Nationwide Title Clearing is a privately owned company providing expert research and document processing services to the residential mortgage industry. Based in Palm Harbor, the company was founded in 1991. According to the company leading executives, assets records possess the key to ensuring a smooth title transfer and reduce the risk of buyback or lack of ability to foreclose. Nationwide Title Clearing (NTC) has made deliberate steps to ensure that the process of securing possessions records simple. The company has a website that makes the records available online.
Title defects may occur because a person or an entity has laid claim to a property that is a possession of another person. However they may include other factors such as the fact that the document has not complied with the standards for the area due to the wording in the document, lacking signature from a spouse which is a requirement to the transaction, presences of the previous liens and other encumbrances, failure to adhere to the necessary procedures when recording property document. NTC says that it is important to solve problems that arise as result of title defect before the property is transferred.
The goal of NTC is to provide a simple, step-by-step process of securing assets records and making this process efficient. The company’s report services are founded on the research done from real land documents and can be found for any domestic property national wide.
NTC gets data from several sources in the course of its process and an essential source is counties, it involves automation combined with human verification a procedure that has given NTC the capability to succeed in providing services to the largest lenders in the U.S. under the most important and comprehensively audited compliance regulations.
According to the NTC officials, the NTC’s process gives accurate results for what the report is intended, even identifying a records financial impact if a client is gathering too many fields and extra documents that can be used to the end user.
NTC is also offering an innovative training, this is a two days training that can be delivered at the trainee location choice. The training is meant to give the residential lending industry ecosystem a clear and untestable to the clients. Furthermore, the training clarifies process in industry and the importance of upholding integrity records across all counties in the US. The benefits can be noted because of the company’s 99.9% rate across its service line.