Nationwide Title Clearing, Inc. (NTC) announced that it was making the process of acquiring property reports easy through online ordering on 10th June 2014. Nationwide Title Clearing, Inc. decided to make the online ordering of property reports following the public outcry on title defects. Title defects recently caused a big issue of concern in the real estate industry. It is believed that they resulted in wrongful foreclosures and stagnation of smooth transition of assets. The officials at NTC noted that property records were essential in minimizing buyback risk and ensuring a clear title conveyance. Read more: http://www.nationalmortgagenews.com/press_releases/nationwide-title-clearing-revamps-website-online-ordering-available-1041942-1.html
NTC is the leading company that provides research and document-processing services in the financial and mortgage market. The company launched an updated website recently. It has made the process of acquiring property reports easy. John Hillman is the CEO of NTC. He stated that title defects occurred for reasons such as:
- Failing to follow procedures in recording and filling when recording documents in real estate.
- The document having issues with wordings
- Not taking out previous liens and encumbrances
- Failure to add the signature of a necessary party, for instance, a spouse.
John confirms that the reasons above are what motivated the company to address the issue of title defects. The title defects should be dealt with before any transaction is made. John stated that NTC had availed the following reports through online ordering in a move to help the evolving mortgage industry:
- Current Owner Report
- Tax Status Report
- Assignment Verification Report Services
- Tax Status (plus) Report
John Hillman stated that the property report services offered by NTC are based on research that is conducted from land records that are reliable. The reports can be accessed by any residential property in the nation. He said this when he made the new announcement. NTC acquires data from many sources during its process, particularly the counties. It also includes automation with human verification. This practice has enabled NTC to service the majority of the US largest lenders successfully.
Nationwide Title Clearing, Inc. was established in 1991. It is based in Palm Harbor. The company is a privately-owned firm. It services investors, Servicers, and mortgage lenders. NTC is known all over the world for offering research services of the highest level of accuracy and processing quality documents that have set standards in the mortgage and real estate industry. The company also helps the mortgage banking industry and preserves the land records of the nation. The specialties of NTC are in property reports, land record research, lien release services, final document tracking, assignment services, document retrieval, and many others. NTC was ranked position 26 out of 50 fastest growing companies in Tampa Bay. NTC was awarded the Inc. Hire Power Award for getting Americans back to work in 2013.