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Nationwide Title Clearing Blog

How Do Property Reports Help with Compliance?

Posted by Gina Morales on Tue, Jul 21,2015 @ 11:07 AM

We posted this blog early last year but think it's worthy of a re-post.

How can property reports help with compliance to recent regulatory requirements? The $25B Settlement between 50 state Attorneys, Department of Justice and five of the 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:

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Tags: Property Title Search, Compliance, Nationwide Title Clearing, Property Report Service, Ask the Experts, Video

How to Monitor Your Overall Risk on Lien Releases

Posted by April O'Brien on Tue, Jun 10,2014 @ 13:06 PM

Ensuring that lien releases are accurately processed in a timely manner is crucial in monitoring your overall risk. States require lien releases to be submitted to the county recorder usually within a matter of days after the loan is paid in full. While the timeframe differs nationwide, you can potentially face statutory penalties for non-compliance if your documents are not filed in the state's stipulated time frame. Click here to watch industry expert Debbie Lastoria explain how to monitor your overall risk on lien releases.

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Tags: Nationwide Title Clearing, Nationwide Title Clearing; Lien Release Requiremen, NTC, Ask the Experts, Loss Mitigation, Lien Releases

Comparing Land Records to Collateral Files Supports Due Diligence

Posted by April O'Brien on Tue, Jun 03,2014 @ 12:06 PM

A hot button issue right now in loan servicing transfers is faulty source documents. If there are breaks in the beneficial chain between loan origination and the current sale, you need to know about it. During the initial inspection of a file, problems may not materialize for a number of reasons. Watch industry expert Michael O'Connell of Nationwide Title Clearing explain how a comparison of land records to collateral files can help with due diligence.

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Tags: Assignments, Land Records, Collateral Files, Nationwide Title Clearing, NTC, Ask the Experts, National Mortgage News

Why You Need a Solid Signing Authority Database

Posted by April O'Brien on Tue, May 27,2014 @ 14:05 PM

It is extremely important to be certain that all of your documents are signed by individuals that have qualified authority - it is also equally as important to keep databases current and managed properly to ensure that every signature on your documents are legitimately authentic. Watch industry expert Myron Finley of Nationwide Title Clearing explain the pitfalls of a badly managed signing authority database in this National Mortgage News Ask the Experts video.

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Tags: mortgage assignments, Signing Authority Database, Nationwide Title Clearing, NTC, Ask the Experts, Video, National Mortgage News

Why You Need a Final Document Tracking Service

Posted by April O'Brien on Tue, May 20,2014 @ 16:05 PM

An excellent final document service owns the entire process of tracking, imaging, auditing and delivery. Centralizing the tracking, auditing and collection of outstanding documents reduces errors in the process. Offering stringent controls from the beginning, and continuous monitoring, will allow you to quickly identify problems that cost much more downstream if they are not caught. Watch as industry expert Debbie Lastoria from Nationwide Title Clearing explains the downstream benefits of a 3rd party final document tracking service.

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Tags: Nationwide Title Clearing, NTC, Ask the Experts, Video, National Mortgage News, Final Document Tracking

Why You Need AVRs When Assigning Seasoned Loans

Posted by April O'Brien on Tue, May 13,2014 @ 15:05 PM

Assignment Verification Reports are crucial in determining if a loan is a beneficial commodity. Seasoned loans have a high probability of incorrectly prepared assignments located in the chain, which can result in a cloud on the title. It is essential that assignments are prepared by a company that understands the requirements in order to ensure assignment chains remain intact. The best practice would be to order an AVR on any loan with a less-than-certain history to verify that all assignments were prepared and recorded correctly.

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Tags: Compliance; AVR; Assignments; Chain of Assignments, Mortgage Industry, Nationwide Title Clearing, Assignment Verification Report, NTC, Ask the Experts, Mortgage Assignment, Video

Property Reports that Protect Loan Servicers

Posted by Joellen Thompson on Fri, May 02,2014 @ 11:05 AM

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:
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Tags: Compliance; AVR; Assignments; Chain of Assignments, Nationwide Title Clearing, Property Report Service, Assignment Verification Report, NTC, Ask the Experts, Video

Bridging the Gap Between Custodial Reports and County Records

Posted by Joellen Thompson on Tue, Apr 22,2014 @ 14:04 PM

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.

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Tags: Compliance; AVR; Assignments; Chain of Assignments, Nationwide Title Clearing, Assignment Verification Report, NTC, Ask the Experts

How Do Property Reports Help with Compliance?

Posted by Joellen Thompson on Fri, Apr 18,2014 @ 13:04 PM

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:

Read More

Tags: Property Title Search, Compliance, Nationwide Title Clearing, Property Report Service, Ask the Experts, Video

Importance of Property Reports to Loss Mitigation

Posted by Joellen Thompson on Mon, Apr 14,2014 @ 15:04 PM

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

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Tags: Nationwide Title Clearing, Property Report Service, Ask the Experts, Loss Mitigation

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