In more recent years, title defects have been a chief concern in the real estate industry. Some feel that due to these title defects, there are unjust foreclosures, while others are concerned that they offer contribution to the sluggishness of the action of transitioning assets within the secondary market.
Nationwide Title Clearing, Inc. executives claim that property records are the key to the assurance of a clear title and diminish the jeopardy of buyback or incapacity to foreclose. Nationwide Title Clearing, Inc., or NTC, is a research and document-processing firm for mortgage and financial industries. They have made certain strides in making the process of securing property reports much easier. NTC has recently launched a website that makes these reports available through the internet.
Most title defects occur when a person or other body makes entitlements to a property that is owned by someone else. There are however, other factors that can render a title invalid, such as:
- Issues with wording in a document that does not fulfill standards.
- Documents do not include a party’s signature that is necessary to complete the transaction.
- There are other liens that have not been removed from the title.
- There is a failure to record or file these documents properly.
CEO, John Hillman, claims that addressing these title defects before the property is sold is paramount. This makes everything go smoother and will always create better results for every party involved. To assist the always-evolving mortgage and real estate industry, NTC has the following services available online: Tax status report and tax state plus report, current owner report and assignment verification report services.
Hillman is proud that NTC makes it their goal to provide simple and fast services in order to secure property reports. Their services are research-based and piloted from real-life land records and are available for any residential property in the country.
They receive this data through many sources during the procedure, and do not just rely on automation. Every bit of information is joined with human verification. This gives NTC the ability to service most of the biggest lenders in the country under the most critical regulations.
Nationwide Title Clearing, Inc. was founded in 1991, in Palm Harbor, Florida. They are a privately owned lending service provider to the residential industry. They service investors and servicers and mortgage lenders. They are known for giving their clients the best level of accuracy in their research services and document processing in the country.
NTC has set the standard for the industry, while also protecting homeowners, preserving land records and helping the mortgage banking industry. The company’s experts can track and fulfill document requirements in every jurisdiction in the country, which means about 3,600 jurisdictions all together.