eRecording is consistently gaining ground in the mortgage industry, and Nationwide Title Clearing, Inc., believes the modern system trumps conventional paper recording by saving valuable resources and allowing mortgage lenders and servicers to increase focus on important issues such as compliance and accuracy.
As a leading post-closing services provider, Nationwide Title Clearing, Inc. (NTC) states that, amidst the changes occasioned by new regulations and compliance standards in the mortgage industry, electronic recording or "eRecording" may make things easier and should not be overlooked as a potential source for relief. eRecording is the process of filing and recording documents electronically with county recording jurisdictions rather than on paper and is a growing trend in the mortgage industry. In addition to eRecording saving environmental resources, staffing resources also become available by alleviating redundant or unnecessary work. Thus, potentially allowing mortgage lenders and servicers to refocus key resources toward important issues, such as compliance to the latest wave of regulations and improving accuracy.