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Comment on "Florida Agency Network Closes First Refinance E-Closing Using Remote Online Notary" - Source of Title/OH
4/16/2018 11:01:42 AM (2781 views)
Hope they had no Affirmations - Patrick Nevling/FL
4/16/2018 11:01:42 AM (5487 views)

Virtual Office Address - Serena Stout/VA
4/13/2018 3:38:30 PM (2621 views)
Re: Virtual Office Address - William Duncan/NC
4/14/2018 1:03:23 AM (3340 views)

Excellent article on our workload downturn - Alix Ott/MI
4/12/2018 6:26:35 AM (4523 views)
Good read .. - Bobbi Shorthouse, Notary Public/CT
4/12/2018 7:55:35 AM (3555 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 8:12:06 AM (3457 views)
Re: Good read .. - F P/VA
4/12/2018 10:29:50 AM (3467 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:17:13 PM (3409 views)
Re: Good read .. - F P/VA
4/12/2018 2:07:20 PM (3372 views)
Re: Good read .. - William Duncan/NC
4/12/2018 2:30:10 PM (3570 views)
Re: Good read .. - F P/VA
4/12/2018 3:03:40 PM (3576 views)
Re: Good read .. - William Duncan/NC
4/12/2018 4:33:57 PM (3573 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:47:42 PM (3384 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 (3391 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:05:10 PM (3498 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 1:08:44 PM (3344 views)

Paid - Sara Tressler/PA
4/9/2018 11:57:45 AM (2284 views)

Select Business Services - Smitty Strickland/SC
4/3/2018 6:04:38 PM (4065 views)
Re: Select Business Services - sam r/FL
4/3/2018 6:44:10 PM (3924 views)
Re: Select Business Services - Rene Blevins/VA
4/16/2018 9:01:11 AM (3233 views)
Re: Select Business Services - Sara Tressler/PA
4/16/2018 4:10:23 PM (3716 views)




ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 4:30:04 PM (2770 views)
Re: ALWAYS GET $ UPFRONT - William Duncan/NC
4/3/2018 4:33:42 PM (3713 views)
Re: ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 4:48:17 PM (4153 views)
Re: ALWAYS GET $ UPFRONT - William Duncan/NC
4/3/2018 4:55:02 PM (3825 views)
Re: ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 6:03:35 PM (3620 views)

Interesting - F P/VA
4/3/2018 11:32:37 AM (4275 views)
Re: Interesting - Joanna Sturza/MI
4/10/2018 7:55:49 AM (3432 views)
Re: Interesting - F P/VA
4/10/2018 2:24:17 PM (3677 views)

About T-00 Copy in TX for Title Searches - Abhinav Kumar G/TX
3/29/2018 12:32:58 PM (2636 views)
Re: About T-00 Copy in TX for Title Searches - James Powell/MI
3/30/2018 8:33:51 AM (6205 views)
Re: About T-00 Copy in TX for Title Searches - Tony Costa/LA
4/3/2018 9:48:31 AM (3267 views)
Re: About T-00 Copy in TX for Title Searches - Abhinav Kumar G/TX
4/3/2018 11:38:42 AM (3249 views)

Your Home as see by . . . - David Bloys/TX
3/28/2018 12:39:19 PM (3963 views)
Re: Your Home as see by . . . - Smitty Strickland/SC
3/28/2018 1:04:31 PM (3403 views)
Re: Your Home as see by . . . - Anita Backlund/MN
3/29/2018 3:50:31 PM (3242 views)

Searchtec - Smitty Strickland/SC
3/28/2018 11:13:41 AM (2885 views)
Re: Searchtec - F P/VA
3/28/2018 12:44:36 PM (3516 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 1:03:03 PM (3494 views)
Re: Searchtec - David Bloys/TX
3/28/2018 12:59:55 PM (3560 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 1:03:52 PM (3441 views)
Re: Searchtec - Naomi Backes/NC
3/28/2018 1:06:12 PM (3488 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 4:25:25 PM (3621 views)
Re: Searchtec - Michael Ebersole/PA
4/2/2018 8:52:11 AM (3345 views)

FNF ACQUIRING STEWART - Heidi Gemeling/FL
3/27/2018 2:21:41 PM (2878 views)
Re: FNF ACQUIRING STEWART - Michael Solt/PA
3/28/2018 11:56:30 AM (3603 views)
Re: FNF ACQUIRING STEWART - Jeffrey Land/NJ
4/2/2018 11:11:08 AM (3343 views)

Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
3/26/2018 6:12:10 PM (2569 views)
Re: Abacus Tech Services LLC - Brian Gibson - Jolene Crofoot/MN
3/28/2018 3:57:11 PM (6281 views)
Re: Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
3/28/2018 6:48:36 PM (3254 views)
Re: Abacus Tech Services LLC - Brian Gibson - Michael Hester/WA
4/6/2018 1:04:48 PM (3281 views)
Re: Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
4/6/2018 5:30:06 PM (3262 views)

Block chain - F P/VA
3/25/2018 9:57:09 PM (2996 views)
Re: Block chain - James Powell/MI
3/26/2018 11:04:30 AM (3441 views)
Re: Block chain - Heidi Gemeling/FL
3/27/2018 2:16:06 PM (3364 views)
Re: Block chain - F P/VA
3/28/2018 12:40:31 PM (8043 views)
Re: Block chain - James Powell/MI
3/29/2018 10:42:55 AM (3182 views)
Re: Block chain - F P/VA
3/29/2018 12:19:54 PM (3204 views)
Re: Block chain - James Powell/MI
3/29/2018 10:37:54 AM (5863 views)
Re: Block chain - Leigh Attridge/MA
3/29/2018 10:07:37 AM (3221 views)
Re: Block chain - Heidi Gemeling/FL
3/29/2018 11:01:12 AM (3168 views)
Re: Block chain - F P/VA
3/29/2018 1:01:20 PM (3285 views)
Re: Block chain - David Bloys/TX
3/29/2018 9:34:35 PM (3142 views)
Re: Block chain - Scott Oberlin/OH
3/30/2018 10:45:15 AM (3254 views)
Re: Block chain - Don (Chunshen) Li/GA
4/30/2018 6:57:06 PM (2225 views)

Equity National Title - Smitty Strickland/SC
3/25/2018 2:59:32 PM (2849 views)
Re: Equity National Title - Regina  Engebritson/MN
3/26/2018 11:10:41 AM (2872 views)
Re: Equity National Title - Smitty Strickland/SC
3/26/2018 11:38:29 AM (2752 views)
Re: Equity National Title - Patrick Nevling/FL
4/2/2018 9:11:32 AM (2649 views)
Re: Equity National Title - Smitty Strickland/SC
4/9/2018 3:52:39 PM (2369 views)

Advanced Digital Sys - William Duncan/NC
3/22/2018 2:33:08 PM (2332 views)
Re: Advanced Digital Sys - Smitty Strickland/SC
3/25/2018 3:01:57 PM (2607 views)
Re: Advanced Digital Sys - Jay Duncan/MO
3/26/2018 3:04:10 PM (2793 views)
Re: Advanced Digital Sys - William Duncan/NC
4/3/2018 11:25:48 AM (2368 views)


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