In recent times, title defects have led to many problems for property owners. At times, these defects have resulted in unwarranted foreclosures causing anguish for many people. Additionally, these defects have led to stagnation in the transition of assets. After hearing numerous reports from concerned clients, the company has finally decided to take decisive steps to end the problem. One of the steps they have resulted to is to make property reports accessible online.
Title defects occur when someone claims a property that is owned by another person. However, simple issues like wording can also invalidate a title. Additionally, failing to add signatures of concerned parties such as a spouse makes the title invalid. A title should also not have any lien to it if it is to become marketable. Title deeds can become invalid when proper filing and recording procedures are not followed.
As a result, the CEO of NTC has seen it fit to address the problem before a property is up for sale. It will be a huge boost to efficiency in the mortgage industry. Thus, the company has made a number of reports available online such as Tax Status Report, Current Owner Report, and Assignment Verification Reports. All of them are available on order.
The company gets its data from many different sources. Their most important source of data is the counties. Additionally, they use human and automated verification. It has enabled the company to service some of the largest lenders in the country.
The company credits most of its success as resulting from an understanding of the impact their reports have on the end user. They understand what each end-user wants and thus customise the data in that way. It is what has made them a market leader.
Who is Nationwide Title Clearing, Inc.?
The company was formed in 1991 as a private entity for document research and processing in the mortgage industry. The company’s services are available to servicers, investors, and lenders. Additionally, it is the go-to service for eight out of the top ten largest mortgage services countrywide. A quality that has made them so popular and beloved is their ability to deliver accurate data to all their clients.
They have a crucial role in the protection of the nation’s land records. Their experts work in over 3,600 jurisdictions nationwide while retaining the same degree of accuracy. The company is ranked one of the fastest growing companies in Tampa Bay. Without the important services they provide, the mortgage industry would have a hard time operating as efficiently as it does.