Another day, another perfect score. One of our clients and one of the nation's largest lenders just gave us a 100% passing score on our audit service. Let us tell you why NTC is the BEST CHOICE for your Collateral FIle Audit and Remediation Service.
Yes we customize all of our services to fit your needs, but our goal is to ensure that your investment gives you an immediate payoff and that you make more money on each sale.
The Collateral File Audit and Remediation Service includes:
- File intake, inventory, imaging and indexing.
- Complete collateral file creation (where a combined servicing and collateral file are supplied)
- A fully customizable audit of the collateral to the clients specifications. Audits can be drafted to suit client’s needs for a specific product, inventory, or intended disposition.
- Curative and remedial actions on any exceptions including:
- Remediation of all missing collateral documents (mortgages, deeds, assignments, title policies)
- Deeper research and resolution by request of missing intervening assignments, identification and cure of complex assignment chain issues, recovery or replacement of title policies, lost note affidavit creation, lost assignment affidavit creation and recordation.
- File management including paid in full release services, assignment services and default research/assignment services optional.
- A variety of property reports that can be customized to indicate lien position, broken assignment chains, current beneficiary or current owner.
The main benefits of this service are:
- Complete file management under one servicer from shipping, storage, remediation, assignments, property reports, exception management and reporting.
- Reduction of money wasted from buybacks and/or reintegration into servicing dep.
- Increased certainty on reps and warrants from buyers.
- Increased value of the assets presented for sale.
Contact us TODAY for more information on this and all of our services.
