Nationwide Title Clearing is a well-established expert audit, research and document-processing provider for the country’s largest lenders, servicers and investors. It boasts of qualified and experienced land documents and records specialists. These experts are not only in a position to track but also fulfill all the county document requirements in over 3600 recording jurisdictions around the US.
NTC is driven by its objective to deliver a top level of accuracy in document research and processing services. These services safeguard homeowners and aid the mortgage banking industry while preserving the country’s land records.
NTC Revamps its Website
The Nationwide Title Clearing made a move to solve the issue about title defects by revamping its website. NTC made a move in response to increasing title issues in the real estate market. Various concerned parties attribute the wrongful foreclosures and stagnation of the transition of assets in the secondary market to such defects.
The NTC not only revamped its website to ensure that property records were readily accessible via online ordering. The company also reiterated that property records were the gateway to facilitating a proper conveyance of title and minimizing the buyback risk.
Causes of Title Defects
Generally, title defects come about when an entity or individual lays claim to a property that is owned by another party. Here are some of the other factors that can invalidate a title.
- Failure to adhere to the filing or recording procedures when recording real estate records or documents.
- Simple problems with wording in the document, which do not comply with area’s real estate market standards.
- Failing to include a signature belonging to an important party to the particular transaction.
- The title must be free of any encumbrances for it to be marketable.
According to Hillman, the CEO of NTC, it is important to address any existing title defects before a property is sold or transferred to another party. For this reason, National Title Clearing has availed various property reports including:
- Tax Status Report
- Tax Status Report
- Assignment Verification Report Services
- Current owner report
A Give-Away Luxury Vacation
The Nationwide Title Clearing holds a well-founded reputation for being the premier post-closing services provider for the country’s top servicers, investors and financial institutions. During last year’s Mortgage Bankers Association’s Annual Convention and Expo, NTC offered a giveaway luxury vacation to any lucky individual who would visit the company’s booth #529. The luxury vacation included a two-night stay at the four-star Sandpearl Resort & Spa on Clearwater Beach and roundtrip tickets.