Nationwide Title Clearing (NTC) explains the benefits of their assignment services in this newly released video. Many details go into the transfer of mortgage ownership and incorrectly prepared assignments can result in snags which stop the transfer in its tracks. Click here to see how the Nationwide Title Clearing assignment process works.
Nationwide Title Clearing Blog
In a newly released video Nationwide Title Clearing (NTC) explains their document retrieval process and how it benefits mortgage lenders, servicers and investors in their quest for recorded documents. NTC is an industry leader because they fulfill your document requests accurately and promptly. They do this by utilizing an internal search team with over 20 years of experience as well as a nationwide abstractor network to ensure that required documents are located in the most cost-effective manner possible. To see what sets NTC apart in document retrieval, click here.
Nationwide Title Clearing (NTC) employees donated 76 pounds of food and collected $90 as part of their summer food drive to benefit F.E.A.S.T. (Food Emergency And Services Team) Palm Harbor Food Pantry in July. FEAST Pantry is a not-for-profit, non-sectarian organization that relies on the generosity of our local service community - individuals and groups - to provide financial support and food for local families in need. Everyday local businesses such as Publix, Starbucks and Panera Bread donate food. Neighbors volunteer their time to sort, pack and hand out groceries. The Boy Scouts and local letter carriers conduct food drives to supply the pantry with over 25 tons of food - and it is still not enough!
Nationwide Title Clearing (NTC) recently lent their time and resources to the 6th annual Palm Harbor Citrus Festival. Employees volunteered at this community event that brought together many local businesses and encouraged members of the area to engage in the festivities. The Greater Palm Harbor Area Chamber of Commerce started this event to celebrate its early residents that established the area as a fishing, cattle, farming and citrus community. The Citrus Festival provides an avenue for local businesses to commemorate the community's heritage and support neighborhood events.
In this recently released video, Nationwide Title Clearing (NTC) explains how its Final Document Processing services help mortgage lenders and servicers improve investor relations, lower percentage of missing documents, and reduce the risk of penalties or buy-backs. With loan origination volumes continually fluctuating and county requirements always changing, mortgage lenders and servicers across the nation turn to NTC to help them stay on top of these details. NTC's proven technology and expert knowledge go above and beyond to ensure every detail is extensively monitored. Click here to watch how Nationwide Title Clearing's Final Document Processing works.
Habitat for Humanity dedicated their 301st home in Pinellas County yesterday to the Jacques Family. NTC volunteers were thrilled to see the family receive the keys to their new home and join in the dedication. Volunteers, families, and donors gathered to celebrate the completion of the residence in Clearwater with a traditional Habitat dedication ceremony. The festivities kicked off as the Jacques family was presented their first official piece of mail from Valpak that contained coupons and a check to help get them started with everything they need. The gifts continued with the presentation of the hammer, an energy box from Duke Energy, a bible, a flag and a welcome mat. The presenting of the keys was initially supposed to be done by the general manager of Clearwater Toyota who is a sponsor of this event who happily passed the keys over to a life-long friend of the new homeowner. Morgan Jacques then spoke to the group and thanked everyone and accepted her gifts with tears of joy and explained that she can't wait to pay it forward by helping her new next door neighbor complete her home. Morgan put in her "sweat equity" (250+ hours) for her home all while completing her master's degree and being a single mom.
Nationwide Title Clearing representatives will have a busy schedule June 17-19th as they will be attending three separate conferences in Virginia and New York. NTC is thrilled to be sending two new company representatives as well as some of the more experienced veterans of the industry to the MERS User Conference in Reston, VA, the Distressed Residential Mortgage Summit in New York City, NY and the Mortgage Bankers Association Document Custody Workshop in Virginia.
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.
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.
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.