Nationwide Title Clearing, Inc. has reacted to the need for change in title defects through making property reports easier. The move allows sellers and buyers to access all services through online ordering. Title defects have become a serious issue within the real estate market in current years. It has caused different views from people. Some people think that leads to illegal foreclosure while others believe that it delays the movement of assets within the market.
Nationwide Title Clearing, Inc. is a firm specializing in research and document service provider in residential mortgage and finance fields. The company’s manager believes that property records are responsible for ensuring deliverance of a clear title and a decrease in buybacks.
Title defects often result when an individual or entity contests upon a property with the “supposed” original owner. A title can also be invalid due to wording problems in the document or absence of a signature on the document that is necessary for transaction processes. Additionally, the presence of prior liens and encumbrances in the document can invalidate a title. A title is void when real estate documents are incorrectly filed.
The Chairman of NTC, John Hillman advises sellers and buyers to address title defects before selling or transferring properties. The firm further supports the modernizing mortgage industry through making property reports available for online ordering. The available services include tax status report, current owner report and assignment verification report.
NTC obtains information from several sources including the counties. The firm has developed an automated system with human verification to ensure accuracy. This practice has earned the company the ability to serve eight of the top 10 largest lenders in the United States.
Nationwide Title Clearing, Inc. Overview
NTC is located in Palm Harbor, Florida. It is a private company specializing in research and document service provision in the domestic mortgage industry. NTC is popular for protecting homeowners and safeguarding the country’s land record. It provides expertise in property reports, lien release services, and document tracking.
NTC declared its intention to open a new office inclusive of an innovative data center in Dallas, Texas. NTC’s head of information security officer Scotty McEntire will be present in the new agency. The office will include a complete disaster recovery site for all data, infrastructure, and staffing. NTC has won several awards for its charitable services, public involvement, and for its friendly work environment. The opening of the new office will give the firm an opportunity to duplicate the model in Midwest.