NTC Taps Todd Gomes as National Account Executive
February 17, 2015
Nationwide Title Clearing Inc. (NTC), a provider of research and post-closing services for the residential mortgage industry, has hired Todd Gomes as national account executive. Gomes will assist in maintaining the industry demand for various life of loan services.
With an increasing need to verify and perfect collateral, NTC said in a release that it has fine-tuned its audit, review and remediation processes to meet industry standards and demand. Gomes will be instrumental in taking these services to market and consulting with prospects to build processes that meet their needs.
Accorcing to NTC, faulty source documents are a major issue in loan servicing transfers, with a majority of homeowner complaints stemming from the lack of due diligence to know the transfer of servicing rights was proper based on actual history and land records research. An in-house study conducted by NTC 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. When viewed against roughly 49 million outstanding residential mortgages as many as 490,000 homeowners could be affected by faulty servicer database records. Between loan origination and the current sale there are often breaks in the beneficial chain which may be hard to discover, however NTC works to iron out issues before a transfer so that the information passed to the next servicer is accurate.
Gomes is an accomplished sales and management professional with experience in the financial and legal marketplace and brings to NTC a proven ability to work in unison between management, clients and operations. As the co-founder and former director of MG Capital Inc., his efforts resulted in $10 million in annual sales. Additionally, Gomes previously served as the director of business development at LERETA, the national account manager at CT Lien Solutions and the general manager at MG Capital.
"Qualified industry savvy personnel are not easy to come by and NTC is very happy to have Todd on the team," said NTC CEO John Hillman.
NTC's new hire is in the wake of a year in which NTC received numerous awards for expansion. In 2014, NTC was honored with an Inc. 5000 award for the third year in a row, in addition to taking home the number 13 slot on the Tampa Bay Business Journal's "Fast 50," a ranking of the 50 fastest-growing companies in the Tampa Bay area. NTC also was included on HousingWire's prestigious Fast 50 list, a recognition that is ranked according to percentage revenue growth between 2012 and 2013.
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