Verifying multi-step reasoning in large language models is difficult due to imprecise error localization and high token costs. Existing methods either assess entire reasoning chains, suffering attention dilution, or rely on expensive multi-sampling. We introduce Node-wise Consistency Verification (NCV), a training-free framework that recasts verification as lightweight binary consistency checks at the node level. By decomposing the chain of thought into interconnected verification nodes, NCV precisely localizes errors and avoids unnecessary long-form generation. Experiments demonstrate that our approach enhances interpretability and efficiency, presenting a scalable solution for reliable LLM reasoning verification. On public datasets, NCV achieves a 10\% to 25\% improvement in F1 scores over baselines while utilizing $6\times$~$58\times$ fewer tokens than traditional methods like CoT-based verifiers.