Title defects have been a major problem in the real estate market. To this end, Nationwide Title Clearing (NTC) Inc has provided a solution by making property reports available through online ordering. Some people feel that the title defects are the cause of stagnation in the transition of assets and others feel that they are the cause of wrongful foreclosures. NTC points out that property records are essential in reducing the inability to foreclose. They are also key to ensuring a clear title conveyance. NTC has taken crucial steps to simplify the process of obtaining property reports. Recently, the firm launched an updated website that offers the reports via the online platform.
Title defects are caused by multiplicity of reasons. A claim laid to a property that is under the possession of a different entity is the leading cause of title defects. A concern with the wording of a document and previous liens that have not been removed can adversely affect titles. Additionally, failure to include signature of a crucial party and inability to file or record procedures may cause title defects.
Because of the above reasons, John Hillman, the CEO of Nationwide Title Clearing suggests that it is vital to address title defects before a property is transferred. The company has made available some property reports through online ordering in a bid to help the growing mortgage industry. They include Tax Status (plus) Report, Tax Status Report, Assignment Verification Report Services, and Current Owner Report (O&E).
Nationwide Title Clearing has prioritized the provision of a systematic and fast process of securing property reports. Hillman notes that the firm’s property services are founded on premier research from authentic land records. They are available for residential properties on a national scale. During their research, the company receives data from various sources. This information is received from the counties and comprises of automation in addition to human verification. The practice has facilitated the firm to cater for the leading lenders in the country under the crucial compliance regulations. According to Nationwide Title Clearing officials, rigorous research process leads to accurate results.
About Nationwide Title Clearing
Nationwide Title Clearing is a premier provider of post-closing services for the United States’ leading financial institutions, servicers and investors. The privately held company was founded in 1991. Its headquarters are located in Palm Harbor, FL. Some of its clients consist of eight of the leading 10 residential mortgage servicers in the United States. Nationwide Title Clearing is revered for delivering accuracy in research services. It is also known for delivering quality document processing, which set the industry standard. Its land records as well as document professionals are able to track and satisfy county document requirements in the entire recording jurisdictions across the nation.