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NTC Executive Helps Lead Effort to Publish Best Practices Document Now Approved by PRIA Board

Posted on 5/28/2015 by Derrick Minutello in Nationwide Title Clearing NTC Business WIre
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Palm Harbor, Fla., May 28, 2015 – Nationwide Title Clearing, Inc. (NTC), a leading service provider to the mortgage and financial industry, announced today that Myron Finley, the firm’s Chief Legal Officer and co-chair of the Business Processes and Procedures Committee for the Property Records Industry Association (PRIA), was instrumental in leading a group of industry volunteers to complete work on PRIA’s Indexing Best Practices paper. Finley, along with his committee co-chair Kathi Guay, CPO and Register at the Merrimack County Registry of Deeds in New Hampshire, led a breakout session on the paper at the PRIA Winter Symposium held recently in Arlington, Virginia. The PRIA board approved the paper at that event.

Hot off the wire! This Press Release was published today.

 Palm Harbor, Fla., May 28, 2015 – Nationwide Title Clearing, Inc. (NTC), a leading service provider to the mortgage and financial industry, announced today that Myron Finley, the firm’s Chief Legal Officer and co-chair of the Business Processes and Procedures Committee for the Property Records Industry Association (PRIA), was instrumental in leading a group of industry volunteers to complete work on PRIA’s Indexing Best Practices paper. Finley, along with his committee co-chair Kathi Guay, CPO and Register at the Merrimack County Registry of Deeds in New Hampshire, led a breakout session on the paper at the PRIA Winter Symposium held recently in Arlington, Virginia. The PRIA board approved the paper at that event.

 “One of the biggest challenges facing this industry in the last decade has been the migration of business records generally from those recorded on paper to those recorded electronically,” said Finley. “This has caused a shift in legal requirements, technology, document processing standards and compliance practices that have truly transformed nearly every aspect of public land records systems. These new best practices address this challenge.”

The Indexing Best Practices paper was the first project the Business Processes and Procedures Committee took on after Finley joined the effort in 2013. A paper on the subject had been written by Carl Ernst, one of the early and pivotal members of PRIA, and approved by PRIA’s Board of Directors in 2002. However, considering the many pervasive technological changes since then, it was determined in the early summer of 2013 that the paper was due for an update. 

 As a result of a many-month-long examination of the subject by numerous volunteers from the PRIA membership, under the direction of Finley and Guay, the revised paper was presented at the Winter Symposium where it was adopted by the Board.

 “PRIA works at the cutting edge of our industry, giving us all the tools we need to work together more effectively,” Finley said. “One of PRIA’s most important characteristics is its commitment to foster this discussion, and to apply the skills and resources of both the government participants and the business participants to the many challenges that face those intimately involved with public land records. I’m proud that our firm participates.”

Finley was joined at the Winter conference by Brian Ernissee, NTC’s Director of Document Completion, who oversees the eRecording team. Under Ernissee’s direction, NTC has increased its eRecording capability to nearly 70% of total volume and established benchmark compliance systems in the areas of document review, legal document authorization (for states that require it) and signing authority.

 “Recording documents in the public record has become a national industry, rather than a local one,” Ernissee said. “Many companies are challenged by the need to comply with the varying indexing systems and their accompanying rules in more than 3,600 recording jurisdictions nationwide. The need to do so slows the entire system and increases the costs of recording documents. To the extent recorders can work within an indexing model that is used broadly, documents can be recorded more swiftly and with greater confidence, and at a lower cost.”

 PRIA is an organization with a unique voice in the land records industry that develops and promotes national standards and best practices. It builds consensus among divergent groups within the industry of what best practices are, and publishes the results to foster consistency and cooperation. It provides a forum where government agencies and commercial enterprises can work together to solve problems that are common to us all. 

 

About Nationwide Title Clearing

Based in Palm Harbor, Florida and founded in 1991, NTC is a privately-owned leading research and document-processing service provider to the residential mortgage industry.  NTC services mortgage lenders, servicers and investors, including eight of the top 10 residential mortgage servicers in the country.  NTC is known for delivering the highest level of accuracy in research services and quality document processing that set the industry standard while protecting homeowners, assisting the mortgage banking industry and preserving the nation’s land records.  The company’s land records and document experts are able to track and fulfill county document requirements in all recording jurisdictions nationwide, which is close to 3,600 different jurisdictions.  NTC specializes in providing land records research, property reports, lien release services, assignment services, final document tracking, document retrieval and other custom business solutions.  NTC’s expansion is tied to its contribution to the industry and its local community, ranking number 26 on the 2013 Fast 50 Awards list of fastest growing companies in Tampa Bay, as well as number 1,900 on the 2013 Inc. 500/5000 list of fastest-growing companies in America, up from number 2,730 in 2012.  NTC also won the Inc. Hire Power award for the second consecutive year in 2013 for putting Americans back to work.  For more information visit  www.nwtc.com.