Nationwide Title Clearing, Inc. (NTC) made property reports readily available through online ordering in its response to the title known as defects call for action. Title defects have become a big issue of concern in the real estate market in the recent years. Some people say that this can lead to stagnation of smooth asset transitions and wrongful closures in the secondary market. The Executives of NTC said that property records are vital in making sure that there is a clear title conveyance and that they minimize the chances of buyback and foreclosure. NTC is a top provider of document-processing and research in the financial and mortgage industry. It has come out to ensure that the process involved in acquiring property records is simple. This was evident when the company launched an updated website recently. The site made property reports to be accessible online.
Title defects may take place due to the following common reasons according to NTC:
- Not removing previous liens and other encumbrances
- Wording errors in the document that fails to comply with the area’s standards of real estate.
- Not including an important party’s signature such as a spouse.
- Not adhering to the procedures of recording and filling at the time of recording the documents
John Hillman is NTC’s Chief Executive Officer. He said that the above-stated reasons prompted to make the action of availing property reports online. John added that it is important to ensure that there are no title defects before making any property transaction. The property reports that were made available are as follows:
- O&E (Ownership and Encumbrance) report
- Tax Status (plus) Report
- Assignment Verification Report Services
- Tax Status Report
The CEO of NTC said that the company was committed to providing a property report acquiring process that was simple and fast. He added that the property report services offered by NTC were based on research done from actual land records and that any residential property all over the nation will be able to access them. The officials of NTC stated that this process of acquiring property reports was reliable and it can recognize the financial impact of a report in case a client orders many fields and documents.
NTC was started in 1991. It is based in Palm Harbor, Florida. The company services investors, mortgage lenders, and servicers together with the country’s eight of the leading ten residential mortgage servicers. NTC has a reputation for providing the highest accuracy levels when it comes to document processing and research services. NTC specialties include property reports, land records research, lien release services, document retrieval, final document tracking, assignment services, and many more custom business services. NTC was ranked 26 out of 50 in the awarding of Tampa Bay’s fastest growing companies in 2013.