Nationwide Title Clearing (NTC), a reputable post-closing services provider for financial institutions, servicers, custodians, and investors began improving their services in 2014. NTC executives implemented an online ordering service and published its first White Page to help lenders keep track of their trailing document process. On January 30th, 2017, the company announced its 2014 NTC White Paper is updated including information on how to track and research documents. Lenders are provided a 12-part scoring methodology to ensure documents comply with regulations for the investor and that all information and paperwork are accurate.
The Assistant Vice President of File Services at Nationwide Title Clearing, Chelsea Seguin said lenders can benefit from the information and track their own document trailing processes. She suggests the process be performed regularly to avoid issues with regulators and provide a smooth post-closing process. Seguin emphasized that lenders should take the time to look for possible efficiencies and savings. It must be done regardless if the processes are performed internally or outsourced through a reliable vendor. Her advice to some financial services enterprises is to consider outsourcing if the white page methodology document process is too time consuming.
NTC is headquartered in Palm Harbor, Florida and privately owned to offer research and document processing services. The company was founded in 1991 specializing in property reports, document retrieval, land records research, and final document tracking. After launching their online document ordering services two years ago, Nationwide Title Clearing has expanded to Dallas, TX. The new office opened its doors in May 2016 and includes a data center, infrastructure, and recovery site. Mortgage lenders and investors can easily request and download assignment verification, ownership, and tax status reports online to guarantee titles are defective free.
John Hillman is NTC’s Chief Executive Officer and oversees operations and daily functions of the business. He accomplished addressing title defects by implementing research and document processing online retrieval services for efficiencies and accuracies. He told National Mortgage News their property reporting services are performed by experienced and reliable land records and document professionals. The research service is thorough and comes with actual land records for most resident properties in the nation when requested by mortgage lenders, residential mortgage servicers, or investors. Mr. Hillman and the NTC executive team are setting the standard in the title clearing industry.