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National Loan Auditors Creates Legal Resource for Foreclosures

Walnut Creek, California-based ""National Loan Auditors"":http://www.nlaudit.com (NLA) now offers an online resource portal for clients to gain up-to-date information on statues and case law pertaining to lending and foreclosure. In addition, the Law Portal provides the latest news regarding legal compliance issues and status updates on all federal, state, and municipal compliance legislation. The NLA Law Portal has all the information relevant to lending and foreclosure in one place, saving lenders, servicers or attorney’s time and money on legal research, the company said.
""NLA Law Portal has been designed to empower our clients with the information necessary to measure liability or form the basis for litigation,"" said August Blass, CEO of National Loan Auditors. ""The portal adds value to our forensic loan audit by providing support for its findings and information on how to effectively use the audit report in legal proceedings. Users are given summaries and user guidelines that distill lending and foreclosure law into a short manageable synopsis, saving hours in research.""
NLA Law Portal allows users to access the database, with the ability to search various summary topics such as alternatives to workout agreements, Truth in Lending Act summary, and HOEPA action steps. State legislation is also available. By selecting a state, users receive current case law and statues in that state. Litigation tools are also displayed when applicable. All summaries, statues, case law, and litigation tools are accessible in menu format allowing for easy navigation and accessibility, the company said.
NLA helps lenders, hedge funds, private equity funds, attorneys, and loan modification professionals expose high-risk loans containing document errors, compliance errors, and underwriting errors. Servicers and investors can readily identify their most troublesome loans, immediately adjust internal strategies, or liquidate high-risk positions when necessary to accurately reflect ROI or future performance, NLA explained.
The company provides quality control, pre-close and post-close auditing, risk assessment consulting, and fraud prevention to the mortgage, legal, and banking industries. NLA’s other services include forensic loan audit, which exposes federal, state, county, and statute violations contained within a loan file, life-of-loan audit, and expert witness.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

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