NES Financial Completes SSAE 16 Examination

NES Financial Completes SSAE 16 Examination

EB-5 Visa, EB5 Visa, EB-5 Investment

Independent examination confirms company’s operational excellence.

NES Financial, a FinTech company with leading fund administration, loan servicing, EB-5 administration, and 1031 tax deferred exchange services, announced today the successful completion of its annual compliance examination.

Formerly known as SAS 70, the SSAE 16 SOC 1 Type II examination is a recognized compliance and controls standard from AICPA used by leading financial services companies and service providers across the financial industry. The examination mandates an in-depth review of key control objectives and procedures throughout the company’s control environment. NES Financial’s examination includes technology, information and data, financial and security processes. Conducted by Moss Adams, one of the leading CPA firms in the country, the examination reviews the design of controls and operating effectiveness of the identified key control areas of NES Financial.

NES Financial is the leading provider of technology-enabled solutions for the efficient back and middle office administration of complex financial transactions. The company’s Fund Administration Solution services $18B in real estate funds nationally. The Intelligent EB-5 Solution Suite has been used on over 450 projects representing more than $20B in capital. NES Financial is also the largest independent 1031 qualified intermediary in the country, processing $75B in exchange funds on a yearly basis.

“NES Financial was founded on the principles of bringing security, transparency, and compliance to complex financial transactions,” said Michael Halloran, NES Financial Chairman and CEO. “Clients rely on us to deliver these things, and completion of the SSAE examination is an important measure that demonstrates NES Financial’s continued commitment to industry best practices.”

Along with SSAE 16, NES Financial also complies with OCC and BSA third-party vendor requirements for financial institutions. As a result, NES Financial’s operations meet the financial needs of the country’s leading public companies that must comply with Section 404 of the Sarbanes-Oxley Act, the Bank Secrecy Act, Gramm-Leach-Bliley Act, and other industry regulations.

About NES Financial 

NES Financial is a Silicon Valley financial technology (FinTech) company providing technology-enabled solutions and services for the efficient back and middle office administration of complex financial transactions. Serving private equity, commercial real estate, and Fortune 1000 clientele, we offer industry-leading fund administration, loan servicing, specialized EB-5 administration, and 1031 tax deferred exchange services. Our unwavering commitment to data security, operational redundancy, and compliance reporting is evidenced by 11 consecutive years of successful independent audits of our technology, processes, and financial controls. Today, NES Financial services over 190 funds, administers over $75B of 1031 assets annually, and has worked with over 450 EB-5 projects.



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