Company provides solution for lenders left unsatisfied by partial solutions
Nationwide Title Clearing (NTC), the leading post-closing services provider for the nation’s largest financial institutions, investors and servicers, announced today the launch of an innovative new document custody solution called Curative Vault. NTC’s Curative Vault Solution is a complete custody process that goes well beyond storage and inventory to include a collateral review to real-life industry standards, remediation exception reports, perfecting of the collateral file and more.
“Financial Services firms are paying too much and only getting a partial document custody process,” said Michael O’Connell, Chief Operations Officer at NTC. “This exposes them to risk because in too many cases the collateral files are incomplete or inaccurate, making it impossible to make good decisions should the loan go into default, become part of a securitized pool or go up for sale. Document Custody has traditionally been the last line of defense for a quality portfolio, but without the research and remediation components it simply can’t get the job done.”
As part of its new service, NTC chases down missing documents wherever they may be and assists with curing any assignment and endorsement exceptions. Then, the company prepares or facilitates any additional required documents to support loan sales and other life of loan events. NTC’s research and document teams have more experience than any other company in the space.
NTC’s Curative Vault Solution includes:
- Secure Storage Facility
- File Intake and Review
- Exception Curative Services
- Comprehensive Document Tracking
- Loan Transfer Assistance
- Imaging and Indexing
- Pre-purchase Due Diligence
NTC celebrated its 26th year of innovative service to the mortgage industry this year and has been recognized many times for its excellence over the years. Among its accolades have been inclusion in the Inc 5000 list for four years since 2012, inclusion in the Tampa Bay Times Top 100 Workplaces five times since 2011, inclusion in the TBBJ Fast 50 for 2013 and has twice been listed among the Top 200 Private Employers by TBBJ. Numerous NTC executives have also garnered industry recognition for their contributions over the years.