Daily News and Information for the Mortgage Loan Originator
National Loan Auditors Announces Online Law Portal Feature
Monday, December 22, 2008
- National Loan Auditors
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. 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.
“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 log in to the database using an established username and password. Once access has been granted clients have 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 will receive current case law and statues in that state. Litigation tools will also be displayed when applicable. All summaries, statues, case law and litigation tools are accessible in menu format allowing for easy navigation and accessibility.
