OREANDA-NEWS. June 16, 2016. Nationwide Title Clearing (NTC), the leading post-closing services provider for the nation’s largest financial institutions, investors and servicers, announced today that its File Services Division has helped remediate 130,000 files out of the 325,000+ since the inception of this service two years ago. Referred to internally as the 4C Division, File Services is responsible for delivering the company’s collateral file audit and remediation service. The service has become essential to companies seeking to securitize, sell or retain loan portfolios.

The File Services Division is headed by Nicole Large, Vice President of File Services. Her division is made up of three key departments: File Services, under Director Jennifer Witkoski; File Review, under Director Chelsea Seguin; and File Delivery, under Director Erika Ayala.

“For many of our clients, revenue gain starts with a perfect collateral file,” said NTC CEO John Hillman. “If the file isn’t perfect, our clients need to know about it. If they choose to move forward with the purchase or already have possession of the loan, the file must be perfected. This work is exacting and we have set a very high standard. I’m proud of the exceptional executives leading this division.”

In Division 4C, client files are reviewed by trained professionals. NTC then cures any exceptions by utilizing its state-of-the-art document research and retrieval methods to bring the files up to a transferrable standard. Collateral documents are audited and the final results reported so clients can make informed decisions when securitizing or transferring loans. This work may include assignment research, validation of lien position and remediation of collateral issues, collateral review as well as trailing document intake during transition.

Once NTC’s File Division team is finished, all files reviewed exceed regulatory standards and are in accordance with state and local guidelines. Reports are available with this service that identify mortgage lien position and determine assignment chain status. Once the file is restored, NTC can then provide subsequent processes including assignment/allonge preparation, document recording, e-recording and tracking.

For more information about NTC’s collateral file audit and remediation 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.