NES Financial recently announced the addition of the EB-5 Immigration Workflow solution to the company’s existing suite of EB-5 products. NES Financial is the leading provider of solutions designed specifically for the EB-5 industry, which improve operating efficiency while increasing security, transparency, and compliance for all stakeholders.
EB-5 Immigration Workflow reduces the risk and operational overhead involved with tracking and managing the immigration status and information flow (including fund balance, loan servicing data, etc.) between the Regional Center, investors, immigration attorneys, and the USCIS. This saves Regional Centers time that can be used to focus on successfully developing the project.
The purpose-built EB-5 solution creates a complete audit trail of the investor’s immigration status and integrates with the fund tracking solution to help Regional Centers make sure no steps are missed and all deadlines are met. The cloud-based solution provides comprehensive reporting and includes EB-5 specific features such as alerts for time-sensitive actions required for individual investors. As with all NES Financial solutions, users of the solution can be granted access to view the status of their filings, reducing the burden on the Regional Centers, attorneys, and agents to provide them with this information.
This new solution enhances the company’s existing EB-5 Escrow and Fund Administration Solutions. The EB-5 specific immigration platform integrates directly with NES Financial’s EB-5 Fund Administration Solution, provides critical data required for job creation substantiation, meets the reporting requirements of USCIS regulations, and offers one location for viewing and storing all documents, dates, and investment balances.
“The absence of a purpose-built solution for the EB-5 industry has forced many issuers such as Regional Centers to piece together combinations of tools such as spreadsheets, CRM systems, and virtual file rooms to meet their operational needs and the needs of their investors,” said Reid Thomas, NES Financial Executive Vice President. “Adding EB-5 Immigration Workflow to our suite of EB-5 solutions gives issuers a comprehensive solution set that will dramatically improve their operational efficiency, reduce the risk of noncompliance, and enable them to focus on doing what they do best.”
EB-5 Immigration Workflow will be introduced during NES Financial’s upcoming 2014 Success Strategies for EB-5 Regional Centers seminar series. The seminars will take place February 4th, 6th, and 11th in New York, Miami, and Los Angeles respectively. Space is limited, so please contact an NES Financial Representative for more information.
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