Recently, the real estate industry has been plagued by the issue of title defects, which has resulted in slow transition of assets in the secondary market. Nationwide Title Clearing (NTC), a top research and document processing company, has come to the rescue of the populace by launching a website where clients can access property reports easily. NTC executives explain that property reports are the pillars of clear title conveyance, which reduces the risk of failure to foreclose and buyback.
Most commonly, title defects occur when an individual claims an entire property that is in ownership of someone else. However, other factors can result in title defect. They are basic wording mistakes according to real estate requirements for the area and omission of an important signature like of a spouse. The others are documents with previous liens and document filling that does not follow the required real estate procedures.
NTC’s CEO John Hillman insists that it is important to keenly address the title defect issue before transferring property ownership. Their online ordering of property reports will help control the problem of title defects. Clients will be able to access tax status reports, tax status (plus) reports, assignment-verification report services, and current owner reports. The reports made available by NTC are processed from data acquired from multiple sources, especially the counties. These data processes include human verification automation, a practice that has enabled NTC to earn trust of most of the largest lenders under vital and keenly audited compliance regulations in the United States.
John Hillman said that NTC is committed to delivering user friendly processes of securing property reports, which are simple and fast. The company assures users the most accurate online report services. They get the financial impact of the report when ordering numerous fields and other documents that could be of no use. Due to their clear understanding of their customer’s needs, NTC has continuously delivered tailored property reports, which have resulted in the company’s success. This information was originally reported on National Mortgage News as outlined in the following link http://www.nationalmortgagenews.com/press_releases/nationwide-title-clearing-revamps-website-online-ordering-available-1041942-1.html
About Nationwide Title Clearing, Inc
Since its inception in 1991, the Palm Harbor, Florida-based company has served mortgage lenders, investors and servicers, including the country’s top 10 residential mortgage servicers. Nationwide Title Clearing is famed for its highest level of accuracy in their processes, setting the industry’s bar high. Their unique research and document processing services aim at redefining the mortgage banking industry, protect homeowners, and store the nation’s land records. In 2013, the company was ranked position 26 in the Fast 50 Awards list of the fastest developing firms in Tampa Bay. They have also received recognition from the Inc. 500/500 and earned the Inc. Hire Power Award for the second time in 2013. As of 2016, the company had over 450 local employees. The entity has opened an office in Dallas, Texas.