Our process for compliance has always been a collective undertaking with fellow leaders, governmental entities and our clients—the open forum discussion opportunities offered at conferences is essential in streamlining our practices.
TampaBay, FL (PRWEB) July 29, 2013
Nationwide Title Clearing, Inc. (NTC), a leading service provider to the residential mortgage industry, has committed to sponsoring and attending the California Mortgage Bankers Association’s (CMBA) 18th Annual Western States Loan Servicing Conference. The forum, scheduled to be held August 4-6 in Las Vegas, is one of many steps that NTC takes to remain within compliance with recent and ongoing regulations implemented in the financial sector.
Jeremy Pomerantz, Vice President at NTC will be speaking at the conference on the panel: Compliance Super Session - New Servicing Standards: CFPB, the State AGs and More, scheduled for August 6th at 10:30 a.m. – 11:30 a.m. With an ever-increasing focus and level of resources being aimed at compliance issues, this panel will explore best practices for compliance with emerging servicing standards. This session is of particular interest because of the uncertainty surrounding the financial sector in recent years and the penalties associated with non-compliance.
Adherence to new regulations is now of utmost importance—as a company which has worked closely with lenders and servicers for many years, NTC understands the benefits of fully committing to and understanding industry standards. Held to benefit all lenders and servicers in the industry, the CMBA’s 18th Annual Western States Loan Servicing Conference offers attendees access to the most fair and ethical lending practices through a wide range of educational programs, services and industry publications.
NTC, perhaps most notable for its expertise in lien release processing and management, will attend the conference to stay abreast of the regulation and compliance issues impacting the mortgage industry. Despite many financial institutions deeming recent regulations to be an obstacle that traditional bank business models must overcome, NTC asserts that the regulations require adaptation by businesses, rather than resentment. The results today are that NTC consistently maintains 99.9% within compliance for lien releases—a service that is badly needed by the banking institutions today in order to avoid noncompliance and major penalties.
“Compliance is imperative at NTC, and attending this workshop will give us a prime opportunity to discuss any industry concerns with the experts,” NTC CEO John Hillman said. “Our process for compliance has always been a collective undertaking with fellow leaders, governmental entities and our clients—the open forum discussion opportunities offered at conferences is essential in streamlining our practices.”
Hillman maintains that NTC officials regularly attend conferences and workshops every year to gather data on new criteria and, in turn, relay that information to its employees for a systematic implementation of such new rules into NTC’s business practices.
Out of NTC’s large client base, eight are listed among the top 10 largest residential mortgage servicers in the country, most of whom NTC has worked closely with for years in helping to standardize industry document processes and procedures. These ongoing efforts have contributed to NTC being named as an innovator for its revolutionary PerfectChain(SM) Assignment Verification Process (1). This system was backed by levels of training for employees at NTC’s on-campus university.
NTC’s core strength as a mortgage industry service provider lies in helping its mortgage lending and servicing clients stay within compliance with the statutes relating to many post-closing services (such as lien releases and assignments); such compliance regulations are designed to ultimately protect homeowners. Because of NTC’s stringent quality control practices, it has seen an increase in business from the top mortgage banking institutions. In 2012, NTC earned a spot on the prestigious Inc. 5000 award for an 85% three-year growth, and was also a winner of the Inc. Hire Power award for its achievements in lowering the unemployment rate in its region.
NTC currently has over 350 local employees, and that number continues to grow.
About Nationwide Title Clearing, Inc.
Based in Palm Harbor, Florida and founded in 1991, Nationwide Title Clearing, Inc. (NTC) is a privately-owned leading service provider to the residential mortgage industry, serving mortgage lenders, servicers and investors, including eight of the top 10 residential mortgage servicers in the country. NTC earned the position of #2,730 on the 2012 Inc. 5000 list of fastest-growing private companies in America, ranking #36 in Tampa and #46 in the real estate industry. 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 land records research, lien release services, assignment services, final document tracking, document retrieval and other custom business solutions. For more information, visit the company’s website at http://www.nwtc.com.
1.“PerfectChainSM Assignment Verification Process.” Giantsof.com. N.p., n.d. Web. 05 Apr. 2013. giantsof.com/giant/nwtc.