Nationwide Title Clearing offers PerfectChain(SM) an extensive assignment verification report service for mortgage lenders, servicers, investors and attorneys. This process is accomplished by conducting a thorough collateral document review and mortgage/assignment chain audit of land records. Through NTC’s PerfectChain(SM) process, NTC has established best practices that set a new industry standard for accuracy.
To learn more about this process, please fill out the form at the right to receive the Understanding Current Assignment Verification Practices White Paper today.
PROCESS FOR DELINQUENT LOANS
Additionally for delinquent loans, many agencies require servicers to maintain a process that verifies the status of the mortgagee of record at least as early as the 90th day of delinquency. In all circumstances, the execution of an assignment (to the party in whose name the foreclosure will be conducted) must be prepared and executed if required, prior to any attorney referral. In many cases the recordation of the assignment must be completed before a foreclosure can begin.
A key component of compliance to these agency requirements is that you have reviewed and verified that the entire assignment chain is complete and free of defect by 90 days of delinquency. Fatal broken assignment chain errors must be identified in the process, and remediated if possible, long before a foreclosure referral. NTC can assist you with this process by identifying documentation problems early in the process.
LAND RECORDS EXPERTS
NTC’s key strengths reside in the company’s land records/document experience and technology. NTC’s ability to perform extensive property reports, collateral reviews and assignment chain reviews from multiple sources is vital to ensure proper documentation.
Nationwide Title Clearing Assignment Verification Reports are based on a process that relies on information gathered from actual land records to ensure the highest level of accuracy.
All search results are extensively documented and presented to you. Samples are available upon request.