NTC’s successful opening of its new 32,000 square foot File Services facility has enabled us to bundle core services to support life of loan collateral obligations, which effectively lower the overall cost of servicing while strengthening quality and compliance. This results in the elimination of redundant tasks and the expense of multiple parties working or touching the same collateral files with similar objectives.
Read MoreTags: Final Document Processing, Collateral Files, Lien Releases, Mortgage Assignment, Final Document Tracking, life of loan, Nationwide Title Clearing, Inc, Collateral File Audits and Remediation
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.
Tags: Compliance; AVR; Assignments; Chain of Assignments, Mortgage Industry, Nationwide Title Clearing, Assignment Verification Report, NTC, Ask the Experts, Mortgage Assignment, Video
eRecording is consistently gaining ground in the mortgage industry, and Nationwide Title Clearing, Inc., (NTC) believes the modern system trumps conventional paper recording by saving valuable resources and allowing mortgage lenders and servicers to increase focus on important issues such as compliance and accuracy.
Tags: Mortgage Assignment, Nationwide Title Clearing; eRecording; Lien Releas
