AbstractorPro (Real Title Services)
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 | show all replies



[+] Abstracts USA back? - Brandon/MI (1 reply)
9/27/2011 10:28:20 AM (2794 views)

[+] Abstrax LLC - Leigh Attridge/MA (8 replies)
9/24/2011 5:03:55 PM (4010 views)

[+] Smart Solutions - Leigh Attridge/MA (2 replies)
9/23/2011 12:00:45 PM (3022 views)

[+] NALTEA Conference, Clearwater, FL - Jeanine Johnson/MN (1 reply)
9/23/2011 11:51:45 AM (4090 views)

[+] Comment on "Staten Island Title Company Owner Gets Light Prison Sentence" - Source of Title/OH (5 replies)
9/23/2011 9:16:30 AM (3085 views)


Real Document Solutions
Real Title Services


[+] Your Tax Dollars at Work... - Scott Perry/PA (16 replies)
9/22/2011 8:03:16 AM (4433 views)

More on MERS-from the ALTA archives - J.H./OH
9/20/2011 10:05:13 PM (3696 views)

[+] Mass Land Records - Leigh Attridge/MA (4 replies)
9/20/2011 11:25:07 AM (3768 views)

Sold - Most Expensive Mobile Home in America - Leigh Attridge/MA
9/20/2011 9:35:44 AM (3574 views)

[+] Should an error correction be posted in the index? - Nils Nelson/ME (11 replies)
9/15/2011 3:44:00 PM (2839 views)

[+] Middlesex South ROD - warning - Leigh Attridge/MA (1 reply)
9/15/2011 2:53:47 PM (2782 views)

[-] Old Republic Re-Patriating Research - William Pattison /CA (2 replies)
9/15/2011 1:06:31 PM (2931 views)

Word on the street is that Old Republic recently informed it's staff that they are moving title searching back to America from India.

While this seems to be initially encouraging, and is in some ways, it is also still a symptom of the ongoing lowering of standards that technology has allowed to occur.

There is no indication that they intend to stop skip-chaining title back to the last ensured transaction.  For quick review:  this is the practice of  searching back only as far as either their firm or another title company has previously ensured at loan or sale, relying on the prior ensurer to have properly researched further back.

In the rare case where title has never been insured and research must go back further, then local research will be necessary, but this is already the case.  India had records back to 1985;  the extent of the DataTree databases available, and older research was always necessary, even in an age where blanket exceptions could be inserted into a prelim as a matter of poor but minimal practice.

In essence, this is a money saving effort, as the "search" phase is all automated now, such that sending an APN overnight to India for a sweatshop worker to input the number in a computer and email results back, is a waste of time and cost.  New systems previewed by Fidelity over a year ago allow realty agents and brokers to do this online themselves;  auto-generating  prelims with blanket exceptions by having the computer do the skip chain.

Otherwise, the research is in the title mall's warehouse in the old records;  NOT farmed out to the abstract community, so don't get your hopes up for new work as a result of this.  Their overhead is lowered, but that money will certainly go to bonuses for administrators, not for more hires nor outsource to our community.

to post a reply: login - or - register


Re: Old Republic Re-Patriating Research - john franz/NJ
9/19/2011 10:49:10 AM (3078 views)
Re: Old Republic Re-Patriating Research - William Pattison /CA
9/20/2011 5:58:57 PM (3008 views)

Underwriting - Sunil Rajan/IL
9/14/2011 5:55:08 PM (2205 views)

[+] NALTEA Conference in Clearwater - Patrick Scott/IL (3 replies)
9/14/2011 5:24:39 PM (4123 views)

Federal Archive shutdown / restructure pending - William Pattison /CA
9/14/2011 3:17:13 PM (2032 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 8825 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 Importance of Inhouse "vs" Online abstractors
Joan Miller's Blog
2023/01/31
0 comments

Preliminary Exam "Compass" and Instrument Guide for the Title Professional
From the desk of Christopher Kaufmann
2022/08/26
0 comments

A Reminder of Why Title Insurance is so Important
Source of Title Blog
2021/03/07
0 comments

Articles

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

ALTA Renews SoftPro as Elite Provider
A provider of comprehensive closing and title and escrow software, SoftPro offers cutting-edge technology and support se...
Single-Family Starts Remain Lackluster, but Expected to Begin Sustained Rebound Later This Year
Single-family production remained at an anemic pace in February as builders continue to wrestle with elevated mortgage r...
February New Home Purchase Mortgage Applications Increased 1.2 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for February 2023 shows mortgage applicatio...
Realty Company Owner Pleads Guilty in Fraud Scheme
Lee Ann Benninghoff of Aliquippa, Pennsylvania, owner and operater of Complete Escrow and Bella Casa Realty, used her po...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Treasury yields declined late last week, as market concerns over bank closures and the potential for broader ripp...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.