsDavid Yowan - President & CEOJoe Fisher - Executive VP & CFOSanjay Sakhrani - Managing DirectorNathaniel Richam-Odoi - Equity Research AssociateMark Devries - DirectorJeffrey Adelson - Executive Director Conference Call Participants Bill Ryan - AnalystMoshe Orenbuch - Managing Director & Senior AnalystRichard Shane - Stock Analyst Operator Good day and thank you for standing by. Welcome ...

Navient (JSM) Update / Briefing January 31, 2024 07:00 AM ET Speaker0 Good morning, everyone. Thank you for joining the call and for your interest in Navient. As you know, the Board and management began an in-depth review of our business a few months ago. It's been a rigorous and comprehensive process. I've asked Ed Bramson, Vice Chair of the Navient Board, to join me this morning. Ed and I will describe the steps we're taking, their rationale and objectives and what they mean for Navient. After that, Joe w ...