(Palm Harbor, FL) May 21, 2019 – 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.”
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.