Lawmakers came together with officers of ""Nationwide Title Clearing (NTC)"":http://www.nwtc.com/ to discuss multiple issues in today's residential mortgage industry.[IMAGE]
In a company statement, NTC said that it hoped to ""offer the company's support as a resource"" as members of Congress strive to create industry-wide best practices. NTC, a privately-[COLUMN_BREAK]
held document, research, and land records firm serving the mortgage industry, cited the company's exhaustive resources and advancement of the mortgage verification process as its key qualifications for acting as a Capitol Hill liaison. As part of the company's bid to assist legislators, NTC noted that it is ""in a good position to offer assistance due its extensive industry/land-records knowledge and clientele.""
John Hillman, NTC's CEO, added, ""We welcome the opportunity to work with members of Congress and their staff to identify and incorporate industry best practices into a new, national standard for residential mortgage servicing, as well as provide feedback to help avoid excessively onerous legislation for mortgage lenders and servicers.""
Each lawmaker who participated in NTC's recent meeting hailed from Florida, where NTC has its base in Palm Harbor. Members of Congress and the Senate in attendance included Rep. Bill Young (R-Florida), Rep. Ileana Ros-Lehtinen (R-Florida), Rep. Sandy Adams (R-Florida), Sen. Bill Nelson (D-Florida), Rep. Bill Posey (R-Florida), Rep. Allen West (R-Florida), and Rep. Connie Mack (R-Florida).