2008-11-17 22:14:02 -

www.nlaudit.com - Chief executive officer, August Blass, announces the launch of Walnut Creek, Calif.-based cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fwww .., 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 for errors or misrepresentations and help in reducing the high

foreclosure rates that have overcome the real estate market.
"NLA will serve as a catalyst to providing preventive measures for real estate industry professionals to review and assess the risk of loan documents prior to close," said August Blass, CEO, National Loan Auditors. "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. NLA"s solutions will help financial institutions save millions in foreclosure dollars by providing them with an accurate report of which loans present the most risk and from there the appropriate measures can then be taken to mitigate losses."
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, and a summary of applicable statues and controlling case law.
NLA"s other services include, life-of-loan audit, expert witness, and NLA law portal. "As the needs of the industry progress so will our services, we are committed to setting the standard," said Blass.
For a complete list of NLA"s services visit the Web site at cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fwww .. or call 877-670-8822.
About National Loan Auditors (NLA)
Founded by a financial services executive veteran, August Blass, National Loan Auditors" services help attorneys and loan modification professionals expose and litigate mortgage document compliance errors. Servicers and investors can readily identify potential risk, adjust internal modification or workout strategies or liquidate high-risk positions when necessary to accurately reflect ROI or future performance. NLA is headquartered in Walnut Creek, Calif. and currently supplies a full range of quality control, pre-close, and post-close auditing, risk assessment consulting, and fraud prevention services to the mortgage, banking and legal industries. NLA is a neutral third party assisting entities with loan auditing solutions nationwide. For additional information visit cts.businesswire.com/ct/CT"id=smartlink&url=http%3A%2F%2Fwww ...


For National Loan Auditors

Media Contact:

Meredith Boyd, 678-781-7219