NTC’s suite of innovative default servicing solutions compliment and support any servicers process of handling non-performing loans and adhere to all regulatory and investor requirements. For 31 years, NTC has assisted to reduce process times, decrease cost and improve efficiencies. Partner with an experienced provider you can trust!
SERVICES:
Assignment of Mortgages: Assignment Chain Verification & Document Preparation
- NTC manages the process according to MERS guidelines, investor rules, and foreclosing entity requirements. Our assignments are prepared and recorded with a documentation package supporting that the mortgage is appropriately in the name of the foreclosing entity, enabling the movement to the next step in the process.
Assignment Verification Report
- NTC performs a thorough search of current land records and provides a report on the subject mortgage, including all applicable recorded documents in the assignment chain. Our report also specifies whether the mortgage was foreclosed or released and any additional problems found with the assignment(s) in the chain. (Optional: The position of the target mortgage is validated.)
Assignment Chain Restoration
- NTC processes quickly identify and isolate loans in any population with assignment chain issues that can stop a foreclosure process in its tracks. The Assignment Chain Restoration service prepares the appropriate document and facilitates execution from an authorized agent resolving the issue completing the assignment chain.
Chain of Title Binder for Notes & Endorsements
- NTC provides a Chain of Title Binder service that incorporates a note review to determine the note holder, remediate it to the foreclosing entity, and then include a validation of the chain of title in the package delivered.
Collateral Handling
- NTC will receive collateral file from your custodian, image, inventory and review each document (noting exceptions based on review criteria) then send and track required documents with bailee to attorneys.
Title Policy Corrective, Recovery & Replacement
- NTC supports default servicing, offering document retrieval processes for locating lost title policies, retrieving documentation, remediating exceptions, and issuing title nationwide.
Nationwide Title Clearing, Inc. | 800-346-9152
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