Nationwide Title Clearing (NTC): The Number One Mortgage Services Provider

Nationwide Title Clearing Inc. is a residential mortgage services firm. Established in 1991, NTC has a huge client base that includes lenders, investors, and servicers within the mortgage industry. Their primary focus is processing and handling the entire documentation process in the county, recording jurisdictions for their clients. NTC was initially headquartered in California, but the headquarters were later moved to Palm Harbor, Florida. Today, the firm has offices in Dallas, Texas as well as over 400 mortgage professionals. The firm prides itself as the number one clients’ mortgage service provider for over 20 years. NTC was named as the 26th fastest growing companies in Tampa Bay in 2013 during the Fast 50 Awards. The firm also won the Inc. Hire Power Award in 2012 and 2013.

 

NTC’s New and Updated Website

 

On October 6, 2016, NTC’s head, John Hillman, announced that the firm had completed updating their website, enabling them to provide online property reports ordering services. This came in the wake of calls for action from their clients who were concerned that title defects were causing stagnation of assets within the secondary markets. With these property reports available online, the mortgage market players will have prior knowledge of any claims on a property, enabling them to take the necessary measures early enough.

 

The Mortgage Bankers Association’s Annual Convention

 

NTC attended the Mortgage Bankers Association’s Annual Convection and Expo that was held last year in Boston, England. The firm’s representatives during the convention were CEO John Hillman and COO Michael O’Connell. As the NTC’s VP of Marketing, Gina Morales had announced that the company awarded one of the attendees with an all-paid luxury Florida Vacation for visiting their booth during the convention. The vacation will take place this year and includes a two-night stay at Sandpearl Resort & Spa along the Clearwater Beach and a round trip on Southwest Airlines.

 

Hillman Featured On Brand Focus Industry Podcast

 

On September 13, 2016, John Hillman was featured on Brand Focus industry podcast, a web audio program that discusses business-to-business partnerships. Hillman said that for a couple of years, the mortgage market players have been paying more to be in compliance. He noted that for mortgage businesses to succeed and to avoid downside risk of noncompliance, they must comply with certain standards. Hillman, however, advised the companies not to overspend on compliance to avoid becoming uncompetitive in the future. He was proud to mention that NTC has put measures in place to protect their clients from overpaying for compliance.

 

 

Changes by Nationwide Title Clearing

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.