The above named company is a private entity based in Palm Harbor, FL. The company was founded in Florida in 1991, and specified in the category of Bond and Mortgage Companies. The leadership noted that the real estate industry had been experiencing challenges especially when it comes to titles. It is unfortunate that within the secondary market there are such major blows such as unnecessary delays which bring out defects in the critical documents associated with property. For seamless conveyance of titles, the Nationwide Title Clearing Inc. executives feel that the property records are most significant and should hence be handled carefully.
So as to improve the state of the matter, the company endeavors in expert research, appraisal, as well as processing legal documents for the service providers, mortgage lenders, residential mortgage servicers and also the investors. The aspect of providing employment is also a crucial role that the company has played in the market. It is worth noting that the company employs not less than 100-249 people on annual basis, which is tremendous.
Key Factors That Could Lead to Title Nullifications
Use of simple language that does not meet the real estate standards could render a property legal document invalid. Real estate standards demand that the document must comply with the already set canons. As well, a property document may be nullified in the case where an individual or company claims land that is already in possession of another person or entity.
A title with missing signature of key parties involved in transaction is also considered invalid. While at this you also need to check that all encumbrances are removed, failure to which the document gets nullified. You realize that real estate is strict especially when it comes to legal matters. It is for this reason that John Hillman, the NTC CEO addresses such issues, and goes on to caution that the parties involved in transaction should clear all the defects before endeavoring in the actual transaction.
NTC’s Efforts to Aid the Revolutionizing Mortgage Industry
The company has automated most of the processes. This has been made possible through provision of property reports online to facilitate online ordering. They are also in the verge of implementing a fast and procedural process through which the people will access these reports. The best thing about this company is that they provide information they have gained from the ground. They conduct a thorough feasibility study on the land and avail the information online for access by the entire nation.
During the process they collect data from several counties in the United States. Their ability to remain competent has enabled them to win the trust of most lenders across the U.S. It is the way to go for those that are ready to embrace technology and allow it to simplify the formerly hectic manual procedures.