Nationwide Title Clearing was founded by John Hillman in 1991. The privately-owned research and processing service has since flourished, repeatedly earning a spot on a list of the fastest growing companies in America. Nationwide Title Clearing provides accurate research services to mortgage lenders while protecting homeowners and preserving land records all across America.
According to National Mortgage News title defects are becoming a recurring problem in the real estate market. A title defect occurs when the person selling a piece of property, under the assumption that they possess a valid title, does not actually own that property. Wrongful foreclosures and market stagnation have resulted because of an increase in title defects.
The most common reasons a title is rendered invalid include:
- Improper wording in the document that doesn’t comply with local real estate standards
- Missing signatures, such as a spouse or co-signer
- Liens and other encumbrances
- Failure to follow the proper procedure for recording and filing real estate documents
Title defects must be addressed prior to the sale of a property. Nationwide Title Clearing is dedicated to providing solutions for an always evolving real estate market. For that reason, they’ve made the following records available online:
- Tax status reports
- Ownership and encumbrance reports
- Assignment verification reports
“NTC has made it a goal to provide a simple, fast, step-by-step process of securing property reports,” said company founder and CEO John Hillman. “Our property report services are based on research conducted from actual land records and are accessible for any residential property nationwide.”
Nationwide Title Clearing has a unique data collection process that obtains data through multiple sources and utilizes both automated and humans for verification. This produces results so accurate that Nationwide Title Clearing is the preferred research, audit, and document processing provider service for the nation’s largest lenders. In fact, the company is proud to be the largest lien release and assignments provider in the world. The company accredits their success to their full understanding of clients individual needs and their ability to customize property reports to meet those needs.