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



[+] Quality Title & Abstact - Leigh Attridge/MA (3 replies)
3/25/2010 3:03:37 PM (3261 views)

[+] COURT SEACH - ABSTRACTOR/MI (16 replies)
3/25/2010 1:18:07 PM (3104 views)

[+] HEALTH CARE - F P/VA (38 replies)
3/24/2010 6:35:49 AM (3083 views)

[+] Robert's Defamation Lawsuit Blog - Nils Nelson/ME (7 replies)
3/22/2010 8:31:25 PM (3310 views)

[+] Healthcare reform and constitutional challenge - Kevin Ahern/CT (39 replies)
3/22/2010 8:24:43 PM (3151 views)




[+] Nice Going Abstractor Watchdog! - Nils Nelson/ME (2 replies)
3/22/2010 3:28:03 PM (3712 views)

[+] Mortgage Satisfaction from Delta Funding aka Delta Fiancial - Pete Kisan/OH (3 replies)
3/20/2010 2:44:32 PM (5006 views)

[-] Wonder where your work went? - Robert Franco/OH (23 replies)
3/17/2010 10:13:47 AM (4314 views)
Re: Wonder where your work went? - Amy Jensen/OR
3/17/2010 1:50:30 PM (2973 views)
Re: Wonder where your work went? - researcher ./VA
3/17/2010 2:12:36 PM (2904 views)
Re: Wonder where your work went? - CHARLENE  PERRY/MD
3/17/2010 2:49:01 PM (2936 views)
Re: Wonder where your work went? - Jessica Talley/NJ
3/17/2010 3:13:24 PM (3030 views)
Re: Wonder where your work went? - Wanda Steudel/OH
3/17/2010 4:11:07 PM (2909 views)
Re: Wonder where your work went? - Wendi See/SC
3/17/2010 4:40:52 PM (2968 views)
Re: Wonder where your work went? - Diane Brewer/SC
3/17/2010 4:15:21 PM (2935 views)
Re: Wonder where your work went? - Matt Papsch/MD
3/26/2010 2:40:20 PM (2394 views)
A link to the complaint - Rich/ME
3/17/2010 6:02:56 PM (4490 views)
Re: Wonder where your work went? - William Pattison /CA
3/19/2010 2:03:49 PM (2716 views)

As a bit of an insider in the California market and with this title firm, I've seen this coming for 20 years. 

The initial round of consolidation of title plants across counties into a single mega-complex was a sign of cost cutting:  no rent in 58 counties, just one warehouse to pay for.

Then they eliminated title officers in favor of inexperienced, minimum wage workers.

Then they eliminated the employees, favoring third party temp agencies who could staff them while they used this as a tax write-off (cost of doing business...paying the temp agency).

Then they offshored to the Phillipines and India  (most reports returning up to a dozen times before they were considered "right").

All the while, they had seminars that transforned the perspective of their workers from preventing claims loss through good policy work, to embracing claims as good as it shows the state insurance commissioner that they don't need added scruitiny and can be trusted to pay off claims.  The upfront cost of protecting against liability by paying employees for work, versus cutting those costs and paying claims which later become corporate tax welfare (deductions), is the ratio being worked out by the title insurers.  One does it and the rest follow like lemmings to be competitive.  Sad really. 

One of the worst things about all of this is that the vast databases of easy to use arbitrary account books languish in warehouses, unused, because nobody has been trained to use them in their temp agency workforce, and the few title officers remaining have no time to properly investigate any title discrepencies that cross their desk.  They are forced to work long hours, pass on things that are knowingly incomplete or wrong, and manage staffs of people who continually say things like "well, the computer said this so it must be right".  Furthermore, all reliance is place on their internal records even when a few minutes of free, online county databases (Grantor-Grantee  Indices of Official Records on the web) would be enough of a cross-check to prevent many claims.  Free, in this case, still requires two brain cells and a few more minutes that would all cost precious money deducted from someones golden parachute.

 

 

to post a reply: login - or - register


Re: Wonder where your work went? - Patrick Scott/IL
3/19/2010 9:58:51 PM (2731 views)
Re: Wonder where your work went? - James "Lin" Toney, Jr,/MS
3/19/2010 10:47:44 PM (2732 views)
Re: Wonder where your work went? - William Pattison /CA
3/22/2010 11:30:16 AM (2687 views)
Re: Wonder where your work went? - Ray Glowniak/CA
3/22/2010 3:54:02 PM (2601 views)
Re: Wonder where your work went? - Dan Zook/NY
3/23/2010 3:37:30 PM (2490 views)
Re: Wonder where your work went? - Ray Glowniak/CA
3/22/2010 3:55:11 PM (2603 views)
Re: Wonder where your work went? - William Pattison /CA
3/25/2010 4:31:12 PM (2465 views)
Re: Wonder where your work went? - Matthew DeLand/NY
3/26/2010 2:26:11 PM (2362 views)
Re: Wonder where your work went? - F P/VA
3/26/2010 7:19:37 AM (2431 views)
Re: Wonder where your work went? - Scott Perry/PA
3/26/2010 7:48:34 AM (2353 views)
Re: Wonder where your work went? - Robert Franco/OH
3/26/2010 9:33:51 AM (2468 views)
Re: Wonder where your work went? - William Pattison /CA
3/30/2010 7:25:09 PM (2499 views)
Re: Wonder where your work went? - john franz/NJ
6/14/2010 9:19:15 AM (2230 views)

[+] Limited Common Element Sale - Jeanine Johnson/FL (3 replies)
3/16/2010 6:10:46 PM (3374 views)

[+] Real T Solutions - Any information? - Amy Jensen/OR (3 replies)
3/15/2010 12:56:29 PM (4599 views)

[+] UFIRST REAL ESTATE SERVICES - Laurie Puckett/TN (3 replies)
3/15/2010 12:26:07 PM (4556 views)

[+] U.S. TITLE CORP/KNOXVILLE TN - Laurie Puckett/TN (7 replies)
3/15/2010 12:14:14 PM (3851 views)

[+] E&O - KIMBERLY  FALCONE/PA (3 replies)
3/15/2010 5:12:59 AM (3470 views)

[+] Frank not one to redo Fannie & Freddie - george Hubka/MI (14 replies)
3/14/2010 7:45:24 PM (3379 views)

[+] Unusual Request - Scott Perry/PA (6 replies)
3/13/2010 12:41:21 AM (3684 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 8917 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:

Unveiling the Costs: Why Commercial Title Searches Command a Premium
Security American's Blog
2024/04/17
0 comments

Protecting Your Home: The Ins and Outs of Deed Theft and How to Shield Yourself
Security American's Blog
2024/03/21
0 comments

Exploring the Implications of Eliminating Mandatory Title Insurance
Security American's Blog
2024/03/11
0 comments

Articles

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

First American Title's IgniteRET Earns Gold at The American Business Awards® in Real Estate Management Solution Category
First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest su...
Stewart Title National Commercial Services launches new Interactive Endorsement Guide
“With the release of our Interactive Endorsement Guide, we’ve been able to take an already established indu...
Title Insurance Premium Volume Decreased 31% in 2023, ALTA Reports
“While the lack of supply and high mortgage rates continue to hinder home sales and refinances, title professional...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Inflation remains stubbornly high, and this trend is convincing markets that rates, including mortgage rates, are...
NAHB Announces a 10-Point Plan to Tame Shelter Inflation, Ease the Housing Affordability Crisis
“The lack of homes is the primary cause of growing housing affordability challenges,” said NAHB Chairman Car...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.