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Excellent article on our workload downturn - Alix Ott/MI
4/12/2018 6:26:35 AM (4594 views)
Good read .. - Bobbi Shorthouse, Notary Public/CT
4/12/2018 7:55:35 AM (3693 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 8:12:06 AM (3601 views)
Re: Good read .. - F P/VA
4/12/2018 10:29:50 AM (3590 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:17:13 PM (3546 views)
Re: Good read .. - F P/VA
4/12/2018 2:07:20 PM (3507 views)
Re: Good read .. - William Duncan/NC
4/12/2018 2:30:10 PM (3697 views)
Re: Good read .. - F P/VA
4/12/2018 3:03:40 PM (3712 views)
Re: Good read .. - William Duncan/NC
4/12/2018 4:33:57 PM (3702 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:47:42 PM (3522 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 (3531 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:05:10 PM (3625 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 1:08:44 PM (3464 views)

Paid - Sara Tressler/PA
4/9/2018 11:57:45 AM (2348 views)

Select Business Services - Smitty Strickland/SC
4/3/2018 6:04:38 PM (4129 views)
Re: Select Business Services - sam r/FL
4/3/2018 6:44:10 PM (4058 views)
Re: Select Business Services - Rene Blevins/VA
4/16/2018 9:01:11 AM (3349 views)
Re: Select Business Services - Sara Tressler/PA
4/16/2018 4:10:23 PM (3848 views)

ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 4:30:04 PM (2849 views)
Re: ALWAYS GET $ UPFRONT - William Duncan/NC
4/3/2018 4:33:42 PM (3839 views)
Re: ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 4:48:17 PM (4279 views)
Re: ALWAYS GET $ UPFRONT - William Duncan/NC
4/3/2018 4:55:02 PM (3948 views)
Re: ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 6:03:35 PM (3747 views)

Interesting - F P/VA
4/3/2018 11:32:37 AM (4359 views)
Re: Interesting - Joanna Sturza/MI
4/10/2018 7:55:49 AM (3557 views)
Re: Interesting - F P/VA
4/10/2018 2:24:17 PM (3809 views)


Real Title Services


About T-00 Copy in TX for Title Searches - Abhinav Kumar G/TX
3/29/2018 12:32:58 PM (2692 views)
Re: About T-00 Copy in TX for Title Searches - James Powell/MI
3/30/2018 8:33:51 AM (6329 views)
Re: About T-00 Copy in TX for Title Searches - Tony Costa/LA
4/3/2018 9:48:31 AM (3369 views)
Re: About T-00 Copy in TX for Title Searches - Abhinav Kumar G/TX
4/3/2018 11:38:42 AM (3372 views)

Your Home as see by . . . - David Bloys/TX
3/28/2018 12:39:19 PM (4053 views)
Re: Your Home as see by . . . - Smitty Strickland/SC
3/28/2018 1:04:31 PM (3512 views)
Re: Your Home as see by . . . - Anita Backlund/MN
3/29/2018 3:50:31 PM (3352 views)

Searchtec - Smitty Strickland/SC
3/28/2018 11:13:41 AM (2945 views)
Re: Searchtec - F P/VA
3/28/2018 12:44:36 PM (3614 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 1:03:03 PM (3599 views)
Re: Searchtec - David Bloys/TX
3/28/2018 12:59:55 PM (3672 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 1:03:52 PM (3551 views)
Re: Searchtec - Naomi Backes/NC
3/28/2018 1:06:12 PM (3609 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 4:25:25 PM (3735 views)
Re: Searchtec - Michael Ebersole/PA
4/2/2018 8:52:11 AM (3467 views)

FNF ACQUIRING STEWART - Heidi Gemeling/FL
3/27/2018 2:21:41 PM (2943 views)
Re: FNF ACQUIRING STEWART - Michael Solt/PA
3/28/2018 11:56:30 AM (3723 views)
Re: FNF ACQUIRING STEWART - Jeffrey Land/NJ
4/2/2018 11:11:08 AM (3463 views)

Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
3/26/2018 6:12:10 PM (2630 views)
Re: Abacus Tech Services LLC - Brian Gibson - Jolene Crofoot/MN
3/28/2018 3:57:11 PM (6412 views)
Re: Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
3/28/2018 6:48:36 PM (3379 views)
Re: Abacus Tech Services LLC - Brian Gibson - Michael Hester/WA
4/6/2018 1:04:48 PM (3404 views)
Re: Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
4/6/2018 5:30:06 PM (3382 views)

Block chain - F P/VA
3/25/2018 9:57:09 PM (3100 views)
Re: Block chain - James Powell/MI
3/26/2018 11:04:30 AM (3575 views)
Re: Block chain - Heidi Gemeling/FL
3/27/2018 2:16:06 PM (3485 views)
Re: Block chain - F P/VA
3/28/2018 12:40:31 PM (8166 views)
Re: Block chain - James Powell/MI
3/29/2018 10:42:55 AM (3310 views)
Re: Block chain - F P/VA
3/29/2018 12:19:54 PM (3329 views)
Re: Block chain - James Powell/MI
3/29/2018 10:37:54 AM (6006 views)
Re: Block chain - Leigh Attridge/MA
3/29/2018 10:07:37 AM (3331 views)
Re: Block chain - Heidi Gemeling/FL
3/29/2018 11:01:12 AM (3282 views)
Re: Block chain - F P/VA
3/29/2018 1:01:20 PM (3409 views)
Re: Block chain - David Bloys/TX
3/29/2018 9:34:35 PM (3275 views)
Re: Block chain - Scott Oberlin/OH
3/30/2018 10:45:15 AM (3366 views)
Re: Block chain - Don (Chunshen) Li/GA
4/30/2018 6:57:06 PM (2358 views)

Equity National Title - Smitty Strickland/SC
3/25/2018 2:59:32 PM (2928 views)
Re: Equity National Title - Regina  Engebritson/MN
3/26/2018 11:10:41 AM (2983 views)
Re: Equity National Title - Smitty Strickland/SC
3/26/2018 11:38:29 AM (2881 views)
Re: Equity National Title - Patrick Nevling/FL
4/2/2018 9:11:32 AM (2758 views)
Re: Equity National Title - Smitty Strickland/SC
4/9/2018 3:52:39 PM (2485 views)

Advanced Digital Sys - William Duncan/NC
3/22/2018 2:33:08 PM (2394 views)
Re: Advanced Digital Sys - Smitty Strickland/SC
3/25/2018 3:01:57 PM (2735 views)
Re: Advanced Digital Sys - Jay Duncan/MO
3/26/2018 3:04:10 PM (2915 views)
Re: Advanced Digital Sys - William Duncan/NC
4/3/2018 11:25:48 AM (2491 views)

Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Source of Title/OH
3/14/2018 12:26:10 PM (3073 views)
Who do you recommend as title insurers for E&O? - Terry Ray/OH
3/14/2018 12:26:10 PM (4010 views)
Re: Who do you recommend as title insurers for E&O? - Smitty Strickland/SC
3/25/2018 3:03:12 PM (3548 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Alix Ott/MI
3/19/2018 8:39:39 AM (3568 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Diane Price/FL
3/26/2018 9:39:52 AM (3487 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - nick kremer/NC
3/26/2018 1:06:29 PM (3660 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Leigh Attridge/MA
4/1/2018 9:51:09 PM (3342 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Toni Shepherd/MS
4/2/2018 11:54:16 AM (3309 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Leigh Attridge/MA
4/2/2018 12:59:17 PM (3228 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Toni Shepherd/MS
4/2/2018 1:07:27 PM (3244 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - nick kremer/NC
4/2/2018 3:42:47 PM (3347 views)
Re: Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Toni Shepherd/MS
4/2/2018 3:47:19 PM (3213 views)

What Is Your Most Isolated County? - David Bloys/TX
3/13/2018 2:21:39 PM (4441 views)
Re: What Is Your Most Isolated County? - Robert Franco/OH
3/13/2018 3:27:41 PM (2910 views)
Re: What Is Your Most Isolated County? - David Bloys/TX
3/13/2018 6:28:31 PM (2934 views)
Re: What Is Your Most Isolated County? - Jay Duncan/MO
3/14/2018 9:05:06 AM (3027 views)
Re: What Is Your Most Isolated County? - David Bloys/TX
3/14/2018 11:15:39 AM (2812 views)
Re: What Is Your Most Isolated County? - David Waller /PA
5/7/2018 8:40:36 AM (2261 views)
Re: What Is Your Most Isolated County? - David Bloys/TX
5/8/2018 9:10:57 AM (2164 views)
Re: What Is Your Most Isolated County? - David Waller /PA
5/8/2018 2:57:28 PM (2259 views)
Re: What Is Your Most Isolated County? - David Bloys/TX
5/8/2018 5:00:16 PM (4371 views)
Re: What Is Your Most Isolated County? - David Waller /PA
5/8/2018 5:15:49 PM (2337 views)
Re: What Is Your Most Isolated County? - Jacqueline Costa/RI
3/14/2018 2:05:09 PM (2879 views)
Re: What Is Your Most Isolated County? - David Bloys/TX
3/14/2018 4:34:57 PM (2705 views)
Re: What Is Your Most Isolated County? - Alix Ott/MI
3/19/2018 8:34:17 AM (2660 views)
Re: What Is Your Most Isolated County? - Mark Rasnick/OH
3/19/2018 3:55:26 PM (2551 views)
Re: What Is Your Most Isolated County? - Daniel Silverburg/CA
3/19/2018 9:47:54 AM (2651 views)
Re: What Is Your Most Isolated County? - Dan Zook/NY
3/19/2018 6:15:33 PM (2604 views)
Re: What Is Your Most Isolated County? - Daniel Silverburg/CA
3/19/2018 8:01:17 PM (2649 views)
Re: What Is Your Most Isolated County? - Dan Zook/NY
3/20/2018 10:13:46 AM (2791 views)
Re: What Is Your Most Isolated County? - Toni Shepherd/MS
4/2/2018 3:44:15 PM (2434 views)
Re: What Is Your Most Isolated County? - David Bloys/TX
4/2/2018 5:41:09 PM (2477 views)
Re: What Is Your Most Isolated County? - Toni Shepherd/MS
4/3/2018 10:07:20 AM (2431 views)
Re: What Is Your Most Isolated County? - David Bloys/TX
4/3/2018 10:22:53 AM (2403 views)
Re: What Is Your Most Isolated County? - Jean Lurtsema/AK
5/25/2018 12:43:06 PM (2226 views)


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