Moore’s Contribution to ‘Locks of Love’ is Inspirational

The ability of my colleagues to see an opportunity to improve their communities and the lives of their neighbors is truly inspirational. For instance, Crystal Moore, who works in the NTC Document Completion Department, recognized that many people were losing their hair to cancer and other diseases, so she decided to donate her hair, roughly 25 inches of it, to “Locks of Love.”

Locks of Love is a public non-profit organization that provides hairpieces to financially disadvantaged children in the United States and Canada who suffer from long-term hair loss--due to any medical diagnosis.

“I am doing this because it is a way for me to give back and to support people with cancer and other dreaded diseases,” said Moore. “I’m proud to do it and will continue to do so.”

Moore spent two and a half years growing her hair before she cut it.

“Until there is a cure this is a way for me to help people. It is something that I find personally rewarding and it helps people feel better,” she said.

Nationwide Title Clearing Joins the Fight Against Cancer

NTC employees recently participated in the American Cancer Society’s 2010 Relay for Life of Palm Harbor. The company's Disco Dolls For A Cure team, captained by Erika Lance, raised $7,587 for the American Cancer Society, about half of the total amount raised by the event.

“We had an unforgettable and humbling experience at the Relay,” said Lance, Senior Vice President of Administration at NTC. “I am so proud of our team for bringing so much spirit to the event and for the success of all their fundraising activities.”

The NTC team was awarded the Silver Award for raising over $5,000 dollars as a team and was acknowledged for having someone on the track at all times for the event. Also recognized was NTC team member Jennifer Fellows, who received the Star Supporter award for raising over $1,500 as an individual.

Relay for Life is an overnight, 18-hour event dedicated to raising funds to save lives from cancer, as well as to celebrate the lives of people who have battled cancer and remember loved ones lost. More than 3.5 million people participate each year in Relay for Life events in a worldwide effort to end cancer.

Congratulations to all of the Disco Dolls For a Cure for this valiant effort.

NTC Services the Largest Servicers in the Nation

It's official! A new ranking of the nation’s mortgage loan servicers published by a national mortgage industry trade publication puts 8 of the top 10 servicers on Nationwide Title Clearing's active client list. The new data regarding servicing industry rankings was provided by SourceMedia and details the portfolio sizes for the nation’s top 10 mortgage servicing companies.

There are many good reasons that the nation's largest companies depend upon NTC, but our services are perfect for companies of any size. You can always call our offices at 800-346-9152 to find out why you should be doing business with Nationwide Title Clearing.

See the entire NTC client list press release on our website.

NTC and Title Industry Veterans form new Title Company

Nationwide Title Clearing has embarked on an exciting new venture that will change how lenders purchase title insurance and how mortgage loan servicers will find lost documents in the future. Introducing Lenders Title Solutions (LTS).

LTS is a new national title company that will focus on providing high quality/high service level title and closing services in all 50 states to lenders across the country. Together, LTS and NTC will offer the industry's first workable life-of-loan services solution from the moment the loan is closed until it is paid off and released.

This is huge for NTC clients who close loans through the new company, because they will receive a unique trailing document guarantees that don’t exist elsewhere in the industry.

Read the entire Lenders Title Insurance press release on our website.

NTC Nominated for Mortgage Technology Award

Each year, Mortgage Technology magazine presents a number of prestigious awards to participants of the mortgage lending industry. This year, Nationwide Title Clearing was nominated for the Release of the Year Award, a distinction given to the company that announced some news that is most likely to have a lasting impact on the industry. The company is in the running for the award due to news of its innovative mobile imaging platform.

So far this year, banks in the U.S. are failing at twice the rate they were last year. Now that the U.S. government is the country's largest mortgage asset investor, when a servicer gets into trouble, it's the FDIC or one of the former GSEs that step in to take over and liquidate the assets. Time is of the essence.

That's why NTC's new mobile imaging platform is being viewed as the most significant new advancement the industry has seen this year. Whether the institution is in trouble or just selling off a pool of performing loans, this new offering has demonstrated its ability to change the way the industry works for the better. When NTC announced the offering, it brought to light a much larger need in the marketplace and the financial savings to our clients was far greater than we envisioned. That's why we feel it qualifies for the prestigious Mortgage Technology Release of the Year award.

Nationwide Title Clearing’s mobile imaging and inventory services platform was designed to speed up and automate the process of bulk loan sales and acquisitions. The service can support any bank that is involved in a bulk loan sale or acquisition.

For instance, in the event of an emergency seizure by the FDIC, former GSEs or another investor because of concern over the solvency of a bank or qualification of a servicer, NTC’s mobile imaging team has the capability to go where the loan files are located before the final settlement of a loan transfer occurs.

The service can be performed on a rush basis to ensure that the new servicer that is assuming the loans would have a head start knowing what is in the files and be prepared the first day it takes over servicing the loan. That’s key because buyers of seized assets usually have a very short window of time to exclude assets or renegotiate any exceptions.

That’s an important and unfortunately growing market: Twice as many banks have failed in 2010 compared with last year, due to problems with commercial real estate, according to a report from the Federal Deposit Insurance Corp.

In addition, many banks rely on this service for traditional bulk loan sales and acquisitions between financially stable institutions, because it provides a critical and invaluable ability to review the documents.

The mobile imaging unit sets up shop wherever the loan files are located, images the collateral files or servicing files, and transmits them back to NTC’s home office to be reviewed, inventoried and indexed to the client’s satisfaction. The images are then either hosted by NTC or quickly imported into the client’s imaging system. The aim is to provide the new servicer with an advance look at the loan files prior to the close of the loan sale.

Because all the information to prepare an assignment would be accessible in NTC’s system, it can easily prepare any required mortgage assignments and send them to recording jurisdictions nationwide. The assignment can be created because of the work the mobile unit performs. Without it, the new servicer would not know what is in the loan files until it’s too late to negotiate any exceptions.

Instead, it has all the documentation available to review the loans and handle the servicing requirements. The new servicer would also be notified in advance of any insufficient collateral, and with NTC’s help, proactively resolve these issues. Clients appreciate the convenience this service provides, they have begun to rely on it, and they understand that given the unusual circumstances surrounding transfers and strict timelines, for example, it is an important service, one they could not operate without.

Editors at Mortgage Technology will announce the winners of their awards in late October.

Because People Make the Difference

At Nationwide Title Clearing, we're very proud of the great team we have created. We serve a vital function in the U.S. real estate industry and clients all over the country depend upon us. Our success is a product of our people, but they do so much more than serve our clients.

In this blog, we want to share some of the other pursuits our employees engage in. From supporting national charities to promoting our headquarters city to raising strong families, Nationwide Title Clearing team members do it all. We celebrate that in this space and urge you to follow us here and join us in our conversations. We're sure you'll find it very rewarding.