Nationwide Title Clearing, Inc. is a very well respected company in the document research and verification marketplace. It is not by accident that the company enjoys industry leading compliance rates at the 99.8% level as well as a reject rate of less than 1%. These numbers are even more impressive when it is considered that Nationwide is one of the biggest volume processors of documents.
Eight out of ten of the top retail mortgage and banking retail lending companies rely on Nationwide for their major documentation which says volumes about what this company’s position is regarding the overall position it occupies. The mortgage industry is very competitive, and it takes excellent systems to prevail in it.
Nationwide Title Clearing, Inc. was established in 1991, and it is located in Palm Harbor, Florida. In just 26 years, Nationwide has become a strong leader in an industry that heretofore had been made up of many localized companies that in a sense fractionalized the industry.
Nationwide has been able to standardize many of its processes with the smart application of technology. Many human processes that were very apt to be mistake prone have been replaced with technological processes that eliminate error and accelerate the speed of delivery. Particularly with the volume of documentation that is processed by Nationwide, technology plays a very important role, and will continue to increase in size and scope with the company moving forward.
As much as technology has fueled Nationwide’s growth and profits, the other side of the equation is the talented and well-trained staff. Employees always make the difference and turn the tide when times get tough. One time-tested rule that is vital is the fact that when you properly hire good people at the outset, your chances of having a long-term success in that area increases.
There is also a long-term continuing educational program that is very robust and helpful to career employees. The college level training courses are instrumental to employees moving ahead within the company, and up to half of the employee population is involved with these programs on a continual basis.
The prospects of continued success of Nationwide is very likely because there is not likely to be any deviation of policy from the management of Nationwide. The pattern of success is predicated on people and systems that have a high probability of working out. That is exactly how Nationwide has in the past, and will in the future be the leader in the mortgage document sourcing and document verification field.