Nationwide Title Clearing (NTC), Inc, is the leading provider of residential property reports to the mortgage and investment industries. In recent years there have been major problems with property reports containing title defects, an issue that NTC has met head-on with its newly revamped website that now allows property reports to be accessed online. When a title defect occurs it puts a halt to the process of a property being sold until it is resolved and can also lead to wrongful foreclosures in some cases.
There are a number of causes of title defects with the most common one being when an individual or entity lays claim to a property that they don’t own. Another cause is when the wording in the document isn’t in compliance with the real estate standards that are in effect for its county. Sometimes property records are missing signatures like the spouse of a homeowner, or the documents weren’t correctly recorded and/or filed. In other cases, the property shows liens and other encumbrances that should have been removed.
Through its new website, NTC makes it quick and easy for lenders and investors to obtain accurate property records. The four most common property records that are needed and are now accessible online includes Current Owner Reports, Assignment Verification Report Services, Tax Status Report, and Tax Status (Plus) Reports. These documents are verified with multiple sources to ensure accuracy, including the counties the home is located in.
NTC, founded in 1992 is headquartered in Palm Harbor, Florida. The company has other offices in the United States with the most important one being its new offices in Dallas, Texas. This location houses a data center and staff that backs up the Palm Harbor location. If there is an emergency or major disaster this setup allows NTC to seamlessly continue with operations until the problem is resolved. Additionally, this office helps with work overflow that sometimes occurs in Palm Harbor as the company processed property records from 3600 counties across the United States.
The management and staff at NTC believe it is important to give back to the communities in which they operate. To this end, they have partnered with a number of charitable efforts in the greater Tampa Bay area. NTC is a supporter of Feeding Tampa Bay which provides food to more than 700,000 disadvantaged people throughout West Central Florida. The staff at NTC has also been longtime volunteers for the West Central Florida Chapter of Ronald McDonald House which provides a place to stay for the families of children who are being cared for in a children’s hospital. Other charities they support include Southeastern Guide Dogs, Habitat Pinellas, and the Humane Society of Pinellas.