Nationwide Title Clearing (NTC) Now Largest Lien Release Vendor in the Mortgage Industry

PALM HARBOR, Fla.--(BUSINESS WIRE)--Nationwide Title Clearing (NTC), the leading post-closing services provider for the majority of the world’s largest financial institutions, investors and servicers has now processed over 16,000,000 lien release documents for the nation’s mortgage industry, making it the largest provider of lien release services in the United States. The company made the announcement after an internal study revealed that the company has reached this production milestone.

“No one understands this process better than we do”

“The fact that we process more lien releases than any other provider in the industry is very satisfying, but knowing that 99.8% of our work is sent to record within statutory timeframes and in full compliance is the real value to our clients and homeowners,” said NTC CEO John Hillman. “Less than one percent of our documents are rejected in over 3600 jurisdictions. Managing lien release state and county laws, regulations and forms for this many recording jurisdictions that change on a regular basis is tedious. Many clients don’t have time or resources to do this. We specialize in it.” NTC’s lien release processing and management services include the entire process 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. A revolutionary document review process and NTC’s proprietary Signing Authority Database make sure all the necessary controls are in place to ensure valid signatures on all documents and that strict signing and notary standards are maintained. The company’s 30 Quality Control full time employees and a tested process ensure demonstrated compliance – with all releases completed correctly and within the statutory deadline. NTC has also reached 71% eRecording of Lien Releases, regularly. NTC’s Lien Release services include:

• Data capture and imaging
• Assignment chain verification, where required
• Exception handling
• Release document processing
• Substitution of Trustee services
• Document review and multi-tiered quality control
• Signing authority database management
• County recording / eRecording

“No one understands this process better than we do,” Hillman added. “It gives our clients the confidence to let us handle this important function while they focus on building their businesses.” About NTC: Nationwide Title Clearing, Inc. (NTC) is a privately-owned leading research and document-processing service provider to the residential mortgage industry. NTC services mortgage lenders, servicers and investors, including eight of the top 10 residential mortgage servicers in the country, resulting in an expansion that is also tied to its contribution to its industry and its local community. For more information, visit the company’s website at www.nwtc.com.