Nationwide Title Clearing has long been an advocate for remaining abreast of the ever-changing regulations in the mortgage industry. As a result, NTC’s Chief Legal Officer, Myron Finley, was recently appointed co-chairperson of the Property Records Industry Association (PRIA) Business Processes and Procedures Committee. As a new member, Finley collaborated on a PRIA 2013 Annual Conference panel discussion regarding document indexing standards.
NTC's Myron Finley Named Co-chairperson of a PRIA CommitteePRIA is an organization that develops and promotes national standards and practices within the land records industry. As co-chairperson of the Business Processes & Procedures Committee, Finley shared responsibility of the discussion forum, which focused on “Indexing of Grantor/Grantee Names by Land Recording Offices”—Finley participated in facilitating a dialogue about the current state of indexing, or tagging documents with different search terms, to identify challenges and opportunities within the industry.
The indexing forum, per Finley, allowed NTC and its peers to not only face, but also address the difficulties facing the mortgage industry today in document indexing, a key factor in successful document management. After reviewing the existing state of written indexing standards of recorders nationwide in order to obtain a snapshot of what the industry is actually doing now, NTC will later participate in a nationwide discussion regarding what new standards should be put in place. Many recording jurisdictions were present at the conference, as well as vendors, submitters and recording agents.
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