Property report demands have expanded beyond the typical title search. Reports and uses have changed and it may be unnecessary to purchase a full report. Watch as Nationwide Title Clearing expert Debbie Lastoria discusses the different types of reports available and how they can help with due diligence. Click here to watch this National Mortgage News Ask the Experts video.In this video, Debbie discusses these key points:
Nationwide Title Clearing Blog
Nationwide Title Clearing, Inc. (NTC) has announced its participation in the 2014 Relay For Life of Palm Harbor & Tarpon Springs event—for the fifth year in a row—to help raise funds and bring awareness in the fight against cancer. NTC will fight against cancer for the fifth consecutive year at Relay For Life of Palm Harbor & Tarpon Springs, an annual event held to increase awareness and fundraising efforts to benefit the American Cancer Society’s research into finding a cure for cancer. NTC has previously raised a total of over $43,000 in donations for the American Cancer Society and plans to increase that number with this year’s contributions and has reached 80% of their fundraising goal of $11,000 for 2014.
How do AVR's bridge the gap between servicers/custodial status reports, with true live county data? Most property reports do not index chain of assignments, and don't list the flaws within an assignment body - flaws which can make subsequent assignments invalid in certain states. In this video, industry expert and COO at Nationwide Title Clearing, Michael O'Connell, discusses the importance of an assignment verification report (AVR) and how it can help verify the accuracy of information. Click here to watch this National Mortgage News Ask the Experts video.
How can property reports help with compliance to recent regulatory requirements? The $25B Settlement between 50 state AG’s, DOJ and 5 largest banks created new regulatory requirements and has become a standard for loan servicing. In this video, industry expert and Chief Legal Officer at Nationwide Title Clearing, Myron Finley, explains how property reports can help you comply with the most recent regulations. Click here to watch this National Mortgage News Ask the Experts video.
The $25B Settlement has become a standard for loan servicing. The Settlement requires:
In this video, industry expert Debbie Lastoria, from Nationwide Title Clearing, addresses the question ""How important is a property report to the loss mitigation process?" She also discusses why it's important to order a property report at the beginning of the loss mitigation process and recommends best practices including why it's important to be proactive. Click here to watch
Watch NTC's COO Michael O'Connell answer "What are the impacts from new Federal regulations on 3rd party suppliers?" In the past, third party suppliers to banks and mortgage servicers were, to some degree, insulated from the effects of regulations. The recent guidelines from the CFPB, OCC and the Fed, however, appear to have heightened scrutiny on the banks. As a consequence, it also affects the third-party supplier.
The OCC and other regulatory agencies have identified the inadequacy of Enterprise Risk Management (ERM) as one of the main causes of the credit crunch of 2008. In this video, Nationwide Title Clearing industry expert Myron Finley answers how ERM is important in the mortgage industry and addresses ways ERM can mitigate loss and lower your exposure to risk.
Nationwide Title Clearing, Inc. (NTC) officials recently attended the Clearwater Regional Chamber of Commerce's Not-For-Profit Business Council meeting to assist in planning a networking event for young professionals and to also show continued support of philanthropic efforts within the community. The session was called to begin planning an upcoming event to be held in early April, designed to bring local non-profit organizations together with businesses and budding professionals who are interested in philanthropy.
Nationwide Title Clearing, Inc. (NTC) officials recently attended the legislative meeting held at the Greater Palm Harbor Chamber of Commerce to show continued support of elected government officials, in conjunction with an effort to expand the company's CSR efforts within the community.