Nationwide Title Clearing Unveils Online Ordering Of Titles
Nationwide Title Clearing (NTC) has made property reports available to the public through online ordering. The company reacted swiftly to the many calls for action made by the public concerning the incidences of title defects. The errors were worrying as they made property owners vulnerable to fraud. However, the new move will facilitate early correction of these errors, thus avoiding the demerits associated with such defects. Moreover, the company’s management believes that online ordering will help to smooth out the hiccups that have been prevalent in the real estate industry.
Several issues cause title defects. These defects occur when an individual or entity lays claim to a property that belongs to another person. The wording of a document can cause such deficiencies. The NTC finds it difficult to ensure that every title deed complies with the standards of each jurisdiction. There are also scenarios where new titles are created when prior liens to a property have not been removed. A title is only transferable when a claim is attached to the property. Lastly, failure to follow recording and filing procedures on real estate documents is another cause of title defects.
In an effort to reduce these defects, the company has made four additional property reports online. They are the Tax Report services, Tax Status (Plus) Report, Current Owner Report and Assignment Verification Report Services. Individuals are encouraged to check them to ensure that their properties are safe and do not have outstanding property taxes.
According to the company’s chief executive officer, John Hillman, the new improvements at the company are in line with the business’s goal of providing the public with a simple, fast, and systematic process that allows them to access their property report. Accuracy of the data is crucial. NTC has enhanced its research process on actual land records to facilitate correctness of the reports. The company obtains its data from other sources such as the counties. In addition, NTC enhances accurateness of the reports through verifying data using both automated and human processes.
About Nationwide Title Clearing, Inc.:
NTC was founded in 1991. It is based in Palm Harbor, Florida. The company provides document-processing services to the residential mortgage industry. It is regarded as the largest private company in this field. Some of the company’s clients are leading enterprises in the mortgage lending industry. In addition, NTC provides services to investors and servicers. The company was ranked as the 26th fastest growing company in Tampa Bay. It also featured on the Fast 50 Awards’ list.