Nationwide Title Clearing responded to the frustrations of Americans regarding the issue of title defect that had become a major issue in the real estate business affecting thousands of homeowners. In the announcement, the company said that it had updated its website to make reports accessible. The most frustrating thing about the title defects is that they cause unnecessary delays and even lead to wrongful foreclosures. Many people feel that the only way to address this issue is putting in place proper records. Proper records will help reduce cases of foreclosures. NTC has been mandated by the government of the United States of America to conduct research and document processing for various institutions in the financial and mortgage industry.
The update of the website is good news as this means more reports can be accessed online. This makes it easy to follow up a title defect without a lot of paperwork. According to John Hillman, who is also the chief executive officer of the company, some the reports that will be availed online include current owner report, tax status report as well as assignment verification report services and the tax status plus report. It’s the mission of the organization to make it easy to secure property reports and also in a fast and step by step manner. The chief executive officer of the organization said that title defects could be as a result of many factors such as the failure to record a sign of one of the participants, wording errors and also previous liens. Another major cause of the title defect is refusing to follow the filing and recording procedures that have been put in place by the real estate industry.
The CEO said that the company acquires its data from various sources such as the counties. The process of data collection is a tiresome process as it consists of automation and human verification. The company has its headquarters from the city of Palm Harbor in Florida. Some of their main clients are the mortgage lenders as well as servicers and other investors. Over the years, they have built a reputation of offering the most accurate research services and document processing that is out of this world.
They have also specialized in offering services such as property reports, lien release services and land records research. They are also known for providing other customized business solutions across the US. They have won awards over the years for their good work.