We welcome the opportunity to work with members of Congress and their staff to identify and incorporate industry best practices into a new, national standard for residential mortgage servicing...
Palm Harbor, FL (PRWEB) May 15, 2012
As a leading service provider to the residential mortgage and mortgage investment industry, Nationwide Title Clearing (NTC) is committed to helping enhance the efficiency and accuracy of the industry it serves. On April 19, during the Mortgage Bankers Association National Advocacy Conference in Washington D.C., NTC officials met with members of Congress and their staff to discuss issues related to the residential mortgage industry and to offer the company’s support as a resource, i.e. Rep. Bill Young, Rep. Ileana Ros-Lehtinen, Rep. Sandy Adams, Sen. Bill Nelson, Rep. Bill Posey, Rep. Allen West, and Rep. Connie Mack.
Based in Palm Harbor, Fla. and founded in 1991, NTC is a privately-owned firm that processes documents and performs extensive land records research for the mortgage industry. The company’s clients include eight of the 10 largest residential mortgage servicers in the country. It is the largest provider in its field of expertise, and is one of the largest employers in Palm Harbor, Florida. With its position as a leader in the mortgage post-closing arena, NTC believes it is important to serve as an advocate for industry best-practices that safeguard our land records while also protecting the consumer.
NTC has a long track record as document experts with exhaustive resources in the necessary research skills needed to ensure the industry documents it and its clients prepare are sound. NTC has a unique system for tracking and maintaining state and county document requirements and recording fee structures for more than 3,600 recording jurisdictions nationwide. In addition, NTC has developed and maintains a continually evolving library of thousands of different document forms for use in all U.S. jurisdictions. The company’s advancement of the mortgage assignment chain verification process, PerfectChain℠, is another means by which NTC has been working for years to develop much-needed industry best practices in order to help legislators, mortgage lenders, servicers and homeowners gain certainty and confidence.
NTC’s entire business is based on the stringent review, research and reporting that is done prior to the processing and recording of accurate post-closing mortgage documents. NTC has offered their help to legislators in establishing industry-wide best practices that provide assurance to consumers, while also being practical to achieve within the industry. The company feels that it is in a good position to offer assistance due its extensive industry/land-records knowledge and clientele.
“We welcome the opportunity to work with members of Congress and their staff to identify and incorporate industry best practices into a new, national standard for residential mortgage servicing, as well as provide feedback to help avoid excessively onerous legislation for mortgage lenders and servicers.” said John Hillman, NTC CEO.
About Nationwide Title Clearing, Inc.
Headquartered in Palm Harbor, Fla., Nationwide Title Clearing (NTC) was founded in 1991 and has since grown to become the nation’s leading national post-closing services provider for the residential mortgage industry. In addition to supporting lenders, servicers and investors, including eight of the top 10 residential mortgage servicers in the country, the company’s land records and document experts are able to track and fulfill county document requirements for close to 3,600 recording jurisdictions nationwide. NTC specializes in providing property reports, lien release and assignment services, final document tracking, document retrieval, imaging and other custom business solutions. For more information, visit the company’s website at http://www.nwtc.com.