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Thomas Pryde's Blog

"India" is not the problem
by Thomas Pryde | 2015/04/16

In the past few weeks I have been highlighting the fact that the industry is rapidly changing. Some of this change is inevitable and worthwhile, but some changes may prove to undermine the health of the industry as a whole.

One of the most common changes described as being bad for the industry is usually referenced by one word: "India." For some, this has become a shorthand term for off-shoring, and it is usually used as a negative or pejorative term. However, we need to be clear that "India" isn't the problem.

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Thomas Pryde's Blog :: 14 comments ::

Independent Abstractors: Well Trained Specialists (Part Three)
by Thomas Pryde | 2015/04/09

 

There are certainly opportunities to succeed in this market. If independent service providers are going to take advantage of them, they must differentiate themselves from the rest of the market, and nothing sets the independent apart from the crowd better than the fact that they know abstracting, in the context of their local areas, better than anyone.

However, while this is a distinct advantage, there are two critical obstacles to getting that message out to clients and convincing them to use your services. Once the obstacles are understood, the opportunities and challenges become clearer.

 

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Categories: Strategy

Thomas Pryde's Blog :: 1 comments ::

Independent Abstractors: Making Peace With Technology (Part Two)
by Thomas Pryde | 2015/03/26

If independent abstractors are going to take the necessary steps to be seen as valued specialists, as opposed to mindless searchers, it isn't enough to rail against the over-inflated promises of technology. There needs to be a clear understanding of what technology can do. Perfection in the document chain is not a promise that technology will soon deliver, but there are some direct advantages that technology can provide.


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Categories: Technology

Thomas Pryde's Blog :: 1 comments ::

Independent Abstractors: Dying Breed or Valued Specialists? (Part One)
by Thomas Pryde | 2015/03/19

The prevailing view among some industry leaders seems to be that the independent abstractor is a dying breed, the last vestige of an ancient way of doing business. This is attributed to the rapidly expanding digitization of title documents and new technology solutions that are being designed to quickly and efficiently obtain and deliver those documents to their clients. This is one example where technology has made promises well beyond what it can actually provide.

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Categories: Technology

Thomas Pryde's Blog :: 2 comments ::

Introductions
by Thomas Pryde | 2015/03/10

I plan on starting to blog here at least once a week, but before I start, I wanted to introduce myself to anyone who might be interested and to outline the scope of my future writing.

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Categories: Miscellaneous

Thomas Pryde's Blog :: 0 comments ::

Thomas Pryde's Blog

 

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