Assignments of Mortgage
Nationwide Assignments with No Volume Constraints & Fast Turn Times for Lenders, Servicers and Investors
Mortgage lenders, servicers and investors rely on NTC to process and double-check every detail of all assignments needed to effect life-of-loan events. NTC has a less than 1% rejection rate in more than 3,600 jurisdictions nationwide. Having established best practices that set the industry standard, NTC’s assignment services include each step of a very comprehensive process:
- Data Capture
- File/Document Image, Index and Inventory
- Exception Handling
- Signing Authority Database Management
- Assignment Chain Verification and Validation
- Assignment Document Preparation
- Document Review and Execution
- Multi-tiered Quality Control
- County Recording/eRecording
NTC consistently achieves over 85% eRecord coverage, greatly reducing document follow-up.
NTC can complete file imaging and indexing at the file location. We also offer precise loan review and investor delivery services in addition to assignment services. Turning to NTC for loan reviews saves time and money by eliminating the need to establish internal procedures, purchase software or train staff on complicated requirements.
Our revolutionary document review process and proprietary signing authority database ensure all the necessary controls are in place to confirm valid signatures on all documents and that strict signing and notary standards are maintained. NTC also consistently achieves over 85% eRecord coverage, greatly reducing document follow-up.
Loan Sale / Transfer
Assignments are generally required in a whole loan sale, servicing rights sale or securitization. NTC’s services include setup and management of the process with full preparation and execution/notarization of required documents, mailing, recording, tracking and imaging documents upon return with robust status and progress reporting. As a standard part of our mortgage assignment services, NTC is poised to accommodate all agency, MERS and county requirements. NTC can work with any volume and offers fast turn times without sacrificing accuracy.
Default Assignment Process
NTC will review loans going into default for any remediation needed prior to referring a loan for foreclosure or during bankruptcy. NTC manages the process according to investor rules and foreclosing entity requirements. Assignments are prepared and recorded, as applicable, with a package of the documentation supporting that the loan is appropriately in the name of the foreclosing entity, enabling the client to move to the next step in the process.
NTC also provides a complete chain of title binder service that incorporates a note review to determine the note holder, remediate it to the foreclosing entity, if necessary, and then includes a validation in the package delivered.
PerfectDocs®, created by NTC, is the first complete web-based solution that provides both NTC and users a “share the work” solution. This solution enables the creation and tracking necessary to complete lien release and assignment documents, review, execute, notarize those documents and send those documents to counties for recordation. Learn More
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