Assignment Verification Reports
Accurate Reporting on All Loans
For each loan, NTC’s research department performs a thorough search of current land records, reviews the findings and provides a comprehensive report on the subject mortgage, including all applicable recorded documents in the assignment chain as well as the determined current lender of record.
For loan pools, we provide a complete data feed with granular data separation allowing the ability to easily analyze the condition of a pool of loans and quickly identify exceptions or issues that need to be remedied.
The AVR is completed using current land records to support all life-of-loan decisions.
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A shorter version of this report, called the Assignment Verification XPress (AVX), is also available with a faster turn-time and a lower price. It contains everything an AVR does without the keyed report. Either report can be ordered in bulk, or individually online for residential properties nationwide with no order minimum.
AVR Report Includes:
- Mortgage information (loan amount, original beneficiary, original trustee, mortgagor/ mortgagee vesting, mortgage date, recorded date and recording info)
- Each assignment on record for the target mortgage (including assignee, assignor, recorded date, recording info)
- Any lost assignment affidavits (LAA) indexed and found against that mortgage
- Any corrective assignments recorded in the mortgage chain
- Any recorded rescissions that pertain to any assignments or releases of the subject mortgage that are indexed and found against that mortgage
- If found that the property has obviously been released, this is reported along with the pertinent document
- A designation of the assignment chain as either “clear” or “not clear”
- Optional: The position of the target mortgage is validated
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