HedgeLender Strengthens Verification and Security Systems
Fred R. Wahler, Vice President, noted that "In today's environment, standard security efforts are simply insufficient for financial professionals. Whether it's a mortgage application or a securities loan application, verification and disclosure - always important - are now critical." Wahler noted that even companies that stress compliance and good business practices can find themselves involved unknowingly with individuals or firms that have hidden facts or misrepresented their abilities. "It's not enough to be a straight shooter in today's financial world. You need to take the extra step and verify, verify, verify" he said, underscoring that the more easier-going due diligence standards of just a few years ago are simply not possible - or wise - today. Polls continue to show that the public expects a far higher standard of due diligence from banks, brokerages, and financial advisors than at any time since the Great Depression. To this end, HedgeLender LLC now markets only loan programs operated by major US SIPC-member banking/brokerage institutions which offer licensed account advisors and where the shares do not change title or name but remain in the borrower's account through the entire loan term. "We feel that this is the type of program, with maximum client control and access, and licensed advisory services provided by a fully regulated institution, that the market today demands", Wahler said. HedgeLender now also employs the URU international background checking system for multi-database verification of client and affiliate identity, as well as the Criminal Searches database (http://www.criminalsearches.com/) and the government's Pacer legal records system (http://pacer.uspci.uscourts.gov/) on a regular basis so as to obtain a complete picture of all parties interacting with the company, from lenders to affiliates to clients themselves. "Our goal is to ensure that when a client comes to us, he is getting proof that his securities are being handled in a professional, secure, and legally compliant manner by a lender with documented assets sufficient to service the loans. We realize that in today's climate, traditional vetting and asset verification are simply insufficient", Wahler noted. HedgeLender LLC has been in business since 1999 and is licensed under the California Board of Corporation's Finance Lender law. It has been an A+ Accredited Business with the Better Business Bureau since 2004. For further information please contact: Fred. R. Wahler Contact here |
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