OREANDA-NEWS. August 02, 2016. Nationwide Title Clearing (NTC), the leading post-closing services provider for the nation’s largest financial institutions, investors and servicers, announced today that the company had seen increased demand for its final document processing services, with a marked increase following the CFPB’s rollout of its new TRID rules.

“It’s vitally important that the documents make their way back from the County Recorder’s office and into the hands of the investor, post closing, on a timely basis,” said NTC CEO John Hillman. “Neither the origination team nor the servicer is in a position to take on this responsibility without exposing their organizations to significant risk. We created our Final Documents service to fill this need, mitigating the risk for both parties and ensuring that the investors get the information they need in a timely fashion.”

NTC’s Final Document service reduces the percentage of outstanding documents that must be retrieved later, and leads to better investor relations and fewer schedule-related penalties. It also reduces costs through a well-designed and efficient workflow. Originators are embracing the service because it eliminates the need to recruit, train and maintain a professional team in the face of uncertain loan volumes and is specifically designed to guard against investor penalties and buyback requests.

The service includes:

-- Complete System Integration and/or Web-based Hosting of Document Status and Images – NTC can either serve as the system of record or update the client’s.

-- Flexible Audit, Document Requirements and Deadlines tabled by Investor, Custodian and/or Internal Guidelines – NTC provides for full customization of the offering.

-- Life of Loan Enabled Services include: Servicing Data Validation, MERS Updates, Assignments and/or Lien Releases – discounts on same order processing are available.

-- Effective Document Chasing Processes Escalated In Accordance with Investor Specific Deadlines – designed to minimize investor imposed penalties and buyback requests.

-- Closing Agent and/or Correspondent Scorecarding – NTC provides data to score performance, delivery ratios and error percentages for these key relationships.

“This service is in very high demand right now because industry players realize that compliance, particularly investor compliance, has become too complex for their internal teams to manage effectively,” Hillman said. “They have to find the best possible partners if they hope to mitigate the risks involved. I’m proud that we have the team and the service offerings to be that trusted partner.”

For more information about NTC’s final document processing services, visit here.

About NTC

Nationwide Title Clearing, Inc. (NTC) is a privately-owned leading research and document-processing service provider to the residential mortgage industry. NTC has been servicing mortgage lenders, servicers and investors for 25 years, resulting in a recent expansion that is also tied to its contribution to its industry and its local community. NTC ranked number 13 on the Tampa Bay Business Journal’s 2014 Fast 50 Awards list of fastest growing companies in Tampa Bay, and number 3,108 on the 2015 Inc. 500/5000 list of fastest-growing companies in America. NTC has also won a Top 100 Workplace Award from the Tampa Bay Times, five times in its history. For more information, visit the company’s website at www.nwtc.com.