:: Lien Release Processing & Management
Benefits of Lien Release Processing Services:
- Clients get a partnership approach to services, not just a service provider.
- Assistance in determining states to mail original documents and recorded releases to the borrower.
- Assistance on states to charge pass through fees to the borrower. Lists of recording fees by county are available to clients on monthly update reports to ensure clients are collecting adequate funds from the borrower, but not overcharging.
- Utilizing NTC for the Lien Release process is also a form of protection for our clients. Clients gain a severe reduction to managing and assessing the risk associated with the lien release process and simply shift the majority of the risk to NTC for costly legal fines and penalties from late or improperly formatted lien releases. NTC offers comprehensive indemnity coverage for clients that include any mistakes in forms, fees or delays by NTC in processing lien releases. This is a great benefit in terms of protection for clients. A single lawsuit can cost a company millions.
- Lowered costs for your release process and greater efficiency through proven best practices and thoroughly audited and controlled processes.
- No longer will you have to keep up with all state and county laws and requirements for lien release processing and recording.
- NTC has substitution of trustee procedures that will drastically improve timelines and lower your costs for trustee states.
- You will see a reduction in out of compliance files due to faster processing times as well as reduced liability through NTC’s indemnity coverage.
- Clients save substantial postage costs by NTC leveraging high volumes across multiple clients to package documents going to the same county together and send 2nd day delivery for less cost per document than first class mail.
- Clients that utilize NTC for lien release services see great benefits in terms of reduction in overall costs for staffing to accommodate fluctuating workloads and reassignment of personnel.
- All of NTC’s services include custom integration with client systems, as available.
- NTC has extensive online tools that clients can access to automatically clear exceptions, order research services, and perform full data entry online.
- Prepared lien releases can be transmitted via image to clients to sign locally at their site.