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[+] CTC - Shawna Carr/AR (3 replies)
4/16/2022 6:19:47 PM (796 views)

[+] Asset Research Group, LLC, Sarah Stewart, NON-PAYER, BEWARE - Angela Sharp/CA (7 replies)
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[+] Ydeal Title Services LLC - NON PAYERS BEWARE - Angela Sharp/CA (7 replies)
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[+] Comexpinc - Thomas Germain/CT (1 reply)
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[+] Wholesale Title Solutions LLC - Karen Knuth/FL (2 replies)
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AccuSearch Company


[+] SoCal - Jolene Crofoot/MN (3 replies)
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[+] Easydocs123 - Susan Dustin/WV (11 replies)
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[+] has any examiner had difficulty getting paid by MGB DOCS from Illinois? - Emily Matos/NY (3 replies)
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[+] Due Diligence: Real T Solutions - William Duncan/SC (11 replies)
3/11/2022 9:12:11 AM (1124 views)

[+] Syscon - KATHY RAY/AL (2 replies)
3/10/2022 3:42:30 PM (675 views)

Difficulty Abstracting in Monroe County NY - Judy Maclauchlan/LA
3/8/2022 10:12:07 AM (583 views)

[-] Who is Working for Minimum Wage? - Bruce Lutz/PA (7 replies)
3/3/2022 11:01:01 PM (990 views)

Recently, an increasing number of my clients have been rejecting what I would consider reasonable estimated costs and turnaround times for commercial, industrial and more than average residential full searches.  One client said there was $200 (plus copies) allocated for a multi-million dollar factory report that looked like it would take about twenty hours to complete. 

$200 divided by 20 = $10/hour. Less taxes and expenses, that would pay less than minimum wage.  Working at that price, it seems unbelievable that the contracted searcher would have E&O insurance, and E&O is required by nearly everyone who works in the U.S.

So: who's doing the work at this rate? And why are title companies trusting it to be correct? 

As thing slow down, pricing will become a race to the bottom.  Before the 2008 melt-down, it seemed that title companies were too often replacing experienced examiners and underwriters with data entry technicians who understood procedure but not purpose. I wonder if this is happening again, with the quality of work being unwittingly undermined.

Certainly this isn't happening everywhere. Stronger companies with an eye to long-term survival will keep up their quality.  But this does seem to be trending.    

Thoughts, anyone?

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Re: Who is Working for Minimum Wage? - Naomi Backes/NC
3/4/2022 8:36:56 PM (1329 views)
Re: Who is Working for Minimum Wage? - Samuel Shumate/VA
3/7/2022 11:16:58 AM (1159 views)
Re: Who is Working for Minimum Wage? - Judy Maclauchlan/LA
3/8/2022 10:02:29 AM (1138 views)
Re: Who is Working for Minimum Wage? - Bruce Lutz/PA
3/29/2022 2:40:11 PM (926 views)
Re: Who is Working for Minimum Wage? - g h/SC
4/25/2022 5:40:21 PM (618 views)
Re: Who is Working for Minimum Wage? - george Hubka/MI
4/26/2022 8:40:17 PM (569 views)
Re: Who is Working for Minimum Wage? - Diane Sherrill/SC
4/26/2022 6:28:59 AM (704 views)

Thank you all - William Duncan/SC
2/25/2022 12:57:34 PM (639 views)

[+] Notary responsibilities in New York - Rita Killary/NY (14 replies)
2/13/2022 9:00:02 AM (705 views)

[+] Datashrubs, LLC - Ted Williamson/TX (5 replies)
2/10/2022 9:10:56 PM (973 views)


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