NTC Releases White Paper on Remaining in Compliance With Paper Trails – NMP Skip to main content

NTC Releases White Paper on Remaining in Compliance With Paper Trails

Nov 13, 2012

Nationwide Title Clearing Inc. (NTC) has released a new White Paper that provides a methodology for scoring a bank’s trailing document process. In recent years, trailing documents have presented serious problems for some banks, exposing them to risk and costing servicers time and money. “In today’s highly regulated environment, problems with document tracking or flow can have a profound negative impact on the firm’s ability to protect loan assets,” said Joellen Raiti, Nationwide Title Clearing vice president of marketing and author of the White Paper. “Evaluating your own trailing documents process regularly is a best practice that will help your company avoid negative attention from regulators and help you maximize the return from limited resources. There are many potential savings and efficiencies to be realized if you take the time to look for them.” NTC has built its reputation as a company obsessed with document perfection. The company’s business process is based on a regimen of stringent review, research and reporting performed prior to the processing and recording of accurate post-closing mortgage documents. NTC has offered its help to lawmakers in establishing industry-wide best practices which provide assurance to consumers, while also being practical to achieve within the industry. “As a company, we are nothing short of obsessed with every detail that goes into perfect land record documentation,” said NTC CEO John Hillman. “We want to take every opportunity to share best practices to aid consumers, protect land records and benefit our industry.”
About the author
Published
Nov 13, 2012
MISMO Updates Business Glossary To Support AI, eMortgages

New definitions covering eHELOCs, remote online notarization, valuation modernization, and compliance initiatives aim to improve consistency

Underwriters Don’t Slow Down Loans. They Eliminate Uncertainty.

ndustry’s biggest bottleneck is not underwriting itself — it is the uncertainty that reaches underwriting too late in the process. When validation happens upstream, speed follows naturally.

MISMO Launches AI Governance Framework For Mortgage Lenders

New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation

CFPB Tells Lenders Immigration Status Can Factor Into ATR Analysis

CFPB frames immigration status as a potential ability-to-repay factor when future U.S.-based income is at risk

UAD 3.6 Deadline Nears; First American Earns Verification

First American's ACI Sky Workbench gains verification ahead of the Nov. 2 implementation date for the GSEs' updated appraisal reporting requirements

MISMO Introduces New Loan Boarding Standard

Wrapper Files support standardized data transfers between origination and servicing systems, with potential savings of $60 to $160 per loan