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



[+] Vdorite Services, LLC - Nancy Noblitt/AL (2 replies)
5/2/2018 4:35:10 PM (3069 views)

[+] Maybe a kick in the pants for our workload? - Alix Ott/MI (5 replies)
4/30/2018 2:51:39 PM (3287 views)

[+] Title Reporting Software - Ron McPherson/IA (8 replies)
4/30/2018 9:25:04 AM (2441 views)

[+] Stateside Oil and Gas - Larry Platt/PA (1 reply)
4/24/2018 3:00:03 PM (3014 views)

[+] Jayleen Myrah - Jim A/WV (20 replies)
4/20/2018 9:00:22 AM (3363 views)


Real Title Services


[+] Fast TrackTitle-WARNING - Jason Knowles/AL (5 replies)
4/18/2018 3:51:53 PM (2622 views)

Back Title - Sara Tressler/PA
4/16/2018 4:11:22 PM (2177 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 (2316 views)

[+] Virtual Office Address - Serena Stout/VA (1 reply)
4/13/2018 3:38:30 PM (2172 views)

[-] Excellent article on our workload downturn - Alix Ott/MI (12 replies)
4/12/2018 6:26:35 AM (3949 views)
Good read .. - Bobbi Shorthouse, Notary Public/CT
4/12/2018 7:55:35 AM (2643 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 8:12:06 AM (2590 views)
Re: Good read .. - F P/VA
4/12/2018 10:29:50 AM (2545 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:17:13 PM (2544 views)
Re: Good read .. - F P/VA
4/12/2018 2:07:20 PM (2505 views)
Re: Good read .. - William Duncan/NC
4/12/2018 2:30:10 PM (2669 views)
Re: Good read .. - F P/VA
4/12/2018 3:03:40 PM (2662 views)
Re: Good read .. - William Duncan/NC
4/12/2018 4:33:57 PM (2669 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:47:42 PM (2511 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 

to post a reply: login - or - register


Re: Good read .. - F P/VA
4/12/2018 9:57:50 AM (2491 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:05:10 PM (2527 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 1:08:44 PM (2441 views)

Paid - Sara Tressler/PA
4/9/2018 11:57:45 AM (1931 views)

[+] Select Business Services - Smitty Strickland/SC (3 replies)
4/3/2018 6:04:38 PM (3611 views)

[+] ALWAYS GET $ UPFRONT - sam r/FL (4 replies)
4/3/2018 4:30:04 PM (2366 views)

[+] Interesting - F P/VA (2 replies)
4/3/2018 11:32:37 AM (3810 views)

[+] About T-00 Copy in TX for Title Searches - Abhinav Kumar G/TX (3 replies)
3/29/2018 12:32:58 PM (2220 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 8870 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.

Existing-Home Sales Descended 4.3% in March
"Though rebounding from cyclical lows, home sales are stuck because interest rates have not made any major moves," said ...
Old Republic Title and CertifID Sign Agreement to Combat Mortgage Payoff Fraud
Mortgage payoffs have become the largest source of loss for title and real estate law firms, due to their large transact...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Rates increased for the second consecutive week, driven by incoming data indicating that the economy remains stro...
ALTA Commends Leadership of House Democrats Questioning Administration's Title Waiver Program
The American Land Title Association, the national trade association of the land title insurance industry, commends the g...
Housing Starts Fall on Interest Rate, Financing Concerns
“Builders are grappling on several fronts as the inflation fight continues,” said Carl Harris, chairman of t...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.