Nationwide Title Clearing, Inc. (NTC) responded to calls for action regarding title defects with their new online ordering system. Title defects have become more and more of a cause for concern in the real estate market. Some feel title defects could lead to wrongful foreclosures and some believe that they can lead to sluggishness in the transition of assets.
According to NTC executives, ensuring a clear title conveyance relies on property records. Property records can reduce the risk of buyback. Because of this, NTC took steps to ensuring the process of securing property reports is simplified for their clients by launching an updated website that makes those property records available online.
NTC, a leader in document processing, is a leader in financial and mortgage industry. The company knows that the most common title defect occurs when an entity or other person lays claim to a property that is owned by somebody else. While this may be the most common occurrence, NTC also knows that other factors can occur, like any previous liens that have not been removed, the failure to include a necessary signature, the failure to follow proper filing procedures, or even simple issues with the document’s wording.
Because of all of these factors, NTC knows that addressing any and all title issues before the property is transferred is key. In an effort to help their customers, NTC has made the following available through their online ordering portal: tax status reports, current owner reports, and assignment verification report services.
NTC makes this process fast and simple for their clients. Their property report services are based on research that is based on land records that are available for any property in the country. NTC gathers their data from numerous sources, which includes both automation and human verification. This ability to verify data has helped NTC serve some of the largest clients in the country under heavy audited compliance regulations.
Nationwide Title Clearing was founded in 1991 and is based out of Palm Harbor, Florida. They are a privately owned document-processing service provider and services investors and mortgage lenders, including 8 out of the 10 top mortgage servicers in the country. They are known for providing their clients with the highest level of accuracy that has set the industry standard.
NTC’s experts can track and fulfill county document requirements in every single jurisdiction in the country; all 3,600 of them. Their expansion has been tied to their industry contributions and passion for community. NTC is currently ranked 26th on Fast 50’s Awards list for fasting growing companies in Tampa Bay.