Nationwide Title Clearing (NTC) has announced that the company would expand its eRecording services to include nationwide eRecording of mortgage documents.
"As more lenders work to achieve the digital mortgage, eRecording becomes essential to maintaining a fully electronic workflow," said NTC Chief Executive Officer John Hillman. "This is made much more difficult by the fact that County Recorders in each of the 1,700 jurisdictions in which we most often eRecord documents all have different requirements. Because we have achieved such a high rate of compliance for servicers, it just makes sense for us to offer our expertise to originators and now, with the completion of the database, we can."
As part of its eRecording offering for mortgages, NTC provides: Cost savings for second mortgage/home equity lending processes; nationwide coverage; eRecord established in more than 1,700 counties; accurate recording fee and mortgage tax calculations; expedited walk-in recording available; 100 percent recording confirmation; the ability to manage volume fluctuations without SLA impact; and document quality check for county requirements.
"It really comes down to accuracy and attention to detail," said Dave LaRose, NTC's Vice President of Technical Excellence. "This is only possible with focused training and careful oversight, which is why we train continuously and monitor meticulously. This is the reason that we can eRecord 70 percent of the documents we touch and have achieved the unprecedented 99.98 percent statute compliance rate and 0.77 percent reject rate at all 3,600-plus counties, nationwide. No one else comes close to this level of document compliance."
