Nationwide Title Clearing, Inc. was established in 1991 and is located in Palm Harbor, Florida. The company is the world leader in the distribution of documents and verification of those documents to retail banking and mortgage institutions. Eight out of the top ten mortgage and banking establishment in the retail sphere use Nationwide for their wholesale documentation and verification processes.
Nationwide has access to every county in the United States because that is where all of the primary property documents are stored. The majority of these items are available on a digital basis, but some are not. Some documents are still on the original paper, stored in a manilla file folder in a metal cabinet. Some documents get damaged, lost, or destroyed, and yet Nationwide still has resources to be able to get documentation in these areas.
Nationwide currently enjoys a 99.8 percent accuracy record in the procurement of documents which is phenomenal considering the sheer volume that the company handles. It has over 3,600 plus jurisdictions that are recording locations, and that creates a mountain of documentation and verification nightmares for most document companies.
A big factor that Nationwide knows for sure that drives the successful results of the company is the company’s very talented and well-trained employees. When employees are hired correctly in the first place, you gain better employees in the long run.
Employee training is a big plus as well, as Nationwide not only has one of the best training for new employees, its career training modules are among the best. The company has a whole litany of college-level advanced training modules. These programs are an essential part of continuing education that helps employees to advance in the company and become cross-trained in many areas.
The large commitment to technology is another major factor in the company’s success. Faster access, as well as greater accuracy, has been demonstrated with the kind of results that Nationwide has provided. By taking the human element out of routine tasks that are repetitive and prone to error is a key part of moving forward with accuracy.
John Hillman, the CEO of Nationwide has consistently stated that company objectives have to be the result of high standards. Those standards must be made public so accountability can be assigned and demonstrated. This handles compliance issues at the source of any problems. Companies who fail to do this become the compliance problem.
The enviable track record of Nationwide Title Clearing, Inc. is likely to be replicated in future years, as continual monitoring of procedures and processes will be continued.