Nationwide Title Clearing, Inc. was founded in 1991 in Palm Harbor, Florida. The incorporation is privately-owned and provides various services including sort out information about residential mortgage and document processing. A great number of servicers and mortgage lenders are customers of this company. The top ten mortgage investors choose Nationwide Title Clearing for its unmatchable service. No other firm can provide that much accurate research and document processing of high quality as much NTC does. The industry believes NTC is the best when it comes to property reports, assignment services, final document tracking, document retrieval, land records research, lien release services, and customer business solutions. According to the firm’s top management, securing of property reports is the most effective way to solve the problem of buyback risk, foreclose inability, and conveyance of clear title. It motivated the company to update its website and provide property reports via online ordering.
Title defect is created when someone claims of owning property, yet the real owner is someone else. There are other factors which make the title invalid as well. The most common reasons for this problem are wording issues, missing signature of the spouse, liens or previous encumbrances, and carelessness during filing procedures. To facilitate people, NTC decided to provide online reports via online ordering. These reports include Assignment Verification Report Services, Current Owner Report, Tax Status Report, and Tax Status Plus Report. For gathering information, multiple sources are used, and they are verified by humans and machines. NTC is serving the largest lenders of United States even when implemented regulations are highly audited. According to CEO of NTC John Hillman, solving the problem of title defects is necessary before the property is sold out. The mortgage industry is facing various challenges, and online ordering will help them.
He further explained that the goal of NTC is to secure all property reports by introducing simple and step-by-step processes. NTC prepares reports after it acquires all the relevant information through genuine land records. The reports can be accessed nationwide. Depending on the intentions of the report, the firm’s process produces totally correct results. NTC knows the importance of reports, and how much a report can impact on other things. Some clients order too many things, and most of the information is irrelevant to them. The reason why NTC is so successful is due to its ability to understand all requirements of the clients. Hence, the outcome is the right report prepared with correct information.