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Study Shows NTC Offers Minimum 50-percent Cost Savings

Posted on 1/16/2017 by Nakota Wagner in Research Document Processing Services Residential Mortgage Industry Lien Release Final Documents
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John Hillman, CEO of NTC, explained that NTC prides itself on making sure their clients come first by conducting this extensive study.

Nationwide Title Clearing (NTC), a provider of research and document-processing services to the residential mortgage industry, announced the results of an internal analysis of client costs with NTC Research Services, which found that the company generated cost savings of more than 50 percent.

The company performed an internal study to determine the true cost savings the com­pany was capable of delivering its clients on lien release and its final documents services. In that study, NTC delivered cost savings of 54 percent and 46 percent, respectively.

NTC was able to perform 87 percent of the clients’ orders online by utilizing in-house data sources. Some of the cost factors consid­ered in their clients’ savings include FTEs, timeliness of meeting statute deadlines, reject reproduction, infrastructure and technology, management, mail fees, training, overtime and overflow management, imaging per-page fees, legal and research, abstract, and many other factors.

John Hillman, CEO of NTC, explained that NTC prides itself on making sure their clients come first by conducting this extensive study.

“Every NTC client knows that they are saving money by working with us, but we feel it’s important that they know how much they are saving,” Hillman said. “It requires a comprehensive study to determine exactly how much a company is spending internally on a function, and we underwent our study with the same diligence that our clients would. After a careful analysis of all of the factors that do go into the completion of the work we do for our clients, we were very pleased with the results.”