Nationwide Title Clearing (NTC) to Attend MBA’s National Fraud Issues Conference 2012

Nationwide Title Clearing (NTC) to Attend MBA’s National Fraud Issues Conference 2012

Palm Harbor, Fla. (PRWEB) February 29, 2012

With a constantly changing landscape, mortgage servicers are called to meet new and evolving challenges nearly every day. Nationwide Title Clearing (NTC) continues to meet that challenge. As the nation’s leading post-closing services provider for the residential mortgage industry, NTC has united with top mortgage lenders, servicers, investors, GSE’s and federal government agencies to reinvent and standardize the assignment process in order to provide clear and accurate land records. As ongoing continuing education and participation to maintain and stay in the forefront of industry best-practices, NTC will attend MBA’s National Fraud Issues Conference, April 22 – 25, 2012, in Phoenix, AZ.

While NTC has worked closely for years with its clients, who include eight of the top 10 residential mortgage servicers in the country as well as several federal government agencies, to standardize the mortgage assignment document process, NTC executives have been educating the public on what indicators too look for that may point to fraudulent mortgage documents.

According to NTC, the top 3 points that indicate potential fraud on recent documents(1) are:

1. The preparer is unable to provide proof of signing authority either by corporate resolution or power of attorney. A Corporate Resolution is the documentation of a corporate action, usually in the form of a legal document that has been voted on or ratified at a meeting of a corporation’s board of directors. These documents grant very specific rights, including the ability to sign for the client on specified document types, such as assignments and lien releases. They often contain provisions that ensure the person being granted signing authority may only sign documents on a mortgage or loan that has been specifically requested by the client. A power of attorney is a legal document giving one person (called an “agent” or “attorney-in-fact”) the power to act for another person (the principal). The power of attorney is frequently used in the event of a principal’s illness or disability, or when the principal can’t be present to sign necessary legal documents for financial transactions.

2. The company or person that prepared and submitted the document(s) cannot be located nor is accessible to provide proof.

3. The corporate officer and notary are the same individual or same signatures on a single document. The notary should never be one and the same as the corporate officer signing per authorized corporate resolutions.

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Knowing potential fraud is only one side of the coin, NTC says. For comparable data, NTC also educates their clients on the top 4 points that indicate it’s probably not mortgage fraud(2), which are:

1. The notary is/was in good standing and has/had a valid commission covering the date signed. This is as simple as contacting the State Department handling Notary appointments in the state the notary was commissioned.

2. Signers are able to provide proof of signing authority and are able to confirm that they signed the document.

3. The document conforms to all state document guidelines and was officially recorded in one of the 3600 county recording districts. With nearly 3,600 county recording offices nationwide, each one having its own codes, filing systems and regulations on how land records must be prepared and recorded, mortgage servicers must be able to meet the exacting requirements of every one of these offices, something NTC has down to a science.

4. Preparer is a fully audited, secure and reputable company, evidence by standard outside and extensive audits performed every year. Extensive audits such as the SSAE-16 or the SAS-70. SAS is an acronym for the American Institute of Certified Public Accountants (AICPA) Statement on Auditing Standard (SAS) No. 70, is standard in the mortgage servicing industry which defines the professional standards used by a service auditor to assess the internal controls of a service organization, thereby offering a checks and balances system within the industry. This is one of the many audits service providers, such as NTC, must undergo annually.

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Mortgage applications have continued to increase, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 3, 2012.(3) To accommodate the growing number of homeowners and buyers seeking refinancing or new loans, many lenders, servicers and investors have come to rely on NTC’s extensive experience in property reports, lien releases and assignment verification. “It’s important to NTC to ensure that there are established, accurate and thorough processes to improve the validity of all assignments in our industry,” says Hillman. “Educational platforms such as MBA’s National Fraud Issues Conference are vital for us to attend given today’s climate.”

Hillman also stated that having accurate true data is the pervasive influence that will help to correct document problems that plague the industry today and protect the property rights of homeowners into the future. Through NTC’s PerfectChain(SM) Assignment Verification Process, NTC has confirmed with its clients that its processes and practices pass the criteria required by the recent OCC, OTS and Federal Reserve consent orders.(4)

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About Nationwide Title Clearing, Inc.

Headquartered in Palm Harbor, Fla., Nationwide Title Clearing (NTC) was founded in 1991 and incorporated in 1992; and has since grown to become the nation’s leading post-closing services provider for the residential mortgage industry. In addition to supporting lenders, servicers and investors – including eight of the top 10 residential mortgage servicers in the country – NTC also contracts directly with several federal government agencies. The company’s land records and document experts are able to track and fulfill county document requirements for more than 3,600 recording jurisdictions nationwide, and have considerable experience with state notary laws and valid execution practices. NTC specializes in processing lien releases, assignments, Mortgage Electronic Registration System (MERS®) services, final documents, document retrieval, title searches, title policy retrieval, title policy replacement, capital markets/hedge fund bundled services, imaging and other custom business solutions. For more information about Nationwide Title Clearing, visit the company’s website at http://www.nwtc.com.

For more information regarding MBA’s National Fraud Issues Conference visit http://www.mortgagebankers.org and click on Upcoming Signature Conferences.

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4closureFraud.org

Comments
18 Responses to “Nationwide Title Clearing (NTC) to Attend MBA’s National Fraud Issues Conference 2012”
  1. Igor says:

    Maybe this is a ‘networking’ opportunity?. Maybe this is how they will ‘communicate’ under cover of ‘meeting’. Every communication, room and toilet should be bugged by the FEDS.
    http://www.mbac.org/cms_bwm/uploads/78.pdf

  2. Igor says:

    Maybe this is a ‘networking’ opportunity?. Maybe this is how they will ‘communicate’ under cover of ‘meeting’. Every communication, room and toilet should be bugged.
    http://www.mbac.org/cms_bwm/uploads/78.pdf

    • lvent says:

      YEAH BABY..YEAH..!

      • lvent says:

        EVERYONE PLEASE TUNE IN TOMORROW NIGHT TO CNN PRESENTS AT 8:00 PM EASTERN TO THEIR PROGRAM ENTITLED…..SOLDIER GUINEA PIGS….
        THIS COULD NOT COME AT A BETTER TIME FOR ME BECA– USE I HAVE BEEN TRYING TO TALK MY SON OUT OF JOINING THE MARINES AND JOINING A MILITIA INSTEAD FOR REASONS WELL KNOWN TO ALL OF US…!

  3. kevin says:

    I’m gettiing ready to expose their fraud again by deposing Elsa Mckinnon and Mary jo McGowan. NTC has retained an a turn on me on their behalf. How funny that is. Especially since mcgowan no longer works for them. They must be scared of something being revealed in a deposition. I cant wait to get this date set.

    • J.R. Homeowner says:

      Kevin,
      When deposing $cientologits there are few things that you MUST know beforehand.

      1. $cientologits are TRAINED to lie. Yes, they actually take a class on it! They call their lies “acceptable truth” and have absolutely ZERO regard for having sworn an oath or the threat of perjury. Thre ARE ways to get the truth out of them in testimony, but you must know how.

      2. You MUST understand what the “Org Board” is and how it functions in a $cientology run organization. NTC is run using what they call “Admin. Tech.”, specific principles by which a business is run codified by L.Ron Hubbard in a series of books . The “Org Board” is part of that dogma. It will guide you through NTC’s “chain of command”.

      3. You must understand what a WISE company is and how it interacts with the $cientology organization as a whole. (WISE = World Institute of Scientology Enterprises)

      4. You must understand what L. Ron Hubbard instructed his cult followers regarding law suits. It is “religious scripture” to them:

      In 1960 Hubbard proceeded to establish “Special Zone Departments” in all Scientology® organizations to co-ordinate the efforts of Scientologists to infiltrate society. Two months later this Department was incorporated into the “Department of Government Affairs.” Hubbard wrote:

      “If attacked on some vulnerable point by anyone or anything or any organization, always find or manufacture enough threat against them to cause them to sue for peace. Peace is bought with an exchange of advantage, so make the advantage and then settle. Don’t ever defend. Always attack. Don’t ever do nothing. Unexpected attacks in the rear of the enemies’ front ranks work best.”

      Hubbard, HCOPL, Dept of Govt Affairs, 15 August 1960. See also Hubbard, HCOPL, Dept of Government Relations, 22 August 1960 (Hubbard seems to have been unsure about the name of the Department) and Hubbard, HCOPL, Special Zone Dept, 30 August 1960.


      “The purpose of a lawsuit is to harass and discourage rather than to win…. Don’t ever defend. Always attack. Find or manufacture enough threat against them to cause them to sue for peace. Originate a black PR campaign to destroy the person’s repute and to discredit them so thoroughly they will be ostracized….”

      “”This is correct procedure:
      (1) Spot who is attacking us.

      (2) Start investigating them promptly for FELONIES or worse using our own professionals, not outside agencies.

      (3) Double curve our reply by saying we welcome an investigation of them.

      (4) Start feeding lurid, blood sex crime actual evidence on the attackers to the press.

      (5) Make it rough, rough on attackers all the way.”

      — L. Ron Hubbard
      Sacred Scientology® “scriptures.”

      Kevin, I will be happy to assist you in preparation for deposing NTC cult members.

    • J.R. Homeowner says:

      Elsa Mckinnon – Scientology Service Completions

      Elsa Mckinnon in Scientology’s Published Service Completion Lists
      The following 1 individual completions for Elsa Mckinnon appear in official Scientology publications:

      Elsa McKinnon OT DEBUG SERVICE Freewinds 55 2004-12-01

      http://www.truthaboutscientology.com/stats/by-name/e/elsa-mckinnon.html

      Else McKinnon is one of $cientology’s “mighty OTs”, or “Operating Thetans”
      She is in one of the higher levels of the cult and has paid MANY hundreds of thousands of dollars to get to her present level.

      Elsa McKinnon believes in the XENU space alien story and as an “OT” also believes that she can control “MEST” (Matter, Energy, Space and Time) with her mind.

      She believes that YOU are a mere “wog” Kevin and that *she* is a “big being” and “at cause” over you.

      You will be deposing a SERIOUS cultist Kevin….Good Luck.

      • kevin lilly says:

        What a farse that was. She’s is a huge liar. She can’t remember anything I asked her. she only remembers signing the ASG on a date in 2004 and claims she did sign it in front of the robo signer Mary Jo McGowan, but remembers absoultely nothing else. An amazing memory to remember only that one ASG. She had no answer as to why it was notarized 6 monthst after she signed it. I’m asking NTC for copies of the Corporate Resolution by which authorizes her to sign on their behalf. What a JOKE… She lied under OATH, How the hell can I prove that??????

      • PIZZAGATER says:

        Holy shit. 5 years later and I found myself here because of #Pizzagate. These guys actually are pedophiles. This FAKE NGO is being used as the place to traffic the kids i think because look at the page owners review of the place http://archive.is/zitlo > FAKE USER NAME

  4. J.R. Homeowner says:

    WHO RUNS NATIONWIDE TITLE CLEARING?

    Norm Novitsky:
    Novitsky started Nationwide Title Clearing in 1992. Now retired, but still listed as an officer, he lives in California, where his BluNile film company is producing a horror movie, Pray for Morning. In October, Novitsky filed a Chapter 11 bankruptcy listing $1.63 million in debts, some from soured real estate ventures. He owes $100,000 to the IRS. The Novitskys, along with the families of other Nationwide Title Clearing owners (Hillman, Marsh, Kezsbom, Kugler, and Turbin), collectively donated at least $1 million to Scientology’s Super Power building in Clearwater.

    Myron Finley:
    Finley is an officer and director of NTC. Licensed to practice law in New York and California, Finley had his name on a Clearwater law firm and in 2006 signed a cease-and-desist affidavit agreeing not to practice in Florida. In October, the IRS filed a $217,435 tax lien against Finley for delinquent taxes from 2000 to 2003. He previously had IRS liens totaling $139,777, but had paid them.

    Erika Lance:
    She replaced Myron Finley as NTC’s registered agent. She joined NTC in 2004 and is senior vice president for administration. She has declared bankruptcy three times, most recently in 2009 when she listed a salary of nearly $84,000 and debts of $468,846.

    http://www.tampabay.com/news/article1148525.ece

    • lvent says:

      J.R. HOMEOWNER…..THE NWO GLOBALISTS HAVE HIJACKED AND STOLEN ALL OF IT…!!! SO SCREW THEM AND SCREW THAT…! THIS WAS THE BIGGEST FOREIGN AND CRIMINAL ELITEIST COUP DE TAT OF OUR WEALTH AND BUSINESSES AND JOBS IN HISTORY….AND NOW THEY ARE COMING FOR OUR COUNTRY!!! WE THE PEOPEL MUST FORM MILITIAS NOW….AND LET THEM ALL KNOW THAT WE THE PEOPLE ARE READY AND WAITING FOR THEM…!!!! WE THE PEOPLE ARE NOT …HOME ALONE….WE THE PEOPLE ARE ALL ARMED TO THE TEETH…AND READY AND WAITING FOR THEIR LOW DOWN DIRTY, FOUR FLUSHING, PEDOPHILE CRIMINALS ASSES…AND WE THE PEOPLE WILL DEFEND OUR HOMES…AND ALL OF OUR RIGHTS AFFORDED TO ALL U.S. CITIZENS BY OUR FOUNDING FATHERS….!!!

  5. J.R. Homeowner says:

    Scientology founder’s tenets drive Pinellas title company, under fire for rapid document processing

    By Susan Taylor Martin, Joe Childs and Thomas C. Tobin, Times Staff Writers
    Tampa Bay Times In Print: Sunday, January 30, 2011

    http://www.tampabay.com/news/scientology-founders-tenets-drive-pinellas-title-company-under-fire-for/1148529

  6. J.R. Homeowner says:

    One thing that $cientologist cult members are good at is writing press releases chock-full of , well lets face it, chock-full of pure bullshit.
    As a $cientology cult managed business, NTC doesn’t disappoint in the bullshit catagory.

    By the way, whatever happened to Brian Bly and Crystal Moore????
    Were they banished to toilet cleaning duty over at the cult headquarters in Clearwater??

  7. see says:

    Wow the laughing mouse in so many places is so appropriate in this case. When reading this all I could think about is the 3 idiots who did the famous depositions in which they made complete fools of themselves. NTC should be well aware of the signs for fraud because they use them on a daily basis. This is such a joke.

  8. flex says:

    What a disgrace to have NTC and MBA to handle millions of transaction records in this country after finding that they are involve in so much wrong doing. From pre-fabricating documents, forging signatures, and notarizing documents with back dated or expired commissions of the notary. Doesn’t NTC have a shame? Do they really think Americans are that stupid? Why isn’t NTC indicted from all their wrong doing in robot-signing and fraud committed in millions of people who had lost their homes in the last five to six years?
    For NTC to tell us a list of sign of what to look for in illegal documentation is evidence enough of what they are actually specializing and doing to drive this economy and this country to its knees.
    This is another way to show how corporations and the banks rule in this country. Why doesn’t a judge put this people in jail after they found NTC committed so much fraud on the people, on the court, and they break the law everyday with so much arrogance that they actually laugh in our faces.
    I can’t believe we live in a country that the justice system is being bought by those in power with lots of money. Maybe we should pardon all the thousands of people that went to jail with the S&L scandal in the 80’s. We should also give immunity to all the CEO’s from Enron and S&L and elect them presidents or major corporations to set an example of how crime doesn’t pay.
    Amazing how NTC boasts their affiliations with so many crooks out there including MERS Corp.
    How can this people continue doing business in this country after knowing the facts of their wrong doing?
    Where is the FTC, DOJ, OCC, FBI, CIA, US Government, the President, or any Sheriff or law enforcement out there to make a stand and do something about this mess? Better yet, when are the leaders in this country stand up for the American people and do something to clean up the house and get rid of this cancer?

    • Pamela Edwards says:

      Wow I so agree with you.Unfortunatley the people you are looking for no longer exsist.They have been led and brainwashed down the path to perdition never to return.You are 100% correct on how it should be but thats a perfect world and we don’t have that.Good luck in your continuing fight and never give up.

  9. Pamela Edwards says:

    Gotta love that mouse!!And he’s got a good reason to laugh.Never in my life have I heard such addle pated tripe .This has to be the joke of the century.My response to these NTC standards would have to be…Really dude?I mean seriously? Thanks for the laughs.ROFLMAO!!!

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