Title defects have become a major problem in recent times in real estate industry where they sometimes cause wrongful disclosure, stagnation of the transition of assets within the secondary market. The Nationwide title clearing Inc. took action making sure property reports are readily accessible on online ordering.
NTC launched an updated website to make the process of securing property reports simple. The website avails property reports online for the finance and mortgage industry making it convenient and efficient to hand over the title and making validation of title easy.
In most cases, title defects occur when an entity claims a property that is owned by someone else.Other issues include;
- Wording of the title that does not conform to real estate standards
- Failure to include a signature that is party to a transaction likes a business partner, spouse.
- None removal of encumbrances and previous legal claims hinders the title marketability.
- Failure to follow laid down Filling or Recording procedure of real estate documents.
The company started a training service for investors, lenders and mortgage servicers at the headquarters in Palm harbor Florida and Dallas Texas. This new offering comes after years in development and offers in-depth training on the foundations of residential mortgage finance.
According to NTC CEO John Hillman, i t is of paramount importance to address defects to the title before a property is sold or transferred.The goal of the organization is to secure property records.NTC collects information from multiple sources the most important being counties. It automates the process as well as the use of human verification, a satisfactory service that provides vital information to US lenders who are essentially under heavily audited compliance regulations.
NTC made several property reports via online ordering to assist the real estate market in; Assignment verification report services,Current owner report, and Tax status report.
NTC provides accurate reports and, the process of audit recognizes the financial impact and identifies non-essential reports especially if the requester is ordering fields which are not useful to the user.The result is what drives NTC to accomplish its goal.
About Nationwide Title Clearing, Inc
Nationwide title clearing INC is a leading expert and authority in audit research, document processing services to property lenders, residential mortgage in the United States. The company was created in 1991 and is located in palm harbor Florida. It has several offices country wide including Dallas Texas which opened in March 2016.