Home Keywords NTC.. NTC study alleges up to 490,000 homeowners face inaccurate servicing records. Nationwide Title Clearing found that out of 2,285,665 servicing database records that.
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National Title Clearing study alleges up to 490,000 homeowners face inaccurate servicing records Posted on October 21, 2014 | Leave a comment National Title Clearing found that out of 2,285,665 servicing database records that were verified against the collateral file, 24,490 loans (1.07%) had significant discrepancies.
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The allegations serve as a wake-up call to homeowners to be constantly vigilant of the potential for mortgage servicing fraud. That fraud may come in the form of a denial of a loan modification, a refusal to recognize an already-agreed-to modification, erroneous billings, collection harassment, false credit reporting or in countless other ways.