NES Financial Continues to Reinforce Their Leadership Position

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NES Financial (NESF), a leading provider of trust and escrow administration solutions for the banking industry and Fortune 500 companies, is announcing their strong momentum built from 2010 progressed into a substantial first quarter. The last 90 days at NESF demonstrated continued growth in existing 1031 and EB-5 Administration areas, with significant product enhancements and innovative solutions for new markets.

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“We continue to pursue areas where our solutions can improve operational efficiency for banks, leverage capital for Fortune 500 customers and protect clients’ funds,” said Michael Halloran, President and CEO of NES Financial.

NES Financial (NESF), a leading provider of trust and escrow administration solutions for the banking industry and Fortune 500 companies, is announcing their strong momentum built from 2010 progressed into a substantial first quarter. The last 90 days at NESF demonstrated continued growth in existing 1031 and EB-5 Administration areas, with significant product enhancements and innovative solutions for new markets.

Specifically during the first quarter of 2011, NESF:

  •     Released the latest version of its industry leading eSTAC technology platform. Such enhancements include a new dashboard layer that allows clients to enjoy increased transparency with their complex financial transactions across a range of banking partners.
  •     Introduced its new Pre-Need Trust Administration Solution at the ICCFA event in Las Vegas. With increasing instances of abuse in the $20 billion sector, the NESF solution based on principles of security, transparency and compliance built into our industry-leading 1031 solutions, is a positive step forward.
  •     Took a leadership role by participating in IIUSA’s best practices committee to offer their EB-5 Escrow Administration Solution. NESF’s presence provides IIUSA’s EB-5 escrow administration with industry leading, customizable and fully compliant third-party administration solutions for EB-5 escrow transactions. Our innovative methods for EB-5 transactions combine real-time secure and web-based technologies with advanced automated administration processes.
  •     Extended its position as the industry leader in EB-5 Escrow Administration with the addition of three new regional centers.

“We continue to pursue areas where our solutions can improve operational efficiency for banks, leverage capital for Fortune 500 customers and protect clients’ funds,” said Michael Halloran, President and CEO of NES Financial. “We initially established NESF to help companies keep their business finances safe from risk and secure during 1031 exchanges. With our technological enhancements, we are rapidly able to extend our solution across various sectors. Our Pre-Need solution is an excellent example.”

On May 24, 2011, NESF will extend their services again by grouping a panel of financial experts to discuss in-depth information regarding the EB-5 solution.

For more information on eSTAC and NES Financial solutions for 1031 exchanges and multi-party trust and escrow administration, contact NES Financial at (800) 339-1031 or by visiting http://www.nesf.com.

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About NES Financial
NES Financial (NESF) is the nation’s leading provider of secure, transparent and compliant financial administration and 1031 exchange solutions for Fortune 500 companies, financial institutions and law firms. Combining proprietary state-of-the-art technology and outstanding client services with subject matter expertise in trusts, escrows and 1031 exchanges, NESF delivers flexible and scalable solutions that safely process over 70 billion dollars each year.

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Laura Kelly
NES Financial
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