first_img Collateral File Audit and Remediation Florida Nationwide Title Clearing 2015-06-16 Brian Honea Previous: Trulia Hires New Chief Economist Next: Number of Properties With Equity Is Rising While Total of Underwater Homes Declines Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Servicers Navigate the Post-Pandemic World 2 days ago Is Rise in Forbearance Volume Cause for Concern? 2 days ago June 16, 2015 826 Views The Best Markets For Residential Property Investors 2 days ago Share Save Tagged with: Collateral File Audit and Remediation Florida Nationwide Title Clearing The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Home / Featured / Nationwide Title Clearing Now Offers Collateral File Audit and Remediation Service The Best Markets For Residential Property Investors 2 days ago About Author: Brian Honea Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Nationwide Title Clearing Now Offers Collateral File Audit and Remediation Service Florida-based research and document processing company Nationwide Title Clearing (NTC) is now offering a complete collateral file audit and remediation service, according to an announcement from NTC.Collateral files are audited by a team of professionals who use NTC’s document and research retrieval methods to bring the files up to a transferable standard and cure any exceptions. The collateral file audit and remediation service is customizable and can be tailored to specific portfolios, investors, and objectives, according to NTC.”The value of a mortgage-based loan portfolio is directly impacted by the completeness and accuracy-or lack thereof-of the collateral files of the loans of which it is comprised,” NTC CEO John Hillman said. “In some portfolios we have audited, we have found errors in 40 percent to 60 percent of the loans. Remediating the exceptions in these loans increases the value of the entire portfolio, and enables the owner of the portfolio to make more money with each sale.”NTC reports that the principal benefits of the collateral file audit and remediation service are complete file management under one servicer, which includes shipping, storage, remediation, assignments, property reports, exception management, and reporting; a reduced amount of money wasted from buybacks and/or reintegration into servicing departments; more certainty about representations and warranties from buyers; and the value of the assets presented for sale would be increased.For most NTC clients, the collateral file audit and remediation service represents and investment with an immediate payback; therefore, interest in the service is high, according to NTC.The collateral file audit and remediation service of NTC includes file intake, inventory, imaging, and indexing; complete collateral file creation; a fully customizable audit to the client’s specifications, curative and remedial actions for any exceptions, and complete file management. The service also offers a variety of property reports that are customizable to indicate lien position, broken assignment chains, the current beneficiary, or the current owner of the property. in Featured, News, Technology Sign up for DS News Daily Subscribelast_img read more