Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | hide all replies



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 (3076 views)
Hope they had no Affirmations - Patrick Nevling/FL
4/16/2018 11:01:42 AM (6119 views)

Virtual Office Address - Serena Stout/VA
4/13/2018 3:38:30 PM (2920 views)
Re: Virtual Office Address - William Duncan/NC
4/14/2018 1:03:23 AM (3788 views)

Excellent article on our workload downturn - Alix Ott/MI
4/12/2018 6:26:35 AM (4776 views)
Good read .. - Bobbi Shorthouse, Notary Public/CT
4/12/2018 7:55:35 AM (4044 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 8:12:06 AM (3955 views)
Re: Good read .. - F P/VA
4/12/2018 10:29:50 AM (3911 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:17:13 PM (3891 views)
Re: Good read .. - F P/VA
4/12/2018 2:07:20 PM (3817 views)
Re: Good read .. - William Duncan/NC
4/12/2018 2:30:10 PM (4026 views)
Re: Good read .. - F P/VA
4/12/2018 3:03:40 PM (4032 views)
Re: Good read .. - William Duncan/NC
4/12/2018 4:33:57 PM (4043 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:47:42 PM (3862 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 

to post a reply: login - or - register


Re: Good read .. - F P/VA
4/12/2018 9:57:50 AM (3901 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:05:10 PM (3951 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 1:08:44 PM (3805 views)

Paid - Sara Tressler/PA
4/9/2018 11:57:45 AM (2518 views)

Select Business Services - Smitty Strickland/SC
4/3/2018 6:04:38 PM (4276 views)
Re: Select Business Services - sam r/FL
4/3/2018 6:44:10 PM (4386 views)
Re: Select Business Services - Rene Blevins/VA
4/16/2018 9:01:11 AM (3652 views)
Re: Select Business Services - Sara Tressler/PA
4/16/2018 4:10:23 PM (4158 views)




ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 4:30:04 PM (3053 views)
Re: ALWAYS GET $ UPFRONT - William Duncan/NC
4/3/2018 4:33:42 PM (4153 views)
Re: ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 4:48:17 PM (4600 views)
Re: ALWAYS GET $ UPFRONT - William Duncan/NC
4/3/2018 4:55:02 PM (4250 views)
Re: ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 6:03:35 PM (4070 views)

Interesting - F P/VA
4/3/2018 11:32:37 AM (4540 views)
Re: Interesting - Joanna Sturza/MI
4/10/2018 7:55:49 AM (3884 views)
Re: Interesting - F P/VA
4/10/2018 2:24:17 PM (4132 views)

About T-00 Copy in TX for Title Searches - Abhinav Kumar G/TX
3/29/2018 12:32:58 PM (2873 views)
Re: About T-00 Copy in TX for Title Searches - James Powell/MI
3/30/2018 8:33:51 AM (6661 views)
Re: About T-00 Copy in TX for Title Searches - Tony Costa/LA
4/3/2018 9:48:31 AM (3655 views)
Re: About T-00 Copy in TX for Title Searches - Abhinav Kumar G/TX
4/3/2018 11:38:42 AM (3668 views)

Your Home as see by . . . - David Bloys/TX
3/28/2018 12:39:19 PM (4275 views)
Re: Your Home as see by . . . - Smitty Strickland/SC
3/28/2018 1:04:31 PM (3792 views)
Re: Your Home as see by . . . - Anita Backlund/MN
3/29/2018 3:50:31 PM (3630 views)

Searchtec - Smitty Strickland/SC
3/28/2018 11:13:41 AM (3120 views)
Re: Searchtec - F P/VA
3/28/2018 12:44:36 PM (3884 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 1:03:03 PM (3903 views)
Re: Searchtec - David Bloys/TX
3/28/2018 12:59:55 PM (3960 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 1:03:52 PM (3838 views)
Re: Searchtec - Naomi Backes/NC
3/28/2018 1:06:12 PM (3932 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 4:25:25 PM (4030 views)
Re: Searchtec - Michael Ebersole/PA
4/2/2018 8:52:11 AM (3792 views)

FNF ACQUIRING STEWART - Heidi Gemeling/FL
3/27/2018 2:21:41 PM (3135 views)
Re: FNF ACQUIRING STEWART - Michael Solt/PA
3/28/2018 11:56:30 AM (4060 views)
Re: FNF ACQUIRING STEWART - Jeffrey Land/NJ
4/2/2018 11:11:08 AM (3776 views)

Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
3/26/2018 6:12:10 PM (2846 views)
Re: Abacus Tech Services LLC - Brian Gibson - Jolene Crofoot/MN
3/28/2018 3:57:11 PM (6777 views)
Re: Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
3/28/2018 6:48:36 PM (3725 views)
Re: Abacus Tech Services LLC - Brian Gibson - Michael Hester/WA
4/6/2018 1:04:48 PM (3732 views)
Re: Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
4/6/2018 5:30:06 PM (3704 views)

Block chain - F P/VA
3/25/2018 9:57:09 PM (3288 views)
Re: Block chain - James Powell/MI
3/26/2018 11:04:30 AM (3887 views)
Re: Block chain - Heidi Gemeling/FL
3/27/2018 2:16:06 PM (3790 views)
Re: Block chain - F P/VA
3/28/2018 12:40:31 PM (8463 views)
Re: Block chain - James Powell/MI
3/29/2018 10:42:55 AM (3634 views)
Re: Block chain - F P/VA
3/29/2018 12:19:54 PM (3618 views)
Re: Block chain - James Powell/MI
3/29/2018 10:37:54 AM (6411 views)
Re: Block chain - Leigh Attridge/MA
3/29/2018 10:07:37 AM (3644 views)
Re: Block chain - Heidi Gemeling/FL
3/29/2018 11:01:12 AM (3577 views)
Re: Block chain - F P/VA
3/29/2018 1:01:20 PM (3713 views)
Re: Block chain - David Bloys/TX
3/29/2018 9:34:35 PM (3594 views)
Re: Block chain - Scott Oberlin/OH
3/30/2018 10:45:15 AM (3659 views)
Re: Block chain - Don (Chunshen) Li/GA
4/30/2018 6:57:06 PM (2673 views)

Equity National Title - Smitty Strickland/SC
3/25/2018 2:59:32 PM (3122 views)
Re: Equity National Title - Regina  Engebritson/MN
3/26/2018 11:10:41 AM (3271 views)
Re: Equity National Title - Smitty Strickland/SC
3/26/2018 11:38:29 AM (3193 views)
Re: Equity National Title - Patrick Nevling/FL
4/2/2018 9:11:32 AM (3039 views)
Re: Equity National Title - Smitty Strickland/SC
4/9/2018 3:52:39 PM (2799 views)

Advanced Digital Sys - William Duncan/NC
3/22/2018 2:33:08 PM (2593 views)
Re: Advanced Digital Sys - Smitty Strickland/SC
3/25/2018 3:01:57 PM (3056 views)
Re: Advanced Digital Sys - Jay Duncan/MO
3/26/2018 3:04:10 PM (3237 views)
Re: Advanced Digital Sys - William Duncan/NC
4/3/2018 11:25:48 AM (2773 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8961 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

The Source of Title - Part I: Freedom Written, Freedom Insured
Ben DuBay's Blog
2026/02/15
0 comments

Shared Driveway Agreements
Marissa Berends's Blog
2025/12/10
0 comments

Explain It Like I’m 5: FIRPTA Edition
Marissa Berends's Blog
2025/12/03
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

NAR Pending Home Sales Report Shows 0.8% Decrease in January
“Improving affordability conditions have yet to induce more buying activity,” said NAR Chief Economist Dr. L...
Ruling Protects North Carolina Homebuyers from Predatory Contracts
The Superior Court of North Carolina, Wake County, granted summary judgment in favor of the North Carolina Department of...
Overall Housing Starts Inch Lower in 2025
“Single-family home building dipped in 2025 because of ongoing affordability challenges, fueled by high housing pr...
NAHB Expects Remodeling Growth in 2026 and Beyond
“There are many factors contributing to the continued growth of the remodeling market, including the aging housing...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage applications rose last week as the lowest rates in four weeks helped to revive some refinance activity. ...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.