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Back Title - Sara Tressler/PA
4/16/2018 4:11:22 PM (1271 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 (1173 views)

[+] Virtual Office Address - Serena Stout/VA (1 reply)
4/13/2018 3:38:30 PM (1278 views)

[-] Excellent article on our workload downturn - Alix Ott/MI (12 replies)
4/12/2018 6:26:35 AM (2370 views)
Good read .. - Bobbi Shorthouse, Notary Public/CT
4/12/2018 7:55:35 AM (1317 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 8:12:06 AM (1287 views)
Re: Good read .. - F P/VA
4/12/2018 10:29:50 AM (1256 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:17:13 PM (1319 views)
Re: Good read .. - F P/VA
4/12/2018 2:07:20 PM (1231 views)
Re: Good read .. - William Duncan/NC
4/12/2018 2:30:10 PM (1354 views)
Re: Good read .. - F P/VA
4/12/2018 3:03:40 PM (1331 views)
Re: Good read .. - William Duncan/NC
4/12/2018 4:33:57 PM (1363 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:47:42 PM (1238 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 (1199 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:05:10 PM (1198 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 1:08:44 PM (1191 views)

Paid - Sara Tressler/PA
4/9/2018 11:57:45 AM (1088 views)


Real Title Services
AccuSearch Company


[+] Select Business Services - Smitty Strickland/SC (3 replies)
4/3/2018 6:04:38 PM (2625 views)

[+] ALWAYS GET $ UPFRONT - sam r/FL (4 replies)
4/3/2018 4:30:04 PM (1444 views)

[+] Interesting - F P/VA (2 replies)
4/3/2018 11:32:37 AM (2198 views)

[+] About T-00 Copy in TX for Title Searches - Abhinav Kumar G/TX (3 replies)
3/29/2018 12:32:58 PM (1340 views)

[+] Your Home as see by . . . - David Bloys/TX (2 replies)
3/28/2018 12:39:19 PM (1905 views)

[+] Searchtec - Smitty Strickland/SC (7 replies)
3/28/2018 11:13:41 AM (1473 views)

[+] FNF ACQUIRING STEWART - Heidi Gemeling/FL (2 replies)
3/27/2018 2:21:41 PM (1741 views)

[+] Abacus Tech Services LLC - Brian Gibson - David Bloys/TX (4 replies)
3/26/2018 6:12:10 PM (1186 views)

[+] Block chain - F P/VA (12 replies)
3/25/2018 9:57:09 PM (1713 views)

[+] Equity National Title - Smitty Strickland/SC (4 replies)
3/25/2018 2:59:32 PM (1544 views)


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