Enhanced Transactional Transparency and Funds Security Prove to be Major Market Advantages for the Washington-based EB-5 Regional Center
San Jose, CA, November 30, 2011–NES Financial, a leading provider of escrow administration technology and services for the EB-5 industry, announced that Washington Regional Center has successfully deployed NES Financial’s EB-5 Escrow Administration Solution.
The EB-5 program encourages investment in government-approved projects that create U.S. jobs and provide foreign nationals with the opportunity to become lawful permanent residents. Leading EB-5 regional centers, like Washington Regional Center, hold the investor’s deposit in an escrow account, pending approval from the investor’s I-526 application by the U.S. Citizenship and Immigration Services (USCIS). Washington Regional Center—approved by the USCIS earlier this year—raised $47.7 million for their public infrastructure projects for seven different counties, including King, Pierce, Thurston, Grays Harbor, Mason, Lewis and Pacific. Washington Regional Center is using the NES Financial EB-5 Escrow Administration Solution to streamline their escrow process and provide transactional transparency and an unsurpassed level of funds security to the investors.
“We are pleased that the highly recognized Washington Regional Center has selected our solution in order to improve their administrative efficiency during the EB-5 Escrow process,” said CEO and President of NES Financial, Michael Halloran. “Our recent agreement with Washington Regional Center demonstrates their commitment to best practices for their investors.”
“NES Financial’s EB-5 solution is an excellent match for the needs of our Regional Center,” said Michael Mattox, Principal. “The improvements in efficiency afforded by their technology and services-based solution allowed us to be highly responsive to the needs of our investors.”
Leading EB-5 regional centers, financial institutions and Fortune 500 companies currently use NES Financial’s proprietary eSTACTM technology and escrow solutions in administering a wide range of complex financial transactions. The EB-5 Escrow Administration Solution is an ideal fit for regional centers committed to deliver the highest levels of funds security and transparency for EB-5 investors.
Click here for more information on NES Financial’s EB-5 Escrow Administration Solution.
About NES Financial
NES Financial (NESF) is a leading provider of trust and escrow administration technology and services for banks, other financial institutions and Fortune 500 companies. The company’s state-of-the-art virtual private cloud-based solutions provide banks and financial institutions with increased fee revenue opportunities, reduced compliance costs and improved operating efficiency. NES Financial focuses on business sectors with complex processes, significant compliance requirements, and large sub-accounting needs, including landlord/tenant security deposit escrows, client trust accounts, capital raises, pre-need trusts and many more. NES Financial was recently ranked in Inc. magazine’s Inc. 500|5000 list of fastest-growing businesses in America.
About Washington Regional Center
Access the USA, LLC (AUSA), (dba Washington Regional Center), is a limited liability company established in Washington State in 2009 to manage the overall operations of the Washington Regional Center.
AUSA was formed to create permanent jobs in Washington State. The primary services provided by AUSA will be the provision and management of investment opportunities to foreign investors that will benefit the regional economy through job creation and economic growth. For more information please visit www.accesstheusa.com.