Nationwide Title Clearing, Inc. was a success from its inception in 1991. It started out as a small, local title and abstract company and in 25 years it has grown to be one of the largest and most proficient distributors of wholesale mortgage documents in the world.
Success such as this just does not occur by accident, but by good leadership and close management. The mortgage business is very competitive, yet eight out of the top ten retail mortgage and lending companies have chosen Nationwide as their primary source for documents. These companies are among the largest retail lenders and mortgage companies in the world.
The primary criteria that retail institutions look for are the speed of delivery and the accuracy of that delivery. Consider a closing meeting regarding the transfer of property from the seller to the buyer. Most people who have been involved in a closing of one property or another, realize that the proper documents, such as a lien release and a statement of clear title must be available or the closing will have to be rescheduled, or worse a buyer might back out of the deal.
Employees are trained continually on the procedures and are allowed to input their ideas regarding procedures. An employee sometimes can see better because they are continually right there, so management listens to those suggestions.
Nationwide Title Clearing, Inc. has a compliance rate of 99.89% and a rate of failure of only, 78%, which means that Nationwide is delivering documents at reliable speeds and great accuracy nearly 100% of the time. When you consider the volume of documents that Nationwide deals, this is most impressive.
Nationwide can reach out to each and every county in the United States and to every other jurisdiction where these records are stored. This amounts to over 3,600 entities that store records that the company can access. Clients can order these records directly, in many cases. They are supplied with their proprietary code to gain access, and the results are instantaneous.
These impressive results are due in part to a very heavy investment in technology that ensures that proper auditing and follow-up procedures are always in place. Just about every step in Nationwide’s process procedures has been audited by just about everyone including Nationwide. Each step in each procedure has detailed best practices outlined and followed.
If the past is an indication of events to come, Nationwide Title Clearing, Inc. is bound for more success at even higher levels. There is little doubt about that.