Nationwide Title Clearing (NTC) Inc. announced that they were making property reports easily available with online ordering in an article posted on nationalmortgagenews.com on 10th June 2014. Title defects have been a significant source of concern in the real estate industry in recent times. Some people feel that it results to wrongful foreclosures and add to stagnation of smooth assets transition in the secondary market. It is for these specific reasons that NTC decided to make property reports readily available online.
The Executives at NTC say that property records are crucial in ensuring there is a minimal risk of foreclosing inability or buyback and a clear title conveyance. NTC launched an updated website recently to make the process of acquiring property reports easy. This ensured that property reports are accessible online. Title defects mostly take place if an entity or individual lays claims to a particular property that belongs to somebody else. Title defects may also occur due to the failure to put a relevant party’s signature to the transaction like a spouse or simple issues on wording in a document.
John Hillman is the CEO at NTC. He said that it is important to address title defects very early before the transfer or sale of the property so as to help the mortgage industry that is evolving. NTC has been able to make the following reports available through online ordering:
- Tax Status (Plus) Report
- Assignment Verification Report Services
- Tax Status Report
- Ownership and Encumbrance Report.
Hillman says that NTC is on a mission to offer an easy, quick, and step-by-step process of getting property records. He added that the property report services of NTC are based on research that has been done on actual land record. Any residential property countrywide can access them.
NTC is an independent leading research and service provider for document processing. It is based in Palm Harbor, Florida. The company was established in 1991 and serves the residential mortgage industry. NTC offers its services to investors, servicers, mortgage lenders, and works with eight out of the leading ten residential mortgage services in the nation. NTC has a reputation of offering accuracy of the highest level in research services and document processing of the highest quality that has been able to set the standard for the industry while helping the mortgage banking industry, protecting homeowners, and keeping the land records of the nation.