Nationwide Title Clearing Inc. (NTC), a Palm Harbor, Fla.-based service provider to the mortgage and financial industry, released a new white paper that provides a methodology for scoring a bank's trailing document process.
According to the company, trailing documents have presented serious problems for some banks, exposing them to risk and costing servicers time and money. The white paper is designed to help banks avoid negative attention from regulators while maximizing returns from limited resources.
‘In today's highly regulated environment, problems with document tracking or flow can have a profound negative impact on the firm's ability to protect loan assets,’ says Joellen Raiti, NTC's vice president of marketing and author of the white paper. ‘There are many potential savings and efficiencies to be realized if you take the time to look for them.’
The white paper is now available online.