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Comment on "Florida Agency Network Closes First Refinance E-Closing Using Remote Online Notary" - Source of Title/OH
4/16/2018 11:01:42 AM (3303 views)
Hope they had no Affirmations - Patrick Nevling/FL
4/16/2018 11:01:42 AM (6751 views)

Virtual Office Address - Serena Stout/VA
4/13/2018 3:38:30 PM (3132 views)
Re: Virtual Office Address - William Duncan/NC
4/14/2018 1:03:23 AM (4338 views)

Excellent article on our workload downturn - Alix Ott/MI
4/12/2018 6:26:35 AM (5030 views)
Good read .. - Bobbi Shorthouse, Notary Public/CT
4/12/2018 7:55:35 AM (4575 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 8:12:06 AM (4536 views)
Re: Good read .. - F P/VA
4/12/2018 10:29:50 AM (4415 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:17:13 PM (4367 views)
Re: Good read .. - F P/VA
4/12/2018 2:07:20 PM (4337 views)
Re: Good read .. - William Duncan/NC
4/12/2018 2:30:10 PM (4530 views)
Re: Good read .. - F P/VA
4/12/2018 3:03:40 PM (4510 views)
Re: Good read .. - William Duncan/NC
4/12/2018 4:33:57 PM (4605 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:47:42 PM (4395 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 

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Re: Good read .. - F P/VA
4/12/2018 9:57:50 AM (4419 views)
Re: Good read .. - William Duncan/NC
4/12/2018 1:05:10 PM (4452 views)
Re: Good read .. - Alix Ott/MI
4/12/2018 1:08:44 PM (4303 views)

Paid - Sara Tressler/PA
4/9/2018 11:57:45 AM (2739 views)

Select Business Services - Smitty Strickland/SC
4/3/2018 6:04:38 PM (4491 views)
Re: Select Business Services - sam r/FL
4/3/2018 6:44:10 PM (4895 views)
Re: Select Business Services - Rene Blevins/VA
4/16/2018 9:01:11 AM (4133 views)
Re: Select Business Services - Sara Tressler/PA
4/16/2018 4:10:23 PM (4666 views)




ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 4:30:04 PM (3284 views)
Re: ALWAYS GET $ UPFRONT - William Duncan/NC
4/3/2018 4:33:42 PM (4640 views)
Re: ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 4:48:17 PM (5106 views)
Re: ALWAYS GET $ UPFRONT - William Duncan/NC
4/3/2018 4:55:02 PM (4755 views)
Re: ALWAYS GET $ UPFRONT - sam r/FL
4/3/2018 6:03:35 PM (4580 views)

Interesting - F P/VA
4/3/2018 11:32:37 AM (4764 views)
Re: Interesting - Joanna Sturza/MI
4/10/2018 7:55:49 AM (4380 views)
Re: Interesting - F P/VA
4/10/2018 2:24:17 PM (4666 views)

About T-00 Copy in TX for Title Searches - Abhinav Kumar G/TX
3/29/2018 12:32:58 PM (3102 views)
Re: About T-00 Copy in TX for Title Searches - James Powell/MI
3/30/2018 8:33:51 AM (7182 views)
Re: About T-00 Copy in TX for Title Searches - Tony Costa/LA
4/3/2018 9:48:31 AM (4111 views)
Re: About T-00 Copy in TX for Title Searches - Abhinav Kumar G/TX
4/3/2018 11:38:42 AM (4097 views)

Your Home as see by . . . - David Bloys/TX
3/28/2018 12:39:19 PM (4561 views)
Re: Your Home as see by . . . - Smitty Strickland/SC
3/28/2018 1:04:31 PM (4270 views)
Re: Your Home as see by . . . - Anita Backlund/MN
3/29/2018 3:50:31 PM (4108 views)

Searchtec - Smitty Strickland/SC
3/28/2018 11:13:41 AM (3372 views)
Re: Searchtec - F P/VA
3/28/2018 12:44:36 PM (4402 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 1:03:03 PM (4420 views)
Re: Searchtec - David Bloys/TX
3/28/2018 12:59:55 PM (4450 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 1:03:52 PM (4332 views)
Re: Searchtec - Naomi Backes/NC
3/28/2018 1:06:12 PM (4442 views)
Re: Searchtec - Smitty Strickland/SC
3/28/2018 4:25:25 PM (4501 views)
Re: Searchtec - Michael Ebersole/PA
4/2/2018 8:52:11 AM (4283 views)

FNF ACQUIRING STEWART - Heidi Gemeling/FL
3/27/2018 2:21:41 PM (3364 views)
Re: FNF ACQUIRING STEWART - Michael Solt/PA
3/28/2018 11:56:30 AM (4599 views)
Re: FNF ACQUIRING STEWART - Jeffrey Land/NJ
4/2/2018 11:11:08 AM (4292 views)

Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
3/26/2018 6:12:10 PM (3097 views)
Re: Abacus Tech Services LLC - Brian Gibson - Jolene Crofoot/MN
3/28/2018 3:57:11 PM (7388 views)
Re: Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
3/28/2018 6:48:36 PM (4227 views)
Re: Abacus Tech Services LLC - Brian Gibson - Michael Hester/WA
4/6/2018 1:04:48 PM (4236 views)
Re: Abacus Tech Services LLC - Brian Gibson - David Bloys/TX
4/6/2018 5:30:06 PM (4204 views)

Block chain - F P/VA
3/25/2018 9:57:09 PM (3527 views)
Re: Block chain - James Powell/MI
3/26/2018 11:04:30 AM (4386 views)
Re: Block chain - Heidi Gemeling/FL
3/27/2018 2:16:06 PM (4285 views)
Re: Block chain - F P/VA
3/28/2018 12:40:31 PM (9015 views)
Re: Block chain - James Powell/MI
3/29/2018 10:42:55 AM (4193 views)
Re: Block chain - F P/VA
3/29/2018 12:19:54 PM (4105 views)
Re: Block chain - James Powell/MI
3/29/2018 10:37:54 AM (6982 views)
Re: Block chain - Leigh Attridge/MA
3/29/2018 10:07:37 AM (4103 views)
Re: Block chain - Heidi Gemeling/FL
3/29/2018 11:01:12 AM (4097 views)
Re: Block chain - F P/VA
3/29/2018 1:01:20 PM (4193 views)
Re: Block chain - David Bloys/TX
3/29/2018 9:34:35 PM (4121 views)
Re: Block chain - Scott Oberlin/OH
3/30/2018 10:45:15 AM (4235 views)
Re: Block chain - Don (Chunshen) Li/GA
4/30/2018 6:57:06 PM (3146 views)

Equity National Title - Smitty Strickland/SC
3/25/2018 2:59:32 PM (3349 views)
Re: Equity National Title - Regina  Engebritson/MN
3/26/2018 11:10:41 AM (3730 views)
Re: Equity National Title - Smitty Strickland/SC
3/26/2018 11:38:29 AM (3645 views)
Re: Equity National Title - Patrick Nevling/FL
4/2/2018 9:11:32 AM (3487 views)
Re: Equity National Title - Smitty Strickland/SC
4/9/2018 3:52:39 PM (3270 views)

Advanced Digital Sys - William Duncan/NC
3/22/2018 2:33:08 PM (2849 views)
Re: Advanced Digital Sys - Smitty Strickland/SC
3/25/2018 3:01:57 PM (3534 views)
Re: Advanced Digital Sys - Jay Duncan/MO
3/26/2018 3:04:10 PM (3721 views)
Re: Advanced Digital Sys - William Duncan/NC
4/3/2018 11:25:48 AM (3220 views)


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