The document provides best practices for mortgage servicers managing
this important process.
PALM HARBOR, Fla.–(BUSINESS WIRE)–Nationwide Title Clearing (NTC), the leading post-closing services
provider for the nation’s largest financial institutions, investors and
servicers, has published a new white paper that provides a set of best
practices for partnering with a lien release provider. The new paper,
written by industry expert and NTC Vice President of Sales and
Marketing, Danny Byrnes, is for mortgage servicers that manage the lien
release process as a final step in processing mortgage loan payoffs.
“This report covers best practices to consider when managing third-party
service providers for the processing of lien release documents, with
attention to requirements dictated under today’s regulatory
environment.” Byrnes wrote in the introduction to the document. “It’s
vitally important to have vendor controls in place to manage numerous
aspects of this work. In fact, it’s more important than ever before.”
The paper explains the top 13 issues that servicers should consider when
evaluating lien release management partners or their own internal
processes. It also covers 11 additional topics that remain vitally
important but must now be considered as foundational skills that any
competent vendor must bring to the table.
“Danny has outlined the eight best practices that any servicer can use
to create a strong and lasting partnership with their third-party lien
release provider,” said NTC CEO, John Hillman. “This material should be
considered important reading for anyone managing these partnerships on
behalf of the mortgage servicer.”
The white
paper is available now as a free download on NTC’s website.
About NTC
Nationwide Title Clearing, Inc. (NTC) was founded in 1991 and has grown
into a national leading post-closing services provider for the
residential mortgage industry. NTC provides a wide range of services to
the nation’s top mortgage lenders, servicers and investors as well as
various government entities. NTC’s mission is to deliver Life of Loan
services with the highest level of accuracy partnered with the mortgage
banking industry to protect homeowners while also preserving the
integrity of the nation’s land records. For more information, visit the
company’s website at www.nwtc.com.
Contacts
Rick Grant, 570-497-1026
