Responding to calls regarding title defects, Nationwide Title Clearing, Inc. (NTC) has made property reports more readily accessible via online ordering. Title defects have become an increasing concern in real estate markets where some feel it has caused such issues as wrongful foreclosures and the stagnation of what would otherwise be the smooth transition of assets. Property records are needed to ensure clean title conveyance and to reduce risks or even the inability to foreclose on a property. To address this issue Nationwide Title Clearing, a leading document-processing and property research provider, has launched a website that makes property reports available online.
Most title defects occur when a person or entity claims a property owned by someone else. Other times there might be another issue making the title invalid including non-compliance with real estate wording requirements, the lack of required signatures, previous liens, and failure to properly follow procedures in recording or filing of the title. For these reasons the Chief Executive Officer of NTC, John Hillman, said that addressing title defects long before a property is sold or transferred is of vital importance.
NTC has made 4 reports available online; Assignment Verification Report Services, Current Owner Report, Tax Status Report, and Tax Status (Plus) Report. The company will provide these reports in an easy to use and quick way for homes across the United States. In order to provide accurate information NTC obtains data from multiple sources and uses both automation and human verification. The company has devised the website to surmise what result the user is needing and then giving them a customized property report that includes all of the correct data.
Nationwide Title Clearing, Inc. was founded in 1991 and is based in Palm Harbor, Florida. Their property reports are available to mortgage lenders, servicers, and investors across the nation. The company was ranked #26 on the 2013 fasted growing companies in Tampa Bay. It has also won the Hire Power award two years in a row of putting Americans back to work after the financial crisis.
The company’s mission is to deliver the most accurate levels in document processing and research in the industry. NTC seeks to protect homeowners and assist the mortgage industry while also preserving the history of the nation’s land records.
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