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



[+] Maybe a kick in the pants for our workload? - Alix Ott/MI (5 replies)
4/30/2018 2:51:39 PM (3690 views)

[+] Title Reporting Software - Ron McPherson/IA (8 replies)
4/30/2018 9:25:04 AM (2805 views)

[+] Stateside Oil and Gas - Larry Platt/PA (1 reply)
4/24/2018 3:00:03 PM (3447 views)

[+] Jayleen Myrah - Jim A/WV (20 replies)
4/20/2018 9:00:22 AM (3773 views)

[+] Fast TrackTitle-WARNING - Jason Knowles/AL (5 replies)
4/18/2018 3:51:53 PM (2994 views)




Back Title - Sara Tressler/PA
4/16/2018 4:11:22 PM (2577 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 (2759 views)

[+] Virtual Office Address - Serena Stout/VA (1 reply)
4/13/2018 3:38:30 PM (2592 views)

[+] Excellent article on our workload downturn - Alix Ott/MI (12 replies)
4/12/2018 6:26:35 AM (4498 views)

Paid - Sara Tressler/PA
4/9/2018 11:57:45 AM (2268 views)

[+] Select Business Services - Smitty Strickland/SC (3 replies)
4/3/2018 6:04:38 PM (4041 views)

[+] ALWAYS GET $ UPFRONT - sam r/FL (4 replies)
4/3/2018 4:30:04 PM (2749 views)

[-] Interesting - F P/VA (2 replies)
4/3/2018 11:32:37 AM (4249 views)
Re: Interesting - Joanna Sturza/MI
4/10/2018 7:55:49 AM (3369 views)
Re: Interesting - F P/VA
4/10/2018 2:24:17 PM (3607 views)

It is slow but some work is done in-house and a lot of work is going overseas.  And our fellow abstractors in the states are lowering their fees to match those overseas just so they can get the work, I guess because a little income is better than no income.  I think they are just delaying the inevitable.  The industry is changing and I feel there will be little to no use for abstractors.  Why pay us when they've hired kids fresh out of high school and pay them minimum wage and quickly train them to do a "search".  No wonder E&O rates are going up, it's not because of us properly trained and schooled abstractors.

I'm twiddling my thumbs most days because I wont lower my fees.  There's some work out there if you want to work for what would equal minimum wage by the time you add up the hours you worked.  I have a lot of friends and relatives in the industry (banks, title companies, etc), I know that several vendor management companies are quietly downsizing due to the slow economy. I have relatives being laid off from a bank that used to do a lot a refinances and another relative and two friends laid off from a title company. Four title companies I worked for went out of business in the last twelve months. And lets not forget that block chain is coming.  I have very little faith that work will pick up.  While I try to figure out what I really want to do next, I've taken a couple of night classes. I still do searches, but have taken on some part time work to cover bills. 

I think "abstractor" is a dying job.  I think technology is changing all the job markets and we need to change with it or get left behind. Maybe I'm wrong, but I'm still taking classes at night just in case.  I used to really enjoy doing title searches.

 

to post a reply: login - or - register



[+] About T-00 Copy in TX for Title Searches - Abhinav Kumar G/TX (3 replies)
3/29/2018 12:32:58 PM (2612 views)

[+] Your Home as see by . . . - David Bloys/TX (2 replies)
3/28/2018 12:39:19 PM (3937 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 8956 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:

Creative Ways Millennials and Gen Z Are Approaching Homeownership
Marissa Berends's Blog
2025/07/02
0 comments

How Another War in the Middle East Could Impact the Housing Market
Marissa Berends's Blog
2025/06/30
0 comments

The Aging of the American Homebuyer: A 40-Year Shift and Its Economic Impact
Marissa Berends's Blog
2025/06/20
0 comments

Articles

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

NAR Pending Home Sales Report Reveals 1.8% Increase in May
"Consistent job gains and rising wages are modestly helping the housing market," said NAR Chief Economist Lawrence Yun. ...
Mortgage Applications Increase in Latest MBA Weekly Survey
“The combination of the ongoing conflict in the Middle East, current economic conditions, and last week’s FO...
Elevated Rates, Challenging Affordability Conditions Put a Damper on New Home Sales
“Housing affordability conditions have pushed more buyers to the sidelines, as reflected in our latest builder sur...
Title Resources Group Appoints Natasha Branch as Underwriting Counsel for North Carolina
Title Resources Group, one of the nation's leading title insurance underwriters, is pleased to welcome Natasha Branch as...
ZOCCAM, U.S. Bank and Stewart Title launch solution for faster, more secure title payments with Request for Payment
"Real Time ZOCCAM’s use of Request for Pay is combatting wire fraud by removing the need to send or receive wiring...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.