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VM Co. verses National Abstractor Co. - Austin Whitaker/NJ
1/5/2006 10:09:44 PM (1943 views)

CONTACT NUMBER - Austin Whitaker/NJ
1/5/2006 6:50:08 PM (2323 views)
Re: CONTACT NUMBER - Jay Duncan/MO
1/5/2006 7:05:40 PM (2967 views)
Re: CONTACT NUMBER - Austin Whitaker/NJ
1/5/2006 7:28:21 PM (2880 views)

Conference Transportation - Ximena Vargas/NY
1/5/2006 5:32:45 PM (1745 views)

Hope all is well with everyone - Tammy Knight/MO
1/5/2006 12:50:18 AM (1802 views)

Who's Coming - Nikky Eisenhuth/FL
1/4/2006 5:24:23 PM (3226 views)
Re: Who's Coming - Robert Franco/OH
1/4/2006 5:30:44 PM (3106 views)
Re: Who's Coming - Kurt deVries/FL
1/4/2006 10:25:06 PM (3172 views)
Re: Who's Coming - Wanda Steudel/OH
1/5/2006 9:49:12 AM (3089 views)
Re: Who's Coming - Jay Duncan/MO
1/5/2006 10:27:53 AM (3154 views)
Re: Who's Coming - John OConnor/IL
1/5/2006 4:37:46 PM (3115 views)


Real Title Services


Quickly approaching... - Jay Duncan/MO
1/4/2006 2:05:53 PM (3360 views)
Re: Quickly approaching... - Ximena Vargas/NY
1/4/2006 3:10:01 PM (3217 views)
Conference transportation from Airport to Hotel - Jay Duncan/MO
1/4/2006 3:28:56 PM (3179 views)
Re: Conference transportation from Airport to Hotel - Robert Franco/OH
1/4/2006 4:08:59 PM (3087 views)
Re: Conference transportation from Airport to Hotel - Patrick Scott/IL
1/4/2006 11:14:01 PM (3069 views)
Re: Conference transportation from Airport to Hotel - Ximena Vargas/NY
1/5/2006 5:18:02 PM (3015 views)

A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 12:04:50 PM (3425 views)
Re: A very, very shameless NON profit plug. Please read. - Jay Duncan/MO
1/4/2006 12:46:06 PM (3241 views)
Re: A very, very shameless NON profit plug. Please read. - J.T. Shoemaker/NY
1/4/2006 1:23:41 PM (3340 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 1:25:39 PM (3404 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 2:32:21 PM (3403 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 2:38:26 PM (3559 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 6:42:25 PM (3377 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/4/2006 8:14:26 PM (3256 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/4/2006 8:24:06 PM (3333 views)
Re: A very, very shameless NON profit plug. Please read. - Jan Forster/NC
1/4/2006 10:39:49 PM (5484 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 11:07:50 PM (3176 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/6/2006 9:02:57 AM (3339 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/6/2006 11:00:10 AM (3357 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/6/2006 5:41:29 PM (3214 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/6/2006 6:07:08 PM (3223 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/7/2006 11:17:18 AM (3179 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/8/2006 6:51:25 PM (3189 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/8/2006 7:47:08 PM (3076 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/9/2006 9:34:30 AM (3061 views)
Re: A very, very shameless NON profit plug. Please read. - Jan Forster/NC
1/7/2006 10:41:16 AM (3330 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 12:33:35 PM (3266 views)
Re: A very, very shameless NON profit plug. Please read. - Robert Franco/OH
1/7/2006 4:10:54 PM (3295 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 5:20:53 PM (3201 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/7/2006 5:20:32 PM (5442 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 5:28:18 PM (3171 views)

E & O - Deborah Manion/VA
1/4/2006 10:46:12 AM (2179 views)
Re: E & O - Lisa Ramsey/TX
1/4/2006 10:55:31 AM (3223 views)
Re: E & O - Glenda Hodge/TN
1/4/2006 1:32:00 PM (3121 views)
Re: E & O - Glenda Hodge/TN
1/4/2006 1:33:38 PM (3199 views)
Re: E & O - Lynn Hammett/SC
1/4/2006 11:16:55 AM (3144 views)
Re: E & O - Lisa Ramsey/TX
1/4/2006 1:41:34 PM (3038 views)

Hotel rooms for NALTEA conference - Tim Lunn/NY
1/3/2006 12:30:05 PM (1756 views)

Inspirational Post - Interview with God - Lisa Ramsey/TX
1/2/2006 11:15:58 PM (3393 views)
Re: Inspirational Post - Interview with God - Jay Duncan/MO
1/3/2006 12:28:40 AM (3241 views)
Re: Inspirational Post - Interview with God - Kurt deVries/FL
1/3/2006 2:10:57 PM (3160 views)
Re: Inspirational Post - Interview with God - J.T. Shoemaker/NY
1/3/2006 3:01:06 PM (3070 views)
Re: Inspirational Post - Interview with God - Lisa Ramsey/TX
1/3/2006 5:08:56 PM (3216 views)

AH HA...... - Loretta Reed/MD
1/2/2006 7:45:53 AM (2288 views)
Re: AH HA...... - Rachel Malone/PA
1/2/2006 8:58:55 AM (3075 views)
Re: AH HA...... - Loretta Reed/MD
1/2/2006 11:12:44 AM (3015 views)

Order processing - J Nisonger/CA
1/1/2006 11:25:10 PM (2334 views)
Re: Order processing - Jay Duncan/MO
1/2/2006 12:30:02 AM (5460 views)
Re: Order processing - J Nisonger/CA
1/2/2006 6:06:46 PM (3079 views)
Re: Order processing - Jay Duncan/MO
1/2/2006 8:14:47 PM (3107 views)
Re: Order processing - Tammy Knight/MO
1/5/2006 12:43:25 AM (3136 views)
Re: Order processing - J Nisonger/CA
1/5/2006 10:50:20 PM (3011 views)

Scott - Kevin Ahern/CT
12/30/2005 5:22:13 PM (2473 views)
Re: Scott - Scott Perry/PA
12/31/2005 12:54:09 PM (3350 views)
Re: Scott - J.T. Shoemaker/NY
12/31/2005 10:58:59 PM (3258 views)
Re: Scott - Scott Perry/PA
12/31/2005 11:30:09 PM (3167 views)
Re: Scott - J.T. Shoemaker/NY
1/1/2006 10:41:48 AM (3220 views)
Re: Scott - Kevin Ahern/CT
1/1/2006 10:55:06 AM (3305 views)
Re: Scott - J.T. Shoemaker/NY
1/1/2006 11:18:42 AM (3321 views)
Re: Scott - Scott Perry/PA
1/1/2006 7:06:50 PM (3151 views)
Re: Scott - Scott Perry/PA
1/1/2006 1:31:42 PM (3268 views)
Re: Scott - Kevin Ahern/CT
1/1/2006 7:59:41 PM (3116 views)
Re: Scott - Scott Perry/PA
1/1/2006 10:18:55 PM (3138 views)
Re: Scott - Kevin Ahern/CT
1/2/2006 6:04:19 AM (3009 views)
Re: Scott - Scott Perry/PA
1/2/2006 12:55:35 PM (3067 views)
Re: Scott - Scott Perry/PA
1/1/2006 1:21:36 PM (3248 views)

Outsourcing - Ricky Farrow/FL
12/30/2005 10:17:26 AM (3624 views)
Re: Outsourcing - Ellen Malloy/MO
12/30/2005 11:21:35 AM (3293 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 12:58:16 PM (3215 views)
Re: Outsourcing - Ricky Farrow/FL
12/30/2005 1:42:05 PM (3231 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 2:26:01 PM (6283 views)
Re: Outsourcing - Ricky Farrow/FL
12/30/2005 4:39:45 PM (3117 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 5:49:48 PM (3194 views)
Re: Outsourcing - Tammy Knight/MO
1/5/2006 1:05:04 AM (3103 views)
Re: Outsourcing - Wanda Steudel/OH
1/5/2006 9:54:14 AM (3122 views)
Re: Outsourcing - Robert Franco/OH
1/5/2006 4:43:21 PM (3060 views)
Re: Outsourcing - David Bloys/TX
1/5/2006 5:43:54 PM (3013 views)
Re: Outsourcing - Robert Franco/OH
1/5/2006 6:33:44 PM (2985 views)
Re: Outsourcing - Tammy Knight/MO
1/6/2006 3:30:17 PM (2909 views)

How Do You Explain This?? - Glenda Hodge/TN
12/29/2005 9:48:09 PM (2530 views)
Re: How Do You Explain This?? - Rachel Malone/PA
12/30/2005 12:04:27 AM (3355 views)
Re: How Do You Explain This?? - Wanda Steudel/OH
12/30/2005 10:43:38 AM (3331 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 10:28:58 AM (3376 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
12/30/2005 12:10:08 PM (3280 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 4:53:41 PM (3199 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
12/30/2005 7:51:33 PM (3166 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 10:26:00 PM (3210 views)
Re: How Do You Explain This?? - David Bloys/TX
12/31/2005 9:13:42 AM (3251 views)
Re: How Do You Explain This?? - Robert Franco/OH
12/30/2005 5:16:14 PM (3268 views)
Re: How Do You Explain This?? - Jay Duncan/MO
1/1/2006 7:47:21 PM (3113 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/1/2006 8:27:23 PM (3066 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/1/2006 11:26:33 PM (3051 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 5:55:17 AM (3084 views)

The industry is changing drastically to the detriment of the independent abstractor. If you are relying on it exclusively as a source of income, you will probably experience difficulty in the days to come.

Expanding your areas of coverage to supplement lost income is a losing proposition if you are the only one performing abstracting. You would need to increase the number of searches completed in a day, and thereby decrease the amount of time devoted to each search. The quality of the product suffers. You can hire additional abstractors , and recapture a portion of the lost income after you pay them, employer contribution to FICA and benefits (if any), but that requires you to spend more time on business administration and less time in the field.

Offering the discount pricing to the client that you mentioned above is a precarious business arrangement. Very often the client will deliver the volume for a few weeks or months, but reduce the volume of work thereafter. However, they will expect the discount to continue after they no longer deliver the volume. If you are offering discount pricing make certain that you have a written agreement for it. They tend to be more responsive when the agreement is in writing. 

As both you and Jay have noted the abstractors that multi task and offer other services besides abstracting alone get the business. Time is the great leveler in this business. There are only so many hours in a day that the town halls/court houses are open to complete searches. Rather than expand your geographic area of coverage, it is easier to expand the number of services you offer. Most closings are done in the evenings at the convenience of the borrowers. The money is much better than abstracting. Your price negotiating power is greater. There are scores of signing services that go in and out of business every month, and the pool of clients constantly replenishes itself.

However, you do need to stay on top of them to make sure you get paid on time, and not be afraid to enforce timely payment through legal process.It is easier than you may think. 

You can offer closing services to an existing client or to new clients in addition to abstracting services, increase the number of hours in a work day, increase your income and rely less on the mercy of the VM.s for abstracting assignments.Unlike abstracting electronic automation is not yet a threat to closing work. It is also impossible to outsource the work because state statutes require the signing agent/attorney closer to be present at the closing to officiate.

In a small number of states the signing agents are required to work under the supervision of an attorney. In another small number of states there are special training and licensing requirements. Maryland is one, and I believe Illinois and Indiana are moving in that direction. As far as I know Tennessee is not among them, but you would need to check its requirements before beginning as a signing agent if you are interested


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Re: How Do You Explain This?? - Glenda Hodge/TN
1/2/2006 1:27:27 PM (3037 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 2:00:09 PM (3072 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/2/2006 2:14:29 PM (2919 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 2:33:30 PM (2912 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/2/2006 2:50:58 PM (3020 views)
Re: How Do You Explain This?? - Robert Franco/OH
1/3/2006 12:51:00 PM (3113 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/3/2006 1:45:35 PM (3022 views)
Re: How Do You Explain This?? - J Nisonger/CA
1/2/2006 6:14:00 PM (3027 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
1/2/2006 11:22:24 PM (3229 views)
Re: How Do You Explain This?? - J Nisonger/CA
1/3/2006 1:16:34 AM (3133 views)
Re: How Do You Explain This?? - george Hubka/MI
1/3/2006 6:52:10 PM (2870 views)


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