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Nationwide Court Services - NY - Michael Ebersole/PA
5/3/2018 12:22:24 PM (1093 views)

[+] Vdorite Services, LLC - Nancy Noblitt/AL (2 replies)
5/2/2018 4:35:10 PM (2002 views)

[+] Maybe a kick in the pants for our workload? - Alix Ott/MI (5 replies)
4/30/2018 2:51:39 PM (2147 views)

[+] Title Reporting Software - Ron McPherson/IA (8 replies)
4/30/2018 9:25:04 AM (1436 views)

[+] Stateside Oil and Gas - Larry Platt/PA (1 reply)
4/24/2018 3:00:03 PM (1685 views)


Real Title Services
AccuSearch Company


[+] Jayleen Myrah - Jim A/WV (20 replies)
4/20/2018 9:00:22 AM (1913 views)

[+] Fast TrackTitle-WARNING - Jason Knowles/AL (5 replies)
4/18/2018 3:51:53 PM (1610 views)

Back Title - Sara Tressler/PA
4/16/2018 4:11:22 PM (1197 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 (1071 views)

[+] Virtual Office Address - Serena Stout/VA (1 reply)
4/13/2018 3:38:30 PM (1173 views)

[-] Excellent article on our workload downturn - Alix Ott/MI (12 replies)
4/12/2018 6:26:35 AM (2154 views)
Good read .. - Bobbi Shorthouse, Notary Public/CT
4/12/2018 7:55:35 AM (1250 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 8:12:06 AM (1217 views)
Re: Good read .. - F P/VA
4/12/2018 10:29:50 AM (1180 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:17:13 PM (1240 views)
Re: Good read .. - F P/VA
4/12/2018 2:07:20 PM (1159 views)
Re: Good read .. - William Duncan/NC
4/12/2018 2:30:10 PM (1265 views)
Re: Good read .. - F P/VA
4/12/2018 3:03:40 PM (1243 views)
Re: Good read .. - William Duncan/NC
4/12/2018 4:33:57 PM (1279 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:47:42 PM (1159 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 (1123 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:05:10 PM (1121 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 1:08:44 PM (1116 views)

Paid - Sara Tressler/PA
4/9/2018 11:57:45 AM (1046 views)

[+] Select Business Services - Smitty Strickland/SC (3 replies)
4/3/2018 6:04:38 PM (2536 views)

[+] ALWAYS GET $ UPFRONT - sam r/FL (4 replies)
4/3/2018 4:30:04 PM (1371 views)

[+] Interesting - F P/VA (2 replies)
4/3/2018 11:32:37 AM (1994 views)


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