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Urban Settlement - Catherine Jackson/NC
6/7/2011 7:29:16 AM (2723 views)
Re: Urban Settlement - Carl Krueger/RI
6/8/2011 3:36:57 PM (2686 views)
Re: Urban Settlement - Kym/NJ
6/9/2011 4:22:20 PM (2833 views)
Re: Urban Settlement - TLA/PA
7/18/2011 7:36:35 PM (2509 views)

Bank of America Gets Pad Locked After Homeowner Forecloses On It - Edward Huguenin/SC
6/5/2011 2:22:12 AM (3673 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Jessica Talley/FL
6/5/2011 7:50:14 PM (2834 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Abstractor/GA
6/5/2011 9:05:18 PM (2806 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Jessica Talley/FL
6/6/2011 7:20:53 AM (2690 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Ron McPherson/IA
6/6/2011 5:37:19 PM (2653 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Jessica Talley/FL
6/7/2011 5:50:22 AM (2625 views)

FOX & SPADER A/K/A FS ENTERPRISES A/K/A RISK MANAGEMENT SOLUTIONS - Paul /FL
6/4/2011 8:15:00 PM (2958 views)
Re: FOX & SPADER A/K/A FS ENTERPRISES A/K/A RISK MANAGEMENT SOLUTIONS - Rita Killary/NY
6/6/2011 9:28:58 AM (2846 views)
Re: FOX & SPADER A/K/A FS ENTERPRISES A/K/A RISK MANAGEMENT SOLUTIONS - Sandra Smith/FL
6/6/2011 9:45:52 AM (2808 views)

7 years ??? - monica froese/ME
6/3/2011 7:18:48 PM (2883 views)
Re: 7 years ??? - Ron McPherson/IA
6/3/2011 9:22:37 PM (2850 views)
Re: 7 years ??? - Robert Franco/OH
6/4/2011 12:10:50 PM (2919 views)

Thanks Rob at Watchdog - Nils Nelson/ME
6/2/2011 4:46:51 PM (2339 views)




I don't get it - Nils Nelson/ME
6/2/2011 4:16:10 PM (2897 views)
Re: I don't get it - William Pattison /CA
6/6/2011 11:20:31 PM (2528 views)

These "vendor firms" are a study in how a domestic market pushes back against off-shoring competition, as well as an interesting experiment in modern digital communcation.

I've encountered many problems with them:

1.  Contradictory terms in their service contracts that nobody seems able to fix (the send them out through low level managers who have no authority to modify or negotiate the contract).

2.  Their fixed pricing is too high to compete with $6 in India, but too low to pay a reasonable rate for what they expect of the abstractor, often not paying for county copy costs and asking for 50-year searches for pennies on the dollar.

3.  Many do not understand the distinction between an independent contractor, an employee and ordering a set report product from another business, including the copyright issues that can come with each of those different classifications.

4.  Some of them have taken the same vendor contract and reused it with the company name changed.   The original had spelling and grammar errors, not to mention poorly written terms that are either unenforcable, outside the bounds of good standards and practices for our industry, or simply unintelligible as to their intent.  Some of the provisions put a burden on the abstractor that is harsh;   no payment without a pile of checks with no counter-checks in place for the abstractor's peace of mind.

5.  These contracts create a lowest common denominator for service.  Added bonus materials that I'll put into any report for a client at no added cost in time or money would be omitted from such vendor packages due to the liability in confusion that we've often run into with their sometimes poorly educated staff.  Too much hassle and headache to deal with this sort of drama.

 

I recommend rejecting these vendor proposals, raising  your rates, pounding the pavement harder and over a wider range of geographic territoriy and product offerings and referring people to other abstractors from SOT when a request falls outside your ability.  It's what we do and we are not bound by weird non-compete, non-disclose terms or nonpaying vendor firms. 

Capitalism is marked by competion, not cooperation.

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Comment on "It Sometimes Pays to Check a Map" - Source of Title/OH
6/2/2011 1:07:35 PM (2639 views)
Importance of correct filings - Jeanine Johnson/MN
6/2/2011 1:07:35 PM (2585 views)
Re: Importance of correct filings - William Pattison /CA
6/6/2011 11:23:17 PM (2570 views)

Accurate Group - Sandra Harold/KS
6/2/2011 9:28:47 AM (3949 views)
Re: Accurate Group - Angela Miller/WI
6/2/2011 9:39:47 AM (3748 views)
Re: Accurate Group - Chris/AK
6/2/2011 2:27:49 PM (3440 views)
Re: Accurate Group - Ron McPherson/IA
6/2/2011 9:51:50 PM (3300 views)
Re: Accurate Group - Dan Zook/NY
6/3/2011 10:45:27 AM (3321 views)
Re: Accurate Group - Garret  Fitzgerald/VA
6/6/2011 4:07:23 PM (2822 views)
Re: Accurate Group - Ron McPherson/IA
6/6/2011 5:32:26 PM (2891 views)
Re: Accurate Group - T/PA
7/18/2011 7:48:24 PM (2950 views)
Re: Accurate Group - Chris Byron/NC
8/3/2011 11:55:21 AM (2972 views)
Re: Accurate Group - K C/NJ
4/15/2013 12:26:12 PM (1808 views)

National Settlement Services & Compliance Summit - CHARLENE  PERRY/MD
6/1/2011 2:54:31 PM (2341 views)

"Renter Nation? - Give Me a Break" - Leigh Attridge/MA
6/1/2011 1:59:41 PM (2805 views)

ROBO SIGNING NOT THE ONLY ISSUE -CHECK OUT THIS SHOW CAUSE ORDER - CHARLENE  PERRY/MD
6/1/2011 12:20:44 PM (2194 views)

ROBO SIGNING NOT THE ONLY ISSUE -CHECK OUT THIS SHOW CAUSE ORDER - CHARLENE  PERRY/MD
6/1/2011 12:18:38 PM (2426 views)

DelShah Capital - Ron Neeley/TN
6/1/2011 11:55:53 AM (2732 views)
Re: DelShah Capital - Carrin /TX
6/9/2011 7:06:49 PM (2474 views)

Comment on "Michigan Legislature Mulls Impact of Illegal MERS Foreclosures" - Source of Title/OH
5/31/2011 6:53:19 PM (2703 views)
Sideline Announcers - J. H./OH
5/31/2011 6:53:19 PM (2775 views)
Re: Sideline Announcers - Slade Smith/OH
6/1/2011 5:02:14 PM (2702 views)

House Prices Fall to New Post-Bubble Low as More Rent - Leigh Attridge/MA
5/31/2011 4:21:42 PM (2989 views)


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