Palm Harbor, Fla., November 13, 2012 – Nationwide Title Clearing, Inc. (NTC), a leading service provider to the mortgage and financial industry, released a new White Paper today that provides a methodology for scoring a bank’s trailing document process. In recent years, trailing documents have presented serious problems for some banks, exposing them to risk and costing servicers time and money.
“In today’s highly regulated environment, problems with document tracking or flow can have a profound negative impact on the firm’s ability to protect loan assets,” wrote Joellen Raiti, Nationwide Title Clearing Vice President of Marketing and author of the White Paper. “Evaluating your own trailing documents process regularly is a best practice that will help your company avoid negative attention from regulators and help you maximize the return from limited resources. There are many potential savings and efficiencies to be realized if you take the time to look for them.”
NTC has built its reputation as a company obsessed with document perfection. The company’s business process is based on a regimen of stringent review, research and reporting performed prior to the processing and recording of accurate post-closing mortgage documents. NTC has offered its help to lawmakers in establishing industry-wide best practices which provide assurance to consumers, while also being practical to achieve within the industry.
“As a company, we are nothing short of obsessed with every detail that goes into perfect land record documentation,” said NTC CEO John Hillman. “We want to take every opportunity to share best practices to aid consumers, protect land records and benefit our industry.”
Click here to download a free copy of the new White Paper, or visit the company’s website at www.nwtc.com.
About Nationwide Title Clearing
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 #2,730 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 www.nwtc.com.