Nationwide Title Clearing, Inc. employees volunteered a full day's work and resources to build a home for a low-income family. Efforts on the part of organizations such as NTC have contributed to a decrease in the number of homeless in the State of Florida.
Though most residents are unaware, Florida currently has the third largest homeless community in the nation, totaling some 50,000 individuals and families, and constituting 6% of the state's population. Community members have decided to take a stand and change conditions in this arena by supporting organizations such as Habitat for Humanity. As a result of these efforts, Florida has seen the largest decrease in homelessness in the country since 2012, by helping 8,000 people to get their own homes. Nationwide Title Clearing, Inc. (NTC), a leading research and document-processing provider for the mortgage and financial industry, is one community member that decided to get involved with the initiative to decrease the number of people living on Florida streets. In May, several staff members of NTC volunteered a full day's work to build a home for a family that would not have been able to afford the home otherwise.
Nationwide Title Clearing, Inc. has responded to calls for action with regard to title defects by making property reports readily accessible with online ordering. Title defects have become a major cause for concern within the real estate market in recent years, which some feel cause wrongful foreclosures and others feel they contribute to stagnation of what would otherwise be a smooth transition of assets within the secondary market. According to Nationwide Title Clearing, Inc. (NTC) executives, property records hold the key to ensuring a clear title conveyance and reducing the risk of buyback or inability to foreclose.
NTC, a leading research and document-processing provider for the mortgage and financial industry, has taken steps to make the process of securing property reports simple—the company recently launched an updated website, making property reports available online.
Nationwide Title Clearing, Inc. has joined forces with National Mortgage News in an ongoing video series designed to provide a knowledge base about current trends and new regulations in the industry.
Nationwide Title Clearing, Inc. (NTC), a leading research and document-processing provider for the mortgage and financial industry, was recently requested to lend its expertise to an educational video series called “Ask the Experts” on the National Mortgage News website. A total of 12 videos featuring several NTC executives will be released weekly over the course of three months and will cover various topics, including property reports, regulatory compliance, and how to monitor overall risk on lien releases. The first video, which launched mid-March, featured NTC’s Chief Legal Officer Myron Finley, who discussed Enterprise Risk Management (ERM) and its importance within the mortgage industry.
NTC recently attended the legislative meeting held at the Greater Palm Harbor Chamber of Commerce to show continued support of elected government officials, in conjunction with an effort to expand the company's CSR efforts within the community.
Nationwide Title Clearing, Inc. (NTC), a leading research and document-processing provider for the mortgage and financial industry, recently attended the legislative breakfast meeting hosted by the Greater Palm Harbor Chamber of Commerce. NTC officials attended the meeting in furtherance of the company's continuing dedication of supporting and working closely with federal, state and local representatives. In addition to the need to remain informed concerning the issues and opportunities being discussed within legislative bodies, NTC says the session was an opportunity for the company to further its goal of remaining an active part of the local community.
NTC comments on the recently implemented mortgage rules designed to eliminate risky lending practices - NTC predicts the rules will place emphasis on the company's compliance services.
As a result of the questionable lending practices that led to the housing crash, the Consumer Financial Protection Bureau (CFPB) has established a national standard for issuing mortgages. The Ability-to-Repay Rule, designed to protect consumers from debt traps, took effect Jan. 10. Nationwide Title Clearing, Inc. (NTC), a leading research and post-closing services provider for the residential mortgage industry, predicts that the new guidelines will help standardize the industry. NTC officials also maintain that while the new regulations will likely not affect the company's internal compliance processes, company officials expect a greater emphasis on NTC's services that help lenders and servicers comply with the new national servicing standards, such as its various research and property report products.