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By December 1st, 2011 Federal Bankruptcy Courts will mandate that all Notices be
filed with the courts. No exceptions.
Bankruptcy Judges and Trustees are now actively scrutinizing Proof of Claims and
Claim Transfers for errors and omissions. There is zero tolerance for errors.
These rulings and mandates reflect a world of tougher rules and regulations, and
the risk of litigation for loan servicers has never been greater. NCF was created
to help members of the financial services industry and bankruptcy practitioners
eliminate risk, reduce overhead and save money.
NCF presents the financial services
industry with a single point fully automated hands-free proof of claim preparation
and risk management system. This technology has been created for use by investors,
mortgage loan servicers, financial service companies and law firms with a bankruptcy
law practice.
NCF performs these key functions:
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