Over the last few year, title defects have hit the real estate market hard. Not only have they caused unwanted foreclosures, but have also made the transition of assets within the secondary market to stagnate. Nationwide Title Clearing (NTC), a company in the real estate business, states that the only way to minimize such cases is through ensuring that records are kept well and accurate. By doing this, the possibility of a buyback is greatly reduced.
NTC is the most trusted company when it comes to issues relating mortgages to the financial industry. Being the most relied on firm, it has taken steps to try and curb the title defects menace. The first thing it did is to make some property records easily available. Since they updated their website, one can now access the following documents:
– Tax Status (Plus) Report
– Tax Status Report
– Assignment Verification Report Services
– Current Owner Report
John Hillman, the CEO of NTC, states that the company is looking to improving its services by securing these reports. Some of the things that should be checked for in the reports include:
– Wordings that don’t meet the real estate standards as per the area.
– Any missing signatures that are important.
– The presence of other encumbrances. They should be removed if present.
– If the procedure used to fill in the records was correct.
Hillman goes on to make it clear that the records can be accessed by any residential property in the country.
About Nationwide Title Clearing Inc.
The fast-growing company has been serving the residential mortgage industry for over 15 years, since its inception in 1991. It is a private firm that deals with researching and processing documents for the industry. Its clients include investors, mortgage lenders, and servicers. Due to its good performance, top residential mortgage service providers in the US hire their impeccable services. The firm is not only known to process high-quality documents, but also do its research with precision.
Recently, NTC opened up another branch in Dallas, Texas. The new offices serve as a data backup center. This will help with recovery in case data from the main servers get lost. The Dallas offices will also help expand the services of NTC into the area. NTC handles land records that date way back. Its document experts are tasked with making sure that each document fulfills the requirements as specified by the county’s jurisdiction.