In 2009, a low-profile Pinellas County company drew unwelcome attention in a growing national controversy over home foreclosures.
Employees of Nationwide Title Clearing, a leading processor of mortgage-related documents for banks, loan servicers and the Federal Deposit Insurance Corp., were under fire for signing paperwork as “vice president” of various banks although they actually worked for NTC.
The assembly-line process in which workers scrawled their names or initials on hundreds of documents at a time — typically without reading them — helped prompt the term “robo-signing.” Critics said robo-signing raised questions about the accuracy of documents and the legality of thousands of foreclosure cases.
What few people knew was that the Palm Harbor company had extensive ties to the Church of Scientology. And that NTC’s owners, who have donated heavily to church projects, ran the company on management principles of Scientology founder L. Ron Hubbard.
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By Susan Taylor Martin, Times Senior Correspondent
Who’s who in Nationwide Title Clearing
Nationwide Title Clearing, a Palm Harbor company that processes documents for the residential mortgage industry, is owned by members of the Church of Scientology and some of its top managers are Scientologists.
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