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[+] E and O Insurance - Larry Platt/PA (5 replies)
5/14/2018 9:19:57 AM (2794 views)

[+] No pay: MF Title of Ky DBA US Title - Christopher Mayer/VA (3 replies)
5/10/2018 11:54:04 AM (2632 views)

[+] E-mail Hacks - Jay Duncan/MO (4 replies)
5/8/2018 3:31:30 PM (2680 views)

Top 3 Title Agency Sale Brokers - Bob Power/MA
5/7/2018 10:30:22 AM (2023 views)

Nationwide Court Services - NY - Michael Ebersole/PA
5/3/2018 12:22:24 PM (2126 views)


Real Title Services


[+] Vdorite Services, LLC - Nancy Noblitt/AL (2 replies)
5/2/2018 4:35:10 PM (3254 views)

[+] Maybe a kick in the pants for our workload? - Alix Ott/MI (5 replies)
4/30/2018 2:51:39 PM (3458 views)

[+] Title Reporting Software - Ron McPherson/IA (8 replies)
4/30/2018 9:25:04 AM (2616 views)

[+] Stateside Oil and Gas - Larry Platt/PA (1 reply)
4/24/2018 3:00:03 PM (3254 views)

[+] Jayleen Myrah - Jim A/WV (20 replies)
4/20/2018 9:00:22 AM (3566 views)

[+] Fast TrackTitle-WARNING - Jason Knowles/AL (5 replies)
4/18/2018 3:51:53 PM (2800 views)

Back Title - Sara Tressler/PA
4/16/2018 4:11:22 PM (2365 views)

[+] Comment on "Florida Agency Network Closes First Refinance E-Closing Using Remote Online Notary" - Source of Title/OH (1 reply)
4/16/2018 11:01:42 AM (2537 views)

[+] Virtual Office Address - Serena Stout/VA (1 reply)
4/13/2018 3:38:30 PM (2397 views)

[-] Excellent article on our workload downturn - Alix Ott/MI (12 replies)
4/12/2018 6:26:35 AM (4200 views)
Good read .. - Bobbi Shorthouse, Notary Public/CT
4/12/2018 7:55:35 AM (2991 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 8:12:06 AM (2922 views)
Re: Good read .. - F P/VA
4/12/2018 10:29:50 AM (2915 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:17:13 PM (2899 views)
Re: Good read .. - F P/VA
4/12/2018 2:07:20 PM (2857 views)
Re: Good read .. - William Duncan/NC
4/12/2018 2:30:10 PM (3040 views)
Re: Good read .. - F P/VA
4/12/2018 3:03:40 PM (3006 views)
Re: Good read .. - William Duncan/NC
4/12/2018 4:33:57 PM (3006 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:47:42 PM (2867 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 (2849 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:05:10 PM (2899 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 1:08:44 PM (2785 views)


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