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Who's Coming - Nikky Eisenhuth/FL
1/4/2006 5:24:23 PM (3401 views)
Re: Who's Coming - Robert Franco/OH
1/4/2006 5:30:44 PM (3548 views)
Re: Who's Coming - Kurt deVries/FL
1/4/2006 10:25:06 PM (3644 views)
Re: Who's Coming - Wanda Steudel/OH
1/5/2006 9:49:12 AM (3547 views)
Re: Who's Coming - Jay Duncan/MO
1/5/2006 10:27:53 AM (3607 views)
Re: Who's Coming - John OConnor/IL
1/5/2006 4:37:46 PM (3533 views)

Quickly approaching... - Jay Duncan/MO
1/4/2006 2:05:53 PM (3555 views)
Re: Quickly approaching... - Ximena Vargas/NY
1/4/2006 3:10:01 PM (3704 views)
Conference transportation from Airport to Hotel - Jay Duncan/MO
1/4/2006 3:28:56 PM (3602 views)
Re: Conference transportation from Airport to Hotel - Robert Franco/OH
1/4/2006 4:08:59 PM (3580 views)
Re: Conference transportation from Airport to Hotel - Patrick Scott/IL
1/4/2006 11:14:01 PM (3562 views)
Re: Conference transportation from Airport to Hotel - Ximena Vargas/NY
1/5/2006 5:18:02 PM (3494 views)

A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 12:04:50 PM (3626 views)
Re: A very, very shameless NON profit plug. Please read. - Jay Duncan/MO
1/4/2006 12:46:06 PM (3721 views)
Re: A very, very shameless NON profit plug. Please read. - J.T. Shoemaker/NY
1/4/2006 1:23:41 PM (3810 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 1:25:39 PM (3863 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 2:32:21 PM (3841 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 2:38:26 PM (4071 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 6:42:25 PM (3834 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/4/2006 8:14:26 PM (3761 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/4/2006 8:24:06 PM (3814 views)
Re: A very, very shameless NON profit plug. Please read. - Jan Forster/NC
1/4/2006 10:39:49 PM (5997 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 11:07:50 PM (3655 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/6/2006 9:02:57 AM (3816 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/6/2006 11:00:10 AM (3808 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/6/2006 5:41:29 PM (3698 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/6/2006 6:07:08 PM (3707 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/7/2006 11:17:18 AM (3671 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/8/2006 6:51:25 PM (3677 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/8/2006 7:47:08 PM (3544 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/9/2006 9:34:30 AM (3529 views)
Re: A very, very shameless NON profit plug. Please read. - Jan Forster/NC
1/7/2006 10:41:16 AM (3845 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 12:33:35 PM (3730 views)
Re: A very, very shameless NON profit plug. Please read. - Robert Franco/OH
1/7/2006 4:10:54 PM (3754 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 5:20:53 PM (3678 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/7/2006 5:20:32 PM (5961 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 5:28:18 PM (3658 views)

E & O - Deborah Manion/VA
1/4/2006 10:46:12 AM (2350 views)
Re: E & O - Lisa Ramsey/TX
1/4/2006 10:55:31 AM (3741 views)
Re: E & O - Glenda Hodge/TN
1/4/2006 1:32:00 PM (3629 views)
Re: E & O - Glenda Hodge/TN
1/4/2006 1:33:38 PM (3690 views)
Re: E & O - Lynn Hammett/SC
1/4/2006 11:16:55 AM (3640 views)
Re: E & O - Lisa Ramsey/TX
1/4/2006 1:41:34 PM (3515 views)

Hotel rooms for NALTEA conference - Tim Lunn/NY
1/3/2006 12:30:05 PM (1883 views)




Inspirational Post - Interview with God - Lisa Ramsey/TX
1/2/2006 11:15:58 PM (3641 views)
Re: Inspirational Post - Interview with God - Jay Duncan/MO
1/3/2006 12:28:40 AM (3754 views)
Re: Inspirational Post - Interview with God - Kurt deVries/FL
1/3/2006 2:10:57 PM (3685 views)
Re: Inspirational Post - Interview with God - J.T. Shoemaker/NY
1/3/2006 3:01:06 PM (3626 views)
Re: Inspirational Post - Interview with God - Lisa Ramsey/TX
1/3/2006 5:08:56 PM (3770 views)

AH HA...... - Loretta Reed/MD
1/2/2006 7:45:53 AM (2437 views)
Re: AH HA...... - Rachel Malone/PA
1/2/2006 8:58:55 AM (3623 views)
Re: AH HA...... - Loretta Reed/MD
1/2/2006 11:12:44 AM (3578 views)

Order processing - J Nisonger/CA
1/1/2006 11:25:10 PM (2487 views)
Re: Order processing - Jay Duncan/MO
1/2/2006 12:30:02 AM (6105 views)
Re: Order processing - J Nisonger/CA
1/2/2006 6:06:46 PM (3654 views)
Re: Order processing - Jay Duncan/MO
1/2/2006 8:14:47 PM (3665 views)
Re: Order processing - Tammy Knight/MO
1/5/2006 12:43:25 AM (3741 views)
Re: Order processing - J Nisonger/CA
1/5/2006 10:50:20 PM (3545 views)

Scott - Kevin Ahern/CT
12/30/2005 5:22:13 PM (2644 views)
Re: Scott - Scott Perry/PA
12/31/2005 12:54:09 PM (3970 views)
Re: Scott - J.T. Shoemaker/NY
12/31/2005 10:58:59 PM (3811 views)
Re: Scott - Scott Perry/PA
12/31/2005 11:30:09 PM (3716 views)
Re: Scott - J.T. Shoemaker/NY
1/1/2006 10:41:48 AM (3846 views)
Re: Scott - Kevin Ahern/CT
1/1/2006 10:55:06 AM (3906 views)
Re: Scott - J.T. Shoemaker/NY
1/1/2006 11:18:42 AM (3895 views)
Re: Scott - Scott Perry/PA
1/1/2006 7:06:50 PM (3747 views)
Re: Scott - Scott Perry/PA
1/1/2006 1:31:42 PM (3841 views)
Re: Scott - Kevin Ahern/CT
1/1/2006 7:59:41 PM (3688 views)
Re: Scott - Scott Perry/PA
1/1/2006 10:18:55 PM (3709 views)
Re: Scott - Kevin Ahern/CT
1/2/2006 6:04:19 AM (3574 views)
Re: Scott - Scott Perry/PA
1/2/2006 12:55:35 PM (3778 views)
Re: Scott - Scott Perry/PA
1/1/2006 1:21:36 PM (3853 views)

Outsourcing - Ricky Farrow/FL
12/30/2005 10:17:26 AM (3790 views)
Re: Outsourcing - Ellen Malloy/MO
12/30/2005 11:21:35 AM (3828 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 12:58:16 PM (3801 views)
Re: Outsourcing - Ricky Farrow/FL
12/30/2005 1:42:05 PM (3796 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 2:26:01 PM (6905 views)
Re: Outsourcing - Ricky Farrow/FL
12/30/2005 4:39:45 PM (3694 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 5:49:48 PM (3745 views)
Re: Outsourcing - Tammy Knight/MO
1/5/2006 1:05:04 AM (3676 views)
Re: Outsourcing - Wanda Steudel/OH
1/5/2006 9:54:14 AM (3677 views)
Re: Outsourcing - Robert Franco/OH
1/5/2006 4:43:21 PM (3587 views)
Re: Outsourcing - David Bloys/TX
1/5/2006 5:43:54 PM (3609 views)
Re: Outsourcing - Robert Franco/OH
1/5/2006 6:33:44 PM (3555 views)
Re: Outsourcing - Tammy Knight/MO
1/6/2006 3:30:17 PM (3461 views)

How Do You Explain This?? - Glenda Hodge/TN
12/29/2005 9:48:09 PM (2680 views)
Re: How Do You Explain This?? - Rachel Malone/PA
12/30/2005 12:04:27 AM (3877 views)
Re: How Do You Explain This?? - Wanda Steudel/OH
12/30/2005 10:43:38 AM (3855 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 10:28:58 AM (3882 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
12/30/2005 12:10:08 PM (3802 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 4:53:41 PM (3730 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
12/30/2005 7:51:33 PM (3693 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 10:26:00 PM (3738 views)
Re: How Do You Explain This?? - David Bloys/TX
12/31/2005 9:13:42 AM (3802 views)
Re: How Do You Explain This?? - Robert Franco/OH
12/30/2005 5:16:14 PM (3814 views)
Re: How Do You Explain This?? - Jay Duncan/MO
1/1/2006 7:47:21 PM (3638 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/1/2006 8:27:23 PM (3589 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/1/2006 11:26:33 PM (3574 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 5:55:17 AM (3640 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 (3551 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 2:00:09 PM (3612 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/2/2006 2:14:29 PM (3435 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 2:33:30 PM (3455 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/2/2006 2:50:58 PM (3547 views)
Re: How Do You Explain This?? - Robert Franco/OH
1/3/2006 12:51:00 PM (3654 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/3/2006 1:45:35 PM (3538 views)
Re: How Do You Explain This?? - J Nisonger/CA
1/2/2006 6:14:00 PM (3596 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
1/2/2006 11:22:24 PM (3819 views)
Re: How Do You Explain This?? - J Nisonger/CA
1/3/2006 1:16:34 AM (3637 views)
Re: How Do You Explain This?? - george Hubka/MI
1/3/2006 6:52:10 PM (3382 views)

Scanner update - J Nisonger/CA
12/29/2005 9:54:37 AM (3250 views)

Acculink - Deborah Manion/VA
12/28/2005 3:13:07 PM (2827 views)
Re: Acculink - Glenda Hodge/TN
12/28/2005 11:05:13 PM (3699 views)
Re: Acculink - george Hubka/MI
1/3/2006 6:57:03 PM (3482 views)
Re: Acculink - Glenda Hodge/TN
1/3/2006 7:31:24 PM (3523 views)
Re: Acculink - J Nisonger/CA
1/5/2006 10:57:41 PM (3334 views)

DLC Title Services - Susan/OH
12/27/2005 4:34:46 PM (2202 views)

NALTEA CONFERENCE - Ximena Vargas/NY
12/27/2005 3:55:51 PM (2389 views)
Re: NALTEA CONFERENCE - Jay Duncan/MO
12/27/2005 8:24:48 PM (5884 views)


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