We are eager to promote MBA’s financial literacy services because it will benefit and help homeowners and potential homeowners directly
PALM HARBOR, Fla. (PRWEB) August 13, 2012
Nationwide Title Clearing, Inc. (NTC), a national leading post-closing services provider for the residential mortgage industry for over 20 years, is in full support of the Mortgage Bankers Association(MBA)’s new initiative, Financial Fitness USA, to help consumers become more financially literate through educational services.
The MBA is the national association representing the real estate finance industry, an industry employing over 280,000 people in virtually every community in the country. MBA invests in communities across the nation by ensuring the continued strength of the nation's residential and commercial real estate markets. Financial Fitness USA utilizes a product called EverFi@Work, developed by financial literacy software company EverFi. The program is being offered for free to MBA members to help their homebuyer and homeowner customers in developing a comprehensive understanding of mortgages, credit scores, student loan management, retirement planning and additional financial services.
Although Nationwide Title Clearing provides services to lenders, servicers and investors rather than directly to homeowners the company recognizes and supports initiatives such as Financial Fitness USA to help bank consumers better understand financial processes. NTC has recognized that when consumers are ‘financially fit’ and in control of their finances, they are more at ease and make better educated decisions about financial issues.
According to John Hillman, CEO for NTC, “Mortgage industry terms and processes are difficult to understand for most people. Programs like this are great because they help potential homebuyers and current homeowners get the tools they need to make better decisions and not fall victim to schemes. We are eager to promote MBA’s financial literacy services because it will benefit and help homeowners and potential homeowners directly.”
In addition to EverFi@Work, these free financial literacy services are also provided by the MBA:
●Free Home Loan Toolkit Mobile App for iPhone and Android
Features a “How Much Home Can I Afford?” calculator, a mortgage terms glossary and an exclusive aggregated interest rate feed from MBA’s respected Research and Economics group.
●HomeLoanLearningCenter.com, powered by MBA:
An unbiased resource for potential homebuyers and current homeowners who want to make smart decisions about their financial future. It’s free, simple to use and simple to understand. For more information, visit http://www.HomeLoanLearningCenter.com.
NTC is interested in helping homeowners to be more confident with the financial processes, through education, and feels that consumers will be less intimidated by the financial terms and processes if they have an understanding of how it works. “MBA’s Financial Fitness USA program may answer the questions they have had concern about in the industry,” Hillman added.
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.