With all the recent changes in the industry, it’s very important to stay active and see what other professionals and industry leaders are doing to comply with the new rules and regulations.
Palm Harbor, FL (PRWEB) October 08, 2012
Nationwide Title Clearing (NTC), a leading post-closing services provider for the residential mortgage industry, will be among the featured exhibitors at the Mortgage Banking Association’s 99th Annual Convention and Expo, being held October 21-24 at the Hyatt Regency in Chicago, IL. NTC will be participating to help achieve the ultimate goal: helping families realize the dream of homeownership.
Attendees of the MBA’s 99th Annual Convention will be able to meet with NTC representatives and learn more about the company’s comprehensive product and service offerings. NTC provides a full spectrum of post-closing services for mortgage originators, servicers and investors. The company is perhaps best known for its expertise in lien release processing and management, which accounts for the largest proportion of its document preparation services. A lien release is a document the lender files to release a mortgage filed against a property, effectively canceling mortgages as the final step in the payoff process.
NTC first exhibited at this conference in 1994, and has either been attending or exhibiting almost every year since.
“With all the recent changes in the industry, it’s very important to stay active and see what other professionals and industry leaders are doing to comply with the new rules and regulations,” commented John Hillman, CEO of NTC.
Industry regulations have drastically altered the way mortgage industry professionals transact business. As listed in a recent article from Forbes.com, below are some of the changes made by the Consumer Financial Protection Bureau (1):
•Records Kept Up-to-Date and Accessible: Servicers would be required to establish reasonable policies and procedures designed to minimize errors, prevent document loss, provide accurate information to borrowers, and assist with error resolution.
•Errors Corrected Quickly: If a consumer notifies the servicer that he or she thinks there has been an error, the servicer would be required to acknowledge receipt of the notification, conduct a reasonable investigation, and inform the consumer about the resolution in a timely manner.
Since releasing PerfectChain(SM) Assignment Verification Reports service in 2011, NTC has continued to streamline the service in accordance with compliance and industry standards. PerfectChain(SM) is one of the most requested services of NTC. NTC will be providing service consultations, including samples of assignment verification reports, at their exhibit booth.
To comply easily with new industry regulations, employees of NTC are required to undergo rigorous training procedures both upon hire and throughout their employment so that they understand and can implement best practices in order to comply with industry regulations and requirements.
NTC is the largest provider in its field of post-closing services for the mortgage industry. The company’s clients include eight of the ten largest residential mortgage servicers in the country, and most of the work they do for mortgage servicers is land records research and the processing of lien release documents that clear paid-in-full mortgages from land records when borrowers pay off their mortgages, refinance their homes, or sell their homes. The company has over 300 local employees, and that number continues to grow.
The 99th Annual Convention and Expo 2012 will host prominent industry leaders, such as President Bill Clinton and former Mayor of New York City Rudy Giuliani.
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 ten residential mortgage servicers in the country. NTC earned the position of #2730 on the 2012 Inc. 5000 list of fastest-growing private companies in America, and ranks #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)Forbes.com. April 10, 2012. “Obama's Consumer Protection Agency Targets Mortgage Service Industry”, http://www.forbes.com/sites/halahtouryalai/2012/04/10/obamas-consumer-protection-agency-targets-mortgage-service-industry/