Nationwide Title Clearing (NTC), a post-closing services provider for residential mortgages, is among the industry leaders featured in the new “Giants of Innovation” book from HousingWire
. The publication will be released during the upcoming American Securitization Forum conference.
NTC has worked to improve the mortgage assignment document process for borrowers, homeowners, land records and the industry at large.
“We collaborated with the nation’s most respected mortgage lenders and servicers to revolutionize the way mortgage assignments are prepared,” stated John Hillman
, chief executive officer of Nationwide Title Clearing. “Through our PerfectChain
Assignment Verification Process, we have established best practices that set a new industry standard.”
Hillman explained that NTC felt it was necessary to overhaul the assignment process to help mortgage lenders and servicers comply with government regulations as well as the standards mandated by their own legal departments.
“The process needed to be improved in such a way to guarantee and provide evidence of document accuracy, while also being feasible for mortgage lenders/servicers to implement,” he said. “There are more than 3,600 county recording offices throughout the United States, and each one has its own rules and obligations. Our PerfectChain process makes it possible to meet the exacting requirements of every one of those offices.”
NTC’s land records/document experience and cutting-edge technology are described in greater detail within “Giants of Innovation.” HousingWire publishes its “Giants” series annually. It showcases leading mortgage technology companies, profiling select firms that exhibit “strong business leadership, demonstrate a willingness to take risks, and create and implement cutting-edge products.”