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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:

Automates the preparation of the Proof of Claim, attaches all necessary supporting documents, and files the Proof of Claim with the correct court in accordance with their specific filing conventions.
   
Audits for compliance in accordance with the unique rules of each bankruptcy court district.
   
Automates bulk claim transfers and scrubs each claim for anomalies and errors.
   
Automates the process of creating and mailing notices to debtor, debtor's attorney and trustee. Notices include payment changes, post-petition payments, HAMP and escrow.
   

Whether you are filing a single Proof of Claim or transferring large pools of claims; NCF revolutionizes a process that is time consuming and prone to human error and litigation risks.


   
 
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    "In today’s loan servicing landscape, the preparation of a Proof of Claim requires pinpoint accuracy and attention to every detail. NCF's Litigation Audit Module ensures that all critical issues are identified before the Proof of Claim is filed with the bankruptcy court."
   

 

William Malcolm, Malcolm Cisneros Attorneys at Law, Irvine, CA

   

 

 

    "I was very pleased to discover that one of our AFN members is leading this important development. This emergent technology has demonstrated that it is the right tool for the right time in our industry history. NCF's litigation audit function is sure to become a “must have” tool for everyone involved with the preparation of a Proof of Claim in today’s environment."
   

 

William M. LeRoy, President & Chief Executive Officer, American Legal and Financial Network

 

 
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