Nationwide Title Clearing is not involved in the default or foreclosure side of the business and does not prepare any documents as part of the foreclosure process. NTC has no foreclosure attorneys on staff, nor is NTC directly involved in any process that removes borrowers from their homes. Moreover, we certainly do not prepare documents that are specifically related to foreclosures and we never have. The owners of NTC have always maintained that they do not want NTC to be in the business of removing people from their homes, even if warranted.
The documents we do prepare on behalf of our clients exist throughout the natural life of every healthy loan. In fact, the majority of the documents we prepare release mortgage loans that have been paid in full, either from a home sale, refinance or through a full payoff.
Although quite a large portion of our business is not related to preparing or signing documents, our document preparation services are based solely to fulfill normally required filings for loans in which the borrowers are NOT in foreclosure. In fact, NTC loses business and work when borrowers lose their homes, as our largest document preparation service (lien releases), requires the loan to be paid off via a refinance or sale. A lien release document is not required when a house is foreclosed upon.
Although many documents previously prepared and recorded regarding mortgages including the Note and Mortgage itself are often presented in foreclosures, the types of documents we prepare are typically prior to any loan going into foreclosure. To say Nationwide Title Clearing prepares foreclosure documents would be like saying the person who initially prepared your Mortgage or Note is somehow directly involved in your foreclosure.
For over 18 years, we have helped keep mortgage lenders and servicers in compliance with State statutes that are designed to protect borrowers, and we have helped tens of millions of borrowers directly through that process.
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