Recently, title defects have become a very large cause for concern in the real estate industry. Some people believe title defects cause wrongful foreclosures and some feel they help the stagnation of transitioning assets. Nationwide Title Clearing, Inc. believes that property records are the key to ensuring clear title transference and significantly reduce the risk of buyback and foreclosure.
Nationwide Title Clearing (NTC) is a leading research and document-processing provider that works for the financial and mortgage industry. They have taken steps towards simplicity when it comes to the process of securing property reports. NTC has recently created a website that makes property reports available online.
Most title defects in the industry occur when a person and persons lay claim to a property that is owned by someone else. There are however, other factors that could render the title invalid. Those factors can include failure to include a necessary party’s signature, simple issues with wording in the document, previous liens and other encumbrances, or failure to follow proper filing procedures. Because of those factors, NTC CEO John Hillman believes that addressing any and all title defects before the property is sold is absolutely necessary.
In their endeavor to help the ever-evolving mortgage industry, NTC makes the following reports available through their website for ordering: Tax status report, current owner report, and assignment verification report services. They make it their goal to give a simple, fast process of securing these reports and state that their services as based on tremendous research from land records that are accessible for any property in the country.
NTC gets their data from many sources during this process and verifies all of their information by human hands. This ability has given them the ability to service some of the largest lenders in the country under heavily audited compliance regulations. NTC states that their process gives extremely accurate results and lends its success to having a complete understanding of the end result of the process.
Nationwide Title Clearing, Inc. has earned recognition as a Tampa Bay Times Top 100 Workplace for the last six years. They have a five-building campus in Pinellas County, Palm Harbor, Florida. The company was founded in 1991 and has grown to be one of the biggest lien release providers in the world.
NTC employs over 450 employees in their local offices and have recently expanded to Dallas, Texas. Their new location includes a state-of-the-art data center than continuously ensures that NTC’s services will never be impacted by any emergencies. NTC’s experts can track and fulfill document requirements in all 3,600 jurisdictions in the country.