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



[+] Avanze Business Solutions - Thomas Solom/MN (6 replies)
10/26/2022 3:29:15 PM (1377 views)

[+] Abstractor TAT's - David Lacher/CA (6 replies)
10/24/2022 11:58:11 PM (1318 views)

[+] BEWARE - non-payer Vistro Info Solutions, Inc. - AMANDA SELIG/AR (5 replies)
10/21/2022 1:27:54 PM (1686 views)

[+] Search fees - 1995 vs. 2022 - stephen willard/OH (14 replies)
10/14/2022 10:59:08 AM (2193 views)

[+] CoForge - Bruce Lutz/PA (7 replies)
10/9/2022 10:51:41 AM (1414 views)


Real Title Services


[+] NATIONWIDE ABSTRAX? - Angela Sharp/CA (10 replies)
10/7/2022 4:42:07 PM (1789 views)

[+] Timeshare Cancellation - William Duncan/SC (3 replies)
10/7/2022 11:34:06 AM (6206 views)

[+] Stop using fake names - Kara Foster-Morales/OH (2 replies)
10/3/2022 1:18:59 AM (1477 views)

[+] Some helpful tips - Kara Foster-Morales/OH (1 reply)
10/3/2022 1:18:28 AM (1147 views)

[+] OFFSHORE - Michael Rosing/IL (26 replies)
9/29/2022 10:08:56 AM (1608 views)

HUD mortgage discharges - Shelly Scott/NJ
9/29/2022 9:55:06 AM (886 views)

Private Atty General - in Real Estate - Randi Erickson/MN
9/24/2022 12:37:08 PM (745 views)

[-] Quotes, Estimates and ETA's - Kurt deVries/FL (18 replies)
9/23/2022 2:10:32 PM (1633 views)
Re: Quotes, Estimates and ETA's - Jay Duncan/MO
9/26/2022 8:06:12 AM (1704 views)
Re: Quotes, Estimates and ETA's - george Hubka/MI
9/26/2022 9:01:19 AM (1664 views)
Re: Quotes, Estimates and ETA's - george Hubka/MI
9/26/2022 9:08:20 AM (1637 views)
Re: Quotes, Estimates and ETA's - Lisa Daugette/AL
9/26/2022 9:10:00 AM (1676 views)
Re: Quotes, Estimates and ETA's - Lou Ann Steele/TN
9/27/2022 11:59:35 AM (1493 views)
Re: Quotes, Estimates and ETA's - george Hubka/MI
9/27/2022 5:13:26 PM (1571 views)
Re: Quotes, Estimates and ETA's - A Crawford/OH
9/27/2022 10:14:15 PM (1594 views)
Re: Quotes, Estimates and ETA's - Rita Killary/NY
9/28/2022 12:12:47 PM (1955 views)
Re: Quotes, Estimates and ETA's - Customer  Service/OH
10/3/2022 3:04:51 PM (1378 views)

It's awful.  We are getting quote requests from all of our clients now...even the ones we've had relationships for decades and used to never ask for quotes.  (Apologies to my researchers all around!)  Of course, we get the cruddy counties in which the client cannot do online or cannot find anyone.  There are days I just don't feel like, or I just don't have the time, asking for quotes from my researchers and tell the client our current owner fees are $X and if it turns into a full search, the fee is $Y.  This is primarily only for the counties we work in on a regular basis. 

However, with the market shock in play, and many, many of my abstractors shutting their doors in the last year...AND clients sending quote requests in counties I don't remember ever existing in my 22 years here, I need to reach out to my people to see if they are:

1.  In business

2.  Still cover the county

3.  If their fees have changed since it's been a decade since we've had work in their state

4.  Make sure the researcher gets paid for the work they will have to put into that particular search.  I hate it when you think you have a simple current owner and it ends up being a 200-yr old search because the family came over on the Mayflower and built that house from sticks - and the entire family (including their grandchildren down to their great-great-great-great grandchildren) owns all the parcels in that county.  Did I mention the name is Johnson who died, no will, and a ton of Johnson heirs and their spouses??  (Ohio is a dower state...spouses matter.)  A full search fee wouldn't cover it.  So I want my researchers to review and be fair to themselves to make sure they get paid for the work that would be involved.

Prior to everything being a RUSH-RUSH-RUSH, clients allowed us to work on our searches.  And if the search became more than a current owner, or on whatever we are working, we just called them for a fee increase approval with explanation why we need more money.  Now they want to know what they are getting into prior to submitting the request.  I think part of it is because of the clocks.  Most clients are on a clock with the banks...which affects the amount of orders they get from the bank.  Once that order is submitted, the clock starts.  Which also affects ETAs.  If you know it's a full search and you may need an extra day, the initial ETA will more likely be met.  Nothing urks a client much more than when you change the ETA out ...or you are late.  (Except ghosting.  Going silent really urks thems!)  That's bad for business and they may not be calling on you any longer.  To this day, I still remember what my former boss told me when I first started working at ABC in 2000..."You are only as good as your last search."

I'm sorry for the rambling.  I don't like how this market is playing out this year.  I don't like how this industry has changed over the decades - putting profits over quality - American companies by-passing Americans for a quick buck, no matter who they sink.  I miss the days when showing pride in your work or product actually meant something and was respected by our clients.  

 (Rant over. lol)

You all have a lovely day!

Michelle 

to post a reply: login - or - register


Re: Quotes, Estimates and ETA's - Kurt deVries/FL
10/4/2022 10:45:20 AM (1349 views)
Re: Quotes, Estimates and ETA's - Bruce Lutz/PA
10/3/2022 10:53:58 PM (1467 views)
Re: Quotes, Estimates and ETA's - Judy Maclauchlan/NY
10/6/2022 2:50:12 PM (1409 views)
Re: Quotes, Estimates and ETA's - CYNTHIA DICUS/MD
10/6/2022 9:54:04 PM (1435 views)
Re: Quotes, Estimates and ETA's - Naomi Backes/NC
10/6/2022 10:20:21 PM (1500 views)
Re: Quotes, Estimates and ETA's - Naomi Backes/NC
10/6/2022 10:17:43 PM (1402 views)
Re: Quotes, Estimates and ETA's - Jill Kissell/IA
10/11/2022 10:02:52 AM (1306 views)
Re: Quotes, Estimates and ETA's - jane guiles/AL
10/11/2022 2:38:39 PM (1301 views)
Re: Quotes, Estimates and ETA's - Kurt deVries/FL
10/17/2022 9:57:43 AM (1260 views)

[+] Ameristar - jess barker/IL (16 replies)
9/23/2022 1:30:21 PM (1566 views)

[+] Suffolk County access issues - jennifer yezek/NY (4 replies)
9/20/2022 9:24:31 AM (1113 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.

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.