DS News

» VISIT US ONLINE @ DSNEWS.COM 83 than any state. e state with the lowest total was North Dakota with 310. Florida's 12-month sum of completed foreclosures (91,000) for September was below 100,000 again, good news for a state where 12-month completed foreclosure sums have been well above 100,000 since the crisis. In fact, the Tampa metro area, which has routinely been near the top of CoreLogic's lists for metro areas with the most completed foreclosures over a 12-month period, was not even listed in the top 10 for September—nor was any Florida metro. e top metro area for 12-month sum of completed foreclosures in September was Atlanta, with 14,240. Despite this, Atlanta's foreclosure inventory rate (0.7 percent) and serious delinquency rate (3.3 percent) were still below national averages in September of 1.2 percent and 3.4 percent. NTC's Final Documents Process Offers Competitive Advantages Nationwide Title Clearing (NTC), a privately-owned leading research and document-processing service provider for the nation's largest financial institutions, investors, and servicers, has announced that users of its proprietary Final Documents Process were enjoying competitive advantages over other firms. is was a direct result of perfecting the process of handing loans off from the origina- tion team to the mortgage servicer. e Final Documents Process, itself, was designed to lower the cost of boarding quality loans. "Investors are now well aware of the problems that can arise from a faulty post- close process. ey are no longer willing to run that risk," said NTC CEO John Hillman, in a press release issued by the company. "What we're hearing from our customers is that inves- tors are paying attention to the process and putting a higher value on companies that get it right. As more investors move into an improv- ing home finance industry, this will give some firms a competitive advantage over others." As part of its Final Documents Process, NTC works with its clients to strategically build the complete trailing document process that best fits their operation. Once complete, NTC's client provides instructions to their closing agents/ title companies/ correspondent lenders or attorneys to forward all original mortgages, deeds of trust, title policies and assignments (as applicable) to NTC after origination and recording for all new loans. is results in fewer outstanding documents, reduced document retrieval requirements, lower investor penalty risk, and the elimination of agent fraud. After receiving the original mortgages/ deeds of trust and title policies, NTC will then perform a variety of tasks including document imaging, investor/custodian delivery, docu- ment tracking, individual document audits, data capture, and escalated document retrieval. "We've created a process that makes it virtually impossible for problems to hide and returns complete records to investors in a timely fashion," Hillman said. "Furthermore, we have the capacity to handle whatever volume the industry sends our way, allowing us to eliminate the volume influx challenges that have plagued servicers and take the loan delivery work out of the hands of the originator, freeing them up to pursue more business." Documents received are forwarded to the appropriate investor as instructed by the client. Any documents not received automatically within the pre-set time frame will trigger a series of follow-up actions with the appropri- ate title company/ closing agent or attorney. If documents don't arrive, NTC will obtain a copy of the documents from the county to satisfy investor requirements. Georgia RANK: 37 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate AUGUST 2015 2.15% 0.81% 5.9 YEAR AGO 2.82% 1.01% 7.1 YEAR-OVER-YEAR CHANGE -23.8% -19.4% -1.2 Top County UPSON COUNTY 90+ Day Foreclosure Delinquency Rate Rate AUGUST 2015 3.97% 3.38% YEAR AGO 4.57% 2.51% YEAR-OVER-YEAR CHANGE -13.1% 34.8% Top Core-Based Statistical Area THOMASTON, GA 90+ Day Foreclosure Delinquency Rate Rate AUGUST 2015 3.97% 3.38% YEAR AGO 4.57% 2.51% YEAR-OVER-YEAR CHANGE -13.1% 34.8% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the August 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Kentucky RANK: 25 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate AUGUST 2015 1.64% 1.46% 5.2 YEAR AGO 2.17% 1.63% 6 YEAR-OVER-YEAR CHANGE -24.3% -10.6% -0.8 Top County LINCOLN COUNTY 90+ Day Foreclosure Delinquency Rate Rate AUGUST 2015 3.49% 4.22% YEAR AGO 3.61% 3.44% YEAR-OVER-YEAR CHANGE -3.4% 22.5% Top Core-Based Statistical Area LONDON, KY 90+ Day Foreclosure Delinquency Rate Rate AUGUST 2015 2.67% 3.36% YEAR AGO 2.97% 3.21% YEAR-OVER-YEAR CHANGE -10.2% 4.9% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the August 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Louisiana RANK: 20 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate AUGUST 2015 2.89% 1.64% 6 YEAR AGO 3.39% 1.87% 6.7 YEAR-OVER-YEAR CHANGE -14.8% -12.1% -0.7 Top County JEFFERSON DAVIS PARISH 90+ Day Foreclosure Delinquency Rate Rate AUGUST 2015 2.69% 4.28% YEAR AGO 3.61% 3.58% YEAR-OVER-YEAR CHANGE -25.4% 19.7% Top Core-Based Statistical Area NATCHITOCHES, LA 90+ Day Foreclosure Delinquency Rate Rate AUGUST 2015 6.77% 3.89% YEAR AGO 6.26% 2.83% YEAR-OVER-YEAR CHANGE 8.1% 37.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the August 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary August 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics.

• Cover