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[+] has any examiner had difficulty getting paid by MGB DOCS from Illinois? - Emily Matos/NY (3 replies)
3/11/2022 7:36:14 PM (1573 views)

[+] Due Diligence: Real T Solutions - William Duncan/SC (11 replies)
3/11/2022 9:12:11 AM (1732 views)

[+] Syscon - KATHY RAY/AL (2 replies)
3/10/2022 3:42:30 PM (1212 views)

Difficulty Abstracting in Monroe County NY - Judy Maclauchlan/LA
3/8/2022 10:12:07 AM (1067 views)

[-] Who is Working for Minimum Wage? - Bruce Lutz/PA (7 replies)
3/3/2022 11:01:01 PM (1467 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 (2045 views)
Re: Who is Working for Minimum Wage? - Samuel Shumate/VA
3/7/2022 11:16:58 AM (1859 views)
Re: Who is Working for Minimum Wage? - Judy Maclauchlan/LA
3/8/2022 10:02:29 AM (1885 views)
Re: Who is Working for Minimum Wage? - Bruce Lutz/PA
3/29/2022 2:40:11 PM (1646 views)
Re: Who is Working for Minimum Wage? - g h/SC
4/25/2022 5:40:21 PM (1370 views)
Re: Who is Working for Minimum Wage? - george Hubka/MI
4/26/2022 8:40:17 PM (1369 views)
Re: Who is Working for Minimum Wage? - Diane Sherrill/SC
4/26/2022 6:28:59 AM (1440 views)


Real Title Services


Thank you all - William Duncan/SC
2/25/2022 12:57:34 PM (1083 views)

[+] Notary responsibilities in New York - Rita Killary/NY (14 replies)
2/13/2022 9:00:02 AM (1263 views)

[+] Datashrubs, LLC - Ted Williamson/TX (5 replies)
2/10/2022 9:10:56 PM (1586 views)

[+] Nick Jones - Mayura Inc - William Duncan/SC (3 replies)
2/8/2022 11:57:01 AM (1249 views)

[+] Comment on "Upper Marlboro Woman Pleads Guilty to Wire Fraud in Connection with Mortgage Fraud Scheme" - Source of Title/OH (1 reply)
1/31/2022 9:38:08 AM (3118 views)

[+] DILLIGENCE CHECK: - William Duncan/SC (7 replies)
1/28/2022 12:02:53 PM (1879 views)

[+] Disregard - Jay Duncan/MO (2 replies)
1/28/2022 9:33:57 AM (1290 views)

[+] Abstractor Thoughts? - Laurence Perretti/FL (7 replies)
1/25/2022 12:33:10 PM (1823 views)

[+] COVID 19 WARNING - William Duncan/SC (6 replies)
1/24/2022 6:52:05 PM (1449 views)

[+] Amanda@ias.us - Donna McKamy/MT (3 replies)
1/24/2022 1:19:59 PM (2653 views)


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