Who is Nationwide Title Clearing and what do they do?

Nationwide Title Clearing, Inc. (NTC) was founded in 1992 and has grown into the nation’s leading document and services provider for the residential mortgage industry. NTC provides a wide range of services to the nation’s top mortgage lenders, servicers and investors, and serves 8 of the top 10 residential mortgage servicers in the country, as well as contracts directly with the FDIC and various government entities.

While we are the largest service provider in our field, we are still privately owned and operated business. We operate a single operation center in Palm Harbor, Fla., with over 150 employees.

Nationwide Title Clearing services include a variety of document preparation and research services that are tailored to the needs of mortgage lenders, servicers and investors, from loan originations to loan payoffs.

NTC specializes in processing lien releases, assignments, document imaging, mortgage document tracking, recorded document retrieval, title searches, property reports, title policy retrieval, collateral reviews and management, as well as other custom business solutions.

This is the first in a series of questions that we often hear that deserve good answers. We hope you found this helpful. Stay tuned for more Frequently Asked Questions.

Fee Increase for Jackson County, OR

Jackson County, OR sent out a notice that effective November 8th, 2010 they will increase thier recording fee by $3.00.

The new fee is $49.00 for the first page and $5.00 for each additional page.

Keep watching this blog for more information regarding the requirements of the nation's County Recorders.

Is it Fraud or Not?

Insight from Erika Lance, Senior Vice President, Nationwide Title Clearing:

Nationwide Title Clearing is a mortgage document preparation and recording company that has been in business since 1992 and are experts at filing assignments and lien releases as part of the regular course of business for the leading mortgage servicers in the nation. By far the majority of documents we prepare actually release the mortgage from records due to a normal borrower payoff.

For over 18 years we have kept mortgage servicers in compliance to state statutes that are designed to protect borrowers, and we have helped tens of millions of borrowers in the process. Additionally, over 99% of all assignments prepared by Nationwide Title Clearing were for performing loans (not behind on payments at that time) on behalf of mortgage servicers and/or investors for loans they had sold.

Due to our expertise in the area of preparing and recording assignments and lien releases, here are some tips of the trade from our experience in how to tell if a document is valid or not.

By far the vast majority of assignments filed in land records are totally legitimate legal documents that help keep the mortgage industry paperwork trails in proper order to protect both the homeowners and the mortgage companies. A tiny percentage of documents may actually be prepared incorrectly or even fraudulently. You have to do a little homework to be able to spot the legitimate ones from the fakes. Here’s a checklist to help you tell the difference.

TOP 6 CHECKLIST:

Probably Fraud:

1. Signing someone else’s name illegally (ghost signing)
2. No proof of signing authority either by Corporate Resolution or Power of Attorney
3. The preparer was not contracted to provide any related services on behalf of the lender, servicer or investor of the loan
4. Document notarized in a different state than the other parties that signed the document
5. The company or person that prepared and submitted the document is not easily locatable or accessible to provide proof
6. Corporate officer and notary is the same individual on a single document

Probably Not Fraud:

1. Notary is in good standing and has valid commission covering the date signed
2. Signers are able to provide proof of signing authority and are able to verify their signature confirming that they did in fact sign the document
3. The preparer is legally contracted to provide assignment services to the lender, servicer or investor of the loan
4. Document conforms to all state document format guidelines and was officially recorded
5. Filer is a fully audited, secure and reputable company
6. Preparer guarantees that documents are legal and ethically prepared

Lackawanna County, PA Office Moving

Lackawanna County, PA sent out a notice that effective Oct 12, 2010 their office will be moving.


The new address is:

LACKAWANNA COUNTY GATEWAY CENTER
135 JEFFERSON AVE
SCRANTON, PA 18503

Keep watching this blog for more information regarding the requirements of the nation's County Recorders.

Jeremy Pomerantz explains the types of documents Nationwide Title Clearing prepares

Recently, Jeremy Pomerantz, senior vice president for Nationwide Title Clearing, had a conversation with Rick Grant of RGA regarding the types of documents NTC prepares and why. We captured some of that conversation and present it to you in this podcast. Program duration: 1:30.

Fee Decrease for Baldwin County, AL

Baldwin County Alabama sent out a notice that effective October 1st, 2010 the recording fee will be reduced from $13.00 to $9.00 for the first page.

New Podcast Featuring Erika Lance

Erika Lance, senior vice president for Nationwide Title Clearing, recently had a conversation with Matt Strickberger of RGA regarding assignments and corporate resolutions granting signing authority. We captured some of that conversation and present it to you in this podcast. Program duration: 2:15.