NTC Unveils Mobile Imaging Solution For Servicers

Posted by Orb Staff on June 24, 2010 No Comments
Categories : Mortgage Servicing

wide Title Clearing (NTC) has introduced a mobile imaging offering that the company says will help servicers prepare for rushed loan transfers. In the event of an emergency seizure by the Federal Deposit Insurance Corp. (FDIC), government-sponsored enterprises or another investor because of concern over the solvency of the original institution, NTC's mobile imaging team has the capability to go where the loan files are located before the final settlement of a loan transfer occurs, the company explains. The imaging and inventory services are performed on a rush basis to ensure that the servicer that is assuming the loans can be prepared the first day it takes over servicing the loan. Buyers of seized assets usually have a very short window of time to exclude assets or renegotiate any exceptions, NTC says. "It provides the new servicer with an advance look at the loan files prior to the close of the loan sale,’ says Jeremy Pomerantz, senior vice president of sales for NTC. SOURCE: [link=http://www.nwtc.com]Nationwide Title Clearing

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