Nationwide Title Clearing responded to growing concerns regarding title defects by creating accessibility within their website to order property reports. Title defects have become of more and more concern as some feel they can cause wrongful foreclosures and others feel they can contribute to the sluggishness of asset transitions that should otherwise be smooth.
According to Nationwide Title Clearing, or NTC, property records are the key to ensuring a clear title and in helping to reduce the risks. NTC is a leading provider in the mortgage and financial industry, providing individuals the research and document-processing services they need. They have made this process even faster and simpler by making securing property reports online readily available through their updated website.
While most of the time title defects occur because a person or entity lays claim to a property owned by another person or entity, there are also many other factors that could render a title invalid. These factors could include, but are not limited to, previous liens that have not been removed, failure to include necessary signatures, simple issues with document wording, and failure to follow proper document filing procedures.
Due to those reasons, NTC believes that addressing these title defects before the property is sold or transferred is necessary. To assist clients in the ever-evolving mortgage industry, the company has made certain reports available online including tax report status, current owner reports, and assignment verifications.
NTC receives their data from numerous sources during the process and involves both automation and human verification, ensuring that clients receive the proper information. This practice has helped NTC serve some of the largest lenders in the country under severely audited regulations.
NTC’s leadership claims that their process provides accurate results and can even see when a report’s financial impact or ordering of too many documents may not be of use to the client. This success comes from the company having a complete understanding of the results that the clients need and desire.
Founded in 1991, NTC is based in Palm Harbor, Florida. They are a privately-owned research and document-processing provider to the mortgage industry. They service investors and mortgage lenders, including the top 10 mortgage services in the U.S. They are known for delivering a high standard of quality that has set the standard in the industry.
The experts at NTC can track and fulfill document requirements in all jurisdictions, close to 3,600 of them. They specialize in property reports, lien release services, land records research, final document tracking, and other business solutions.