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Excellent article on our workload downturn - Alix Ott/MI
4/12/2018 6:26:35 AM (5013 views)
Good read .. - Bobbi Shorthouse, Notary Public/CT
4/12/2018 7:55:35 AM (4549 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 8:12:06 AM (4511 views)
Re: Good read .. - F P/VA
4/12/2018 10:29:50 AM (4379 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:17:13 PM (4340 views)
Re: Good read .. - F P/VA
4/12/2018 2:07:20 PM (4316 views)
Re: Good read .. - William Duncan/NC
4/12/2018 2:30:10 PM (4506 views)
Re: Good read .. - F P/VA
4/12/2018 3:03:40 PM (4489 views)
Re: Good read .. - William Duncan/NC
4/12/2018 4:33:57 PM (4573 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:47:42 PM (4376 views)


In re India...(again, I am not against working with off shore companies as long as they A) are transparent B) pay up C) Are legit D) operate with American interests in mind..)

I do not think it is India at fault per say. In 2015 back on LinkedIn, I went into a group where are the big players hang out: Title Insurance Executives, Mortgage Officers for Fortune 500 Lenders, big time real estate attorneys, etc.

I asked a question in a discussion thread "What are your thoughts on outsourcing Title Search to off-shore companies?"

It was viewed by over 10,000 by the end of the day and by the end of the week it was HUGE! It gave me some insight(and advertised my business that got me a new client in the form of a Litigation Firm). 

General Consensus?  No way. Sure, cheap, but at the top tier you start messing with a lot of Financial Risk/Compliance stuff. The sort of thing that can get a company fined millions or billions, like these guys: https://www.globalcustodian.com/nasd-fines-four-fidelity-brokers-for-record-keeping-violations/. Imagine if that was your Equity Loan....

That is courtesy of the National Association of Securities Dealers. Then there are this...and this is OCWEN: https://www.housingwire.com/articles/37873-washington-hits-ocwen-with-fine-for-using-unlicensed-offshore-companies

I spoke with one of the managing partners at one of the largest REO law firms in North Carolina who, in a meeting, told me about how wake of the Housing Bubble a lot of emphasis was put on risk and compliance via the Consumer Financial Protection Act.

I am waiting on my friend to send me the article while I write this in-between Vendor Management, but one of the large "top 10" Title Insurance Companies is starting to get MILLIONS in Title Insurance Claims because they serviced Mortgage Loans to an "off shore" company, so I think slowly-but-surely there is an uptick in companies swinging back for on-site Abstractors, although technology is still a front line competitor.

I will say this in closing: there are many great Abstractors out there, and there are great Title Business Owner-Operators out there. But I am finding that those who are both (like me and Jay Duncan...no relation) are rare. There are many Abstractors out there who ROCK TITLE SEARCH...but SUCK in terms of being business operators. I have said this in previous posts: be innovative, be competitive, be driven, be smart. See an increased demand? Put a price on it. Have a chance to offer a new product or service? Put a price on it. Got screwed over by "no payers", create a PayPal, offer to take Credit Card, and CHARGE UP FRONT. YES: PUT A PRICE ON IT.

I fight for everyone but I cannot do it unless you help yourself first. 

Hugs to all!

-Will 

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Re: Good read .. - F P/VA
4/12/2018 9:57:50 AM (4392 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:05:10 PM (4425 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 1:08:44 PM (4284 views)

Paid - Sara Tressler/PA
4/9/2018 11:57:45 AM (2724 views)

Select Business Services - Smitty Strickland/SC
4/3/2018 6:04:38 PM (4478 views)
Re: Select Business Services - sam r/FL
4/3/2018 6:44:10 PM (4875 views)
Re: Select Business Services - Rene Blevins/VA
4/16/2018 9:01:11 AM (4119 views)
Re: Select Business Services - Sara Tressler/PA
4/16/2018 4:10:23 PM (4646 views)

ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 4:30:04 PM (3266 views)
Re: ALWAYS GET $ UPFRONT - William Duncan/NC
4/3/2018 4:33:42 PM (4620 views)
Re: ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 4:48:17 PM (5086 views)
Re: ALWAYS GET $ UPFRONT - William Duncan/NC
4/3/2018 4:55:02 PM (4729 views)
Re: ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 6:03:35 PM (4564 views)

Interesting - F P/VA
4/3/2018 11:32:37 AM (4751 views)
Re: Interesting - Joanna Sturza/MI
4/10/2018 7:55:49 AM (4362 views)
Re: Interesting - F P/VA
4/10/2018 2:24:17 PM (4637 views)




About T-00 Copy in TX for Title Searches - Abhinav Kumar G/TX
3/29/2018 12:32:58 PM (3089 views)
Re: About T-00 Copy in TX for Title Searches - James Powell/MI
3/30/2018 8:33:51 AM (7161 views)
Re: About T-00 Copy in TX for Title Searches - Tony Costa/LA
4/3/2018 9:48:31 AM (4096 views)
Re: About T-00 Copy in TX for Title Searches - Abhinav Kumar G/TX
4/3/2018 11:38:42 AM (4082 views)

Your Home as see by . . . - David Bloys/TX
3/28/2018 12:39:19 PM (4535 views)
Re: Your Home as see by . . . - Smitty Strickland/SC
3/28/2018 1:04:31 PM (4253 views)
Re: Your Home as see by . . . - Anita Backlund/MN
3/29/2018 3:50:31 PM (4088 views)

Searchtec - Smitty Strickland/SC
3/28/2018 11:13:41 AM (3354 views)
Re: Searchtec - F P/VA
3/28/2018 12:44:36 PM (4381 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 1:03:03 PM (4401 views)
Re: Searchtec - David Bloys/TX
3/28/2018 12:59:55 PM (4436 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 1:03:52 PM (4322 views)
Re: Searchtec - Naomi Backes/NC
3/28/2018 1:06:12 PM (4423 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 4:25:25 PM (4484 views)
Re: Searchtec - Michael Ebersole/PA
4/2/2018 8:52:11 AM (4269 views)

FNF ACQUIRING STEWART - Heidi Gemeling/FL
3/27/2018 2:21:41 PM (3344 views)
Re: FNF ACQUIRING STEWART - Michael Solt/PA
3/28/2018 11:56:30 AM (4569 views)
Re: FNF ACQUIRING STEWART - Jeffrey Land/NJ
4/2/2018 11:11:08 AM (4269 views)

Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
3/26/2018 6:12:10 PM (3076 views)
Re: Abacus Tech Services LLC - Brian Gibson - Jolene Crofoot/MN
3/28/2018 3:57:11 PM (7334 views)
Re: Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
3/28/2018 6:48:36 PM (4210 views)
Re: Abacus Tech Services LLC - Brian Gibson - Michael Hester/WA
4/6/2018 1:04:48 PM (4217 views)
Re: Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
4/6/2018 5:30:06 PM (4186 views)

Block chain - F P/VA
3/25/2018 9:57:09 PM (3507 views)
Re: Block chain - James Powell/MI
3/26/2018 11:04:30 AM (4366 views)
Re: Block chain - Heidi Gemeling/FL
3/27/2018 2:16:06 PM (4262 views)
Re: Block chain - F P/VA
3/28/2018 12:40:31 PM (8990 views)
Re: Block chain - James Powell/MI
3/29/2018 10:42:55 AM (4164 views)
Re: Block chain - F P/VA
3/29/2018 12:19:54 PM (4087 views)
Re: Block chain - James Powell/MI
3/29/2018 10:37:54 AM (6944 views)
Re: Block chain - Leigh Attridge/MA
3/29/2018 10:07:37 AM (4083 views)
Re: Block chain - Heidi Gemeling/FL
3/29/2018 11:01:12 AM (4068 views)
Re: Block chain - F P/VA
3/29/2018 1:01:20 PM (4172 views)
Re: Block chain - David Bloys/TX
3/29/2018 9:34:35 PM (4098 views)
Re: Block chain - Scott Oberlin/OH
3/30/2018 10:45:15 AM (4208 views)
Re: Block chain - Don (Chunshen) Li/GA
4/30/2018 6:57:06 PM (3127 views)

Equity National Title - Smitty Strickland/SC
3/25/2018 2:59:32 PM (3337 views)
Re: Equity National Title - Regina  Engebritson/MN
3/26/2018 11:10:41 AM (3714 views)
Re: Equity National Title - Smitty Strickland/SC
3/26/2018 11:38:29 AM (3630 views)
Re: Equity National Title - Patrick Nevling/FL
4/2/2018 9:11:32 AM (3468 views)
Re: Equity National Title - Smitty Strickland/SC
4/9/2018 3:52:39 PM (3244 views)

Advanced Digital Sys - William Duncan/NC
3/22/2018 2:33:08 PM (2819 views)
Re: Advanced Digital Sys - Smitty Strickland/SC
3/25/2018 3:01:57 PM (3515 views)
Re: Advanced Digital Sys - Jay Duncan/MO
3/26/2018 3:04:10 PM (3703 views)
Re: Advanced Digital Sys - William Duncan/NC
4/3/2018 11:25:48 AM (3207 views)

Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Source of Title/OH
3/14/2018 12:26:10 PM (3552 views)
Who do you recommend as title insurers for E&O? - Terry Ray/OH
3/14/2018 12:26:10 PM (4958 views)
Re: Who do you recommend as title insurers for E&O? - Smitty Strickland/SC
3/25/2018 3:03:12 PM (4454 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Alix Ott/MI
3/19/2018 8:39:39 AM (4556 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Diane Price/FL
3/26/2018 9:39:52 AM (4446 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - nick kremer/NC
3/26/2018 1:06:29 PM (4577 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Leigh Attridge/MA
4/1/2018 9:51:09 PM (4227 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Toni Shepherd/MS
4/2/2018 11:54:16 AM (4317 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Leigh Attridge/MA
4/2/2018 12:59:17 PM (4133 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Toni Shepherd/MS
4/2/2018 1:07:27 PM (4200 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - nick kremer/NC
4/2/2018 3:42:47 PM (4291 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Toni Shepherd/MS
4/2/2018 3:47:19 PM (4128 views)

What Is Your Most Isolated County? - David Bloys/TX
3/13/2018 2:21:39 PM (4961 views)
Re: What Is Your Most Isolated County? - Robert Franco/OH
3/13/2018 3:27:41 PM (3747 views)
Re: What Is Your Most Isolated County? - David Bloys/TX
3/13/2018 6:28:31 PM (3815 views)
Re: What Is Your Most Isolated County? - Jay Duncan/MO
3/14/2018 9:05:06 AM (3918 views)
Re: What Is Your Most Isolated County? - David Bloys/TX
3/14/2018 11:15:39 AM (3621 views)
Re: What Is Your Most Isolated County? - David Waller /PA
5/7/2018 8:40:36 AM (3051 views)
Re: What Is Your Most Isolated County? - David Bloys/TX
5/8/2018 9:10:57 AM (2966 views)
Re: What Is Your Most Isolated County? - David Waller /PA
5/8/2018 2:57:28 PM (3139 views)
Re: What Is Your Most Isolated County? - David Bloys/TX
5/8/2018 5:00:16 PM (5177 views)
Re: What Is Your Most Isolated County? - David Waller /PA
5/8/2018 5:15:49 PM (3140 views)
Re: What Is Your Most Isolated County? - Jacqueline Costa/RI
3/14/2018 2:05:09 PM (3767 views)
Re: What Is Your Most Isolated County? - David Bloys/TX
3/14/2018 4:34:57 PM (3560 views)
Re: What Is Your Most Isolated County? - Alix Ott/MI
3/19/2018 8:34:17 AM (3525 views)
Re: What Is Your Most Isolated County? - Mark Rasnick/OH
3/19/2018 3:55:26 PM (3387 views)
Re: What Is Your Most Isolated County? - Daniel Silverburg/CA
3/19/2018 9:47:54 AM (3482 views)
Re: What Is Your Most Isolated County? - Dan Zook/NY
3/19/2018 6:15:33 PM (3467 views)
Re: What Is Your Most Isolated County? - Daniel Silverburg/CA
3/19/2018 8:01:17 PM (3462 views)
Re: What Is Your Most Isolated County? - Dan Zook/NY
3/20/2018 10:13:46 AM (3671 views)
Re: What Is Your Most Isolated County? - Toni Shepherd/MS
4/2/2018 3:44:15 PM (3297 views)
Re: What Is Your Most Isolated County? - David Bloys/TX
4/2/2018 5:41:09 PM (3285 views)
Re: What Is Your Most Isolated County? - Toni Shepherd/MS
4/3/2018 10:07:20 AM (3270 views)
Re: What Is Your Most Isolated County? - David Bloys/TX
4/3/2018 10:22:53 AM (3229 views)
Re: What Is Your Most Isolated County? - Jean Lurtsema/AK
5/25/2018 12:43:06 PM (3038 views)


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