Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | hide all replies



Water, it's the word of the day - CHARLENE  PERRY/MD
3/14/2011 11:19:20 AM (3108 views)
Re: Water, it's the word of the day - William Pattison /CA
3/14/2011 12:20:34 PM (3669 views)
Re: Water, it's the word of the day - Scott Perry/PA
3/15/2011 4:22:04 PM (5738 views)

Vision Land Services - Diane O'Neill/MI
3/14/2011 10:32:21 AM (3293 views)
Re: Vision Land Services - Joyce Harper/OH
4/12/2011 3:08:20 PM (3414 views)

Zen Title Update - Anita Backlund/MN
3/13/2011 3:15:03 PM (4496 views)

Inquiry on Military Family Foreclosures - Leigh Attridge/MA
3/12/2011 6:45:32 AM (4692 views)
Re: Inquiry on Military Family Foreclosures - Angie  McKinnon/UT
3/14/2011 10:37:15 PM (3901 views)
Re: Inquiry on Military Family Foreclosures - Jessica Talley/FL
3/15/2011 9:25:58 AM (3828 views)
Re: Inquiry on Military Family Foreclosures - James Powell/MI
3/17/2011 9:35:44 AM (3838 views)
Re: Inquiry on Military Family Foreclosures - Jessica Talley/FL
3/17/2011 11:16:52 AM (3855 views)
Re: Inquiry on Military Family Foreclosures - James Powell/MI
3/18/2011 12:39:37 PM (3869 views)
Re: Inquiry on Military Family Foreclosures - Jessica Talley/FL
3/18/2011 7:24:29 PM (4012 views)

Red Flag on Reverse Mortgages - Leigh Attridge/MA
3/12/2011 6:43:17 AM (4176 views)




More Loan Mod Options - Leigh Attridge/MA
3/12/2011 6:41:57 AM (4128 views)

Saying Goodbye To Unprofitable Customers - Patrick Scott/IL
3/11/2011 8:12:36 PM (3879 views)
Re: Saying Goodbye To Unprofitable Customers - Robert Franco/OH
3/12/2011 10:54:25 AM (4323 views)
Re: Saying Goodbye To Unprofitable Customers - Scott Perry/PA
3/12/2011 11:38:43 AM (4424 views)
Re: Saying Goodbye To Unprofitable Customers - Kevin Ahern/CT
3/12/2011 2:09:20 PM (4347 views)

The volume discount farce never works for the abstractor. It is one of the reasons I left abstracting for closings. The constant pressure for reduced abstracting fees....ridiculous turn around times...slow pay/no pay clients all made abstracting less attractive. The VM's rarely delivered on the volume...that is if you could get them to commit to a specific volume, but they always expected the discount. The only way it would work would be to charge the regular price at the beginning of the month and build in the discount on the abstracts at the end of the month to assure both the volume and the discount were there each month. ( Market price for the first 50% of the agreed volume, and discounted price for the second 50% of the agreed volume).Try and get them to agree to this though.

Since moving into closings I have had a few title companies approach me with the same tired approach. When I told them they would have to guaranty a certain amount of volume each month before the discount would kick in they became a little upset. They said they had no way of knowing in advance what their volume would be. I pointed out to them they were asking for a guaranty of a certain price without their corresponding ability to guaranty a certain volume....nothing but dead air on the other end of the phone. Told them That I would pass on their offer.

The signing agents over on Notary Rotary have discussed this quite often. Their position is that more volume does not guaranty more income unless their is a suitable profit margin after expenses are factored into the equation.

The rise in gasoline prices is actually helping to negotiate higher overall prices. Just quote your desired overall  fee...no break down of profit/expenses. If they come back with a counter offer...my response is that "I am not driving to the other side of the state for that price with gas at $3.75 a gallon." They seem to understand that. Once in a while they will try to find someone closer to the borrower's address, but if it is a last minute closing and their back is to the wall they often do not have the time and will pay the fee quoted to them.

to post a reply: login - or - register


Re: Saying Goodbye To Unprofitable Customers - Bruce Murch/VA
3/13/2011 11:44:32 PM (4242 views)
Re: Saying Goodbye To Unprofitable Customers - F P/VA
3/15/2011 10:39:02 AM (3943 views)

Bathing Beauties 1905 - Leigh Attridge/MA
3/11/2011 6:10:30 PM (4846 views)
Re: Bathing Beauties 1905 - George Booth/OH
3/12/2011 9:36:43 AM (3930 views)

Jersey Shore 1910 - Leigh Attridge/MA
3/11/2011 7:38:53 AM (4730 views)
Re: Jersey Shore 1910 - monica froese/ME
3/11/2011 7:25:39 PM (3878 views)

B of A creating a "Bad Bank" - CHARLENE  PERRY/MD
3/10/2011 3:53:40 PM (4376 views)

Enough is enough - Leigh Attridge/MA
3/10/2011 10:17:52 AM (3068 views)

Direct Title Solutions - Deceiving Vendors - Bruce Murch/VA
3/8/2011 7:05:26 PM (9261 views)
Re: Direct Title Solutions - Deceiving Vendors - Sheila Sten/PA
3/8/2011 8:12:17 PM (4828 views)
Re: Direct Title Solutions - Deceiving Vendors - Leigh Attridge/MA
3/8/2011 9:33:11 PM (4960 views)
Re: Direct Title Solutions - Deceiving Vendors - Bruce Murch/VA
3/10/2011 6:53:52 AM (4455 views)
Re: Direct Title Solutions - Deceiving Vendors - Leigh Attridge/MA
3/10/2011 7:51:51 AM (4548 views)
Re: Direct Title Solutions - Deceiving Vendors - Beverly Murch/VA
3/13/2011 11:50:42 PM (4452 views)
Re: Direct Title Solutions - Deceiving Vendors - J Nisonger/CA
3/14/2011 9:40:59 AM (4271 views)
Re: Direct Title Solutions - Deceiving Vendors - john rutledge/VA
3/14/2011 10:28:06 AM (4381 views)
Re: Direct Title Solutions - Deceiving Vendors - Bruce Murch/VA
3/15/2011 9:30:21 AM (4336 views)
Re: Direct Title Solutions - Deceiving Vendors - F P/VA
3/15/2011 10:08:44 AM (4332 views)
Re: Direct Title Solutions - Deceiving Vendors - C/VA
3/23/2011 4:53:12 PM (4261 views)
Re: Direct Title Solutions - Deceiving Vendors - Beverly Murch/VA
3/30/2011 10:53:55 AM (4146 views)
Re: Direct Title Solutions - Deceiving Vendors - Bruce Murch/VA
3/30/2011 11:23:19 AM (4059 views)

Stern's firm is DONE! - CHARLENE  PERRY/MD
3/7/2011 8:37:37 PM (5610 views)
Re: Stern's firm is DONE! - Leigh Attridge/MA
3/8/2011 8:36:54 AM (4014 views)
Re: Stern's firm is DONE! - George Booth/OH
3/8/2011 10:35:13 AM (4043 views)
Re: Stern's firm is DONE! - Leigh Attridge/MA
3/8/2011 11:59:34 AM (4051 views)
Re: Stern's firm is DONE! - Robert Franco/OH
3/8/2011 12:10:09 PM (4119 views)
Re: Stern's firm is DONE! - CHARLENE  PERRY/MD
3/8/2011 2:54:03 PM (4162 views)
Re: Stern's firm is DONE! - Jessica Talley/FL
3/8/2011 4:28:58 PM (4189 views)
Re: Stern's firm is DONE! - George Booth/OH
3/9/2011 7:49:11 AM (3940 views)
Re: Stern's firm is DONE! - Leigh Attridge/MA
3/9/2011 9:47:29 AM (4100 views)
Re: Stern's firm is DONE! - Kevin Ahern/CT
3/9/2011 10:54:38 AM (4151 views)
Re: Stern's firm is DONE! - Jessica Talley/FL
3/9/2011 11:41:43 AM (4172 views)
Re: Stern's firm is DONE! - George Booth/OH
3/10/2011 10:45:43 AM (3883 views)
Re: Stern's firm is DONE! - George Booth/OH
3/10/2011 10:41:28 AM (3972 views)
Re: Stern's firm is DONE! - Robert Franco/OH
3/10/2011 11:52:29 AM (3857 views)
Re: Stern's firm is DONE! - Leigh Attridge/MA
3/10/2011 8:40:01 PM (4047 views)
Re: Stern's firm is DONE! - George Booth/OH
3/11/2011 11:29:28 AM (3901 views)
Re: Stern's firm is DONE! - Robert Franco/OH
3/11/2011 12:52:11 PM (3968 views)
Re: Stern's firm is DONE! - George Booth/OH
3/12/2011 9:33:30 AM (3845 views)
Re: Stern's firm is DONE! - Robert Franco/OH
3/9/2011 1:08:19 PM (4027 views)
Re: Stern's firm is DONE! - George Booth/OH
3/10/2011 10:42:28 AM (4029 views)
Re: Stern's firm is DONE! - Jennifer ONeal/FL
3/11/2011 12:57:46 PM (4053 views)
Re: Stern's firm is DONE! - Barbara /FL
3/14/2011 11:57:02 AM (3889 views)

Genesis Servicing Corporation - Kristi Lee/NE
3/7/2011 1:26:28 PM (4495 views)
Re: Genesis Servicing Corporation - Nils Nelson/ME
3/7/2011 2:54:02 PM (4155 views)
Re: Genesis Servicing Corporation - Kristi Lee/NE
3/7/2011 4:55:18 PM (4228 views)
Re: Genesis Servicing Corporation - Nils Nelson/ME
3/7/2011 5:54:21 PM (4077 views)
Re: Genesis Servicing Corporation - Kristi Lee/NE
3/7/2011 6:15:23 PM (4128 views)
Re: Genesis Servicing Corporation - Abstractor/MI
3/24/2011 10:54:56 AM (3819 views)

Cleveland Title Association March Meeting - Robert Franco/OH
3/7/2011 10:16:42 AM (3095 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8975 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Beneath Every Closing Lies a Story
Michael Stelzer's Blog
2026/07/18
0 comments

Residential Appraisers: Reclaim Your Time
Will Duncan 's Blog
2026/07/09
0 comments

ATTENTION CIOs, CTOs, VENDOR MANAGERS, AND SUPPLIER MANAGERS
Will Duncan 's Blog
2026/06/15
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

MISMO to Launch FRAME Interactive Workshop, Put AI Governance into Practice
"Everyone is trying to figure out how to use AI effectively, but just as importantly, how to do it responsibly," said MI...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Following last week’s spike in oil prices, mortgage rates moved higher, with the 30-year fixed rate increas...
Foreign Buyers Purchased $45.3 Billion Worth of U.S. Homes from April '25 to March '26
“The decline in foreign home buyer activity mirrors the decline in international visitors and tourists to the Unit...
Second Century Ventures Announces 8 Companies for 2026 REACH Commercial Scale-Up Program
Second Century Ventures, the strategic investment arm of the National Association of REALTORS® and the most active ...
New Home Sales Edge Higher as Affordability Challenges Persist
“New home sales are gaining some momentum at the more affordable range of the market, with homes priced below $300...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.