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May 14, 2009 PRESS RELEASE
National Loan Auditors Forges Alliances
Walnut Creek, California-based National Loan Auditors (NLA) recently announced strategic alliances with two companies – Rapid Reporting and PLATINUMdata Solutions, Inc. NLA explained that the partnerships will allow it to add key information technology components to its US Court Audit solution, which provides forensic analysis of mortgage loans in the bankruptcy process.
NLA said it created US Court Audit to federal legislation that would allow bankruptcy-related, court-ordered mortgage modifications. Although, the cramdown bill was voted down by the Senate in late April, it passed the House earlier this year. And Sen. Richard Durbin (D-Illinois), who sponsored the Senate's version, says he's not giving up on it and will continue to bring the measure to his chamber's floor until it passes there too... >> Read full article
Apr. 20, 2009 PRESS RELEASE
National Loan Auditors' Alliances with Rapid Reporting and PLATINUMdata
Add Information Depth to US Court Audit™
National Loan Auditors (NLA) has formed strategic alliances with two companies -- Rapid Reporting and PLATINUMdata Solutions, Inc.-- adding their cutting edge information technology solutions to US Court Audit™, the comprehensive, forensic analysis of mortgage loan files NLA has designed for participants in the bankruptcy process.
"Our alliances with these two innovative industry leaders add important and valuable dimensions to US Court Audit(TM)," August Blass, founder and CEO of NLA, said. Based on NLA's nationally recognized Forensic Loan Audit Pro(TM), US Court Audit(TM) provides a detailed, independent analysis of loans and the underwriting process, identifying violations of state and federal laws and regulations by lenders, and uncovering evidence of fraud or other improprieties by home buyers, Blass explained... >> Read full article
Mar. 20, 2009 PRESS RELEASE
National Loan Auditors™ Offering New Audit Report Designed for Bankruptcy Judges and Trustees
National Loan Auditors™, a specialist in providing forensic loan audits for attorneys and financial institutions, has developed a new product designed for bankruptcy attorneys, judges and trustees, who will soon be operating under a law allowing judges to restructure residential mortgages in bankruptcy proceedings... >> Read full article
Mar. 2, 2009 PRESS RELEASE
The Role of Due Diligence in the Subprime Mortgage Crisis
August Blass, the CEO of National Loan Auditors Inc., discusses the role that lax due-diligence standards played in creating the subprime mortgage crisis and offers advice on how attorneys can use forensic loan audits to reveal legal violations and protect client assets. In a pivotal episode of the canceled television series "Eli Stone," the senior partner of a law firm has an epiphany that leads him to reinvent his firm into one with great social conscience... >> Read full article
Jan. 27, 2009 PRESS RELEASE
PERSON OF THE WEEK: August Blass Talks About Weeding Out Fraud
Although the bulk of the mortgage industry's efforts seems to deal with stopping preventable foreclosures, there has been no shortage of interest in fighting fraud. August Blass, CEO of National Loan Auditors - a provider of quality control, pre- and post-close auditing, risk assessment consulting and fraud prevention services - discusses the importance of cleaning up the industry's tarred reputation. >> Read full article
Jan. 21, 2009 PRESS RELEASE
National Loan Auditors Appoints New Vice President of Audit Division
National Loan Auditors (NLA), a company providing quality control, pre-close, and post-close auditing, risk assessment consulting and fraud prevention to the mortgage, legal and banking industries, announced the appointment of Elizabeth Koepke as vice president of NLA's Audit Division and lead general council. In this role, Koepke will be responsible for day-to-day management of National Loan Auditors' forensic loan audit process and will assist with strategic development of the NLA brand. She will help increase the efficiency of NLA's forensic loan auditing service, contribute immensely to the lenders services product suite and provide legal counsel to the company. >> Read full article
Dec. 23, 2008 PRESS RELEASE
Mortgage Compliance Issues Solved
Recent compliance offerings -- Three technology firms have beefed up the compliance features of their loan origination systems. Meanwhile, servicers also saw compliance improvements to loss mitigation offerings. >> Read full article
Dec. 22, 2008 PRESS RELEASE
National Loan Auditors Creates Legal Resource for Foreclosures
Walnut Creek, California-based National Loan Auditors (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. >> Read full article
Dec. 22, 2008 PRESS RELEASE
NLA Offers a Legal Resource
Fraud prevention firm National Loan Auditors, Walnut Creek, Calif., is now offering an online resource portal aimed at providing clients with up-to-date information on statutes and case law pertaining to lending and foreclosure. The portal includes status updates on all federal, state and municipal legislation, the company said. "The NLA Law 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," said August Blass, CEO of National Loan Auditors. >> Read full article
Dec. 22, 2008 PRESS RELEASE
National Loan Auditors Announces Online Law Portal Feature
WALNUT CREEK, CA - Walnut Creek, Calif.-based National Loan Auditors (NLA), a company providing quality control, pre-close, and post-close auditing, risk assessment consulting and fraud prevention to the mortgage, legal and banking industries, 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. >> Read full article
Dec. 22, 2008 PRESS RELEASE
NLA Offers a Legal Resource
Fraud prevention firm National Loan Auditors, Walnut Creek, Calif., is now offering an online resource portal aimed at providing clients with up-to-date information on statutes and case law pertaining to lending and foreclosure. The portal includes status updates on all federal, state and municipal legislation, the company said. NLA Law 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," said August Blass, CEO of National Loan Auditors. >> Read full article
Dec. 19, 2008 PRESS RELEASE
National Loan Auditors Announces Online Law Portal Feature
"The National Loan Auditors 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. >> Read full article
Dec. 03, 2008 PRESS RELEASE
New Mortgage Fraud Prevention Services Company Launched
The need in the current mortgage market to provide an in-depth look at loan
portfolios and financial documents to expose hidden liabilities and potential
fraudulent activity has risen substantially in the wake of the banking and credit
meltdown. As a means of providing risk assessment consulting and mortgage fraud
prevention to the mortgage and banking industries, as well as in-depth forensic
loan audits, a mortgage industry exec has launched a new company to offer
quality control, pre- and post-close auditing, risk assessment consulting and
fraud prevention. >> Read full article
Nov. 24, 2008 PRESS RELEASE
Society for the Preservation of Continued Homeownership Selects National Loan Auditors for Forensic Loan Audits
WALNUT CREEK, Calif.--(BUSINESS WIRE)--Walnut Creek, Calif.-based National Loan Auditors (NLA), a company providing quality control, pre-close, and post-close auditing, risk
assessment consulting, and fraud prevention to the mortgage and banking industries, has been selected by New Jersey-based Society for the Preservation of Continued Homeownership (SPOCH), who facilitates favorable mortgage loan workouts through forensic audits. NLA is a neutral third-party assisting entities with loan auditing solutions nationwide. >> Read full article
Nov. 24, 2008 PRESS RELEASE
"After interviewing many companies, I felt that NLA offered the
greatest value, convenience and customer service," said David
Petrovich, executive director, SPOCH. "My objective is to
negotiate favorable modification terms for homeowners. We are
an advocate for NLA's forensic loan audits as a tool to help
homeowners compel their uncooperative lenders' approval of
favorable workout terms, thereby enabling homeowners to save
their homes." >> Read full article
Nov. 24, 2008 PRESS RELEASE
NJ Homeownership Society Employs National Loan Auditors for Workout Assessments
New Jersey's Society for the Preservation of Continued Homeownership (SPOCH),
a non-profit group which facilitates favorable mortgage loan workouts, has selected
Walnut Creek, California-based National Loan Auditors (NLA) to administer forensic
loan audits. NLA is a newly formed loss mitigation company assisting attorneys and
loan modification professionals with loan auditing solutions nationwide, providing
quality control, pre-close, and post-close auditing, risk assessment consulting, and
fraud prevention to the mortgage and banking industries.
>> Read full article
Nov. 24, 2008 PRESS RELEASE
Mortgage Auditors Help People Fight Foreclosure
Mary Everleigh nearly lost the house she's owned since 1986 to a fast-talking financier - until Stephen Dibert combed through her mortgage papers and realized
the woman had fallen for a scam. August Blass of California-based National Loan Auditors thinks the housing boom led to lots of flawed loans because "things were going 1,000
miles an hour, so (banking) fundamentals were lost."
>> Read full article
Nov. 19, 2008 PRESS RELEASE
August Blass, a former wholesale mortgage executive, has started a company that will provide quality control, risk assessment, and fraud prevention services to banks and lenders.
The Walnut Creek, Calif., company, National Loan Auditors Inc., said Monday that it will "assist loan modification professionals,
review loan documents for errors or misrepresentations
and help in reducing the high foreclosure rates that have become the real estate market."
Mr. Blass is a former Western regional correspondent manager for Wholesale Lending Online in Millbrae. He also worked for No Red Tape,
Trans Capital Mortgage LLC, Residential Capital Corp, and American First Mortgage, and founded Lenders Interactive Online Network.
In the 1990s he wrote "Internet Strategies for the Mortgage Banking Industry," published by Faulkner & Gray, which is now part of SourceMedia Inc.
"There is a need in the current market to provide an in-depth look at loan portfolios and financial documents to find potential errors and expose hidden liabilities," Mr Blass said in a press release Monday. National Loan Auditors "will help financial institutions save millions in foreclosure dollars."
Nov. 17, 2008 PRESS RELEASE
Mortgage Industry Veteran Launches National Loan Auditors
National Loan Auditors' flagship product, Forensic Loan Audit Plus, exposes federal, state, county and statute violations contained within a loan file. Utilizing auditing and compliance technologies, NLA offers a comprehensive report containing a forensic loan audit with compliance analysis, post closing underwriting and analysis... >> Read full article
Nov. 17, 2008 PRESS RELEASE
Pre-Close, Post-Close Audit and Assessment
WALNUT CREEK, Calif. - Chief executive officer, August Blass, announces the launch of Walnut Creek, Calif.-based National Loan Auditors (NLA), a company providing quality control, pre-close, and post-close auditing, risk assessment consulting, and fraud prevention to the mortgage and banking industries. The company was developed to assist loan modification professionals review loan documents... >> Read full article
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