PALM HARBOR, Fla.--(BUSINESS WIRE)--Nationwide Title Clearing (NTC), the leading post-closing services provider for the nation’s largest financial institutions, investors and servicers, announced today that an internal study has revealed a 40% increase in its lien release client base since 2011.
“This speaks directly to the trust our clients have placed in our company, our process and our people,” said NTC CEO John Hillman. “There is significant non-compliance risk in this process and keeping up with changes in 3600 jurisdictions is no easy task. With over 20 million lien releases processed and a statute compliance record above 99.8%, it should come as no surprise that our business is growing so rapidly.”
NTC’s offers a complete service for preparing and recording the documentation to cancel a mortgage as the final step in the payoff process. Substitution of Trustee services can also be built seamlessly into the lien release process, or offered as a standalone service. The highest compliance rate in the industry is supported by 30 full time Quality Control experts and a tested process that sees 71% of all documents eRecorded at the county level.
“We’re growing this business because we’re committed to it and the customers we serve,” Hillman added. “I’m very pleased with what we’ve been able to achieve. Given that our corporate culture fosters continuous improvement, I expect this growth trend to continue.”
Nationwide Title Clearing, Inc. (NTC) is a privately-owned leading research and document-processing service provider to the residential mortgage industry. NTC services the nation’s top mortgage lenders, servicers, investors and custodians, resulting in an expansion that is also tied to its contribution to its industry and its local community. NTC has won the Tampa Bay Times Top 100 Workplace Designation five times in its history. For more information, visit the company’s website at www.nwtc.com.