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



[+] Robert Jones Abstract In Lexington KY - Thomas Pike II/KY (28 replies)
5/18/2016 2:01:03 PM (3816 views)

[+] Capstone...Again.... - Rita Killary/NY (4 replies)
5/18/2016 8:40:53 AM (2878 views)

Any updates on Real Metrix? - Terry  Cox/PA
5/17/2016 10:08:09 PM (2211 views)

[+] Select Business Services - read the fine print - Alix Ott/MI (22 replies)
5/15/2016 7:19:08 PM (3665 views)

[+] Global Data Source / Title Prep - NO PAY - Dan Zook/NY (38 replies)
5/11/2016 12:39:35 PM (4452 views)




[+] Email correspondence between me and a title researcher... - Don Li/NC (19 replies)
5/7/2016 9:00:23 PM (3963 views)

[-] Errors on title reports from India - Lisa Ramsey/TX (6 replies)
5/6/2016 3:20:09 PM (3326 views)
Re: Errors on title reports from India - Will Duncan/NC
5/6/2016 3:57:28 PM (3189 views)


From what I understand new changes in the Consumer Finance Protection act changed that trend, adding substantially more  liability on the lender thus they were shying away from off-shore online title search vendors. I have witnessed this, as throughout end of 2015 through to current I frequently get messages asking if I would be willing to start an on-shore company or office on their behalf (it happens at LEAST once a week). It is speculated this is because while they provide a price suppressed service at very low price, the liability outweighs the money saved.

Also think about it: suppose an off-shore company (for example, one from China or India) conducts a title search on behalf of a lender. They miss some critical instrument(a pending foreclosure, etc). The bank is liable, but the bank is going to, in a normal case, sue you, correct? Well now that company is all the way in ANOTHER COUNTRY subject to different laws. Even when it comes to International Law, getting counsel to sue them will cost you an ENORMOUS amount of money and you may not even see a dime. Even if you do, it will be LONG before you see it and the legal costs would be just too high for it to even matter.

Thus, I don't think anyone, if they have encountered this scenario, would be willing to speak, but I too encourage them to create a fake-login and discuss it, as I too would be interested in hearing their story.

 

 

 

 

to post a reply: login - or - register


Re: Errors on title reports from India - Lisa Ramsey/TX
5/6/2016 5:51:20 PM (3015 views)
Re: Errors on title reports from India - Will Duncan/NC
5/6/2016 6:00:07 PM (2972 views)
Re: Errors on title reports from India - Lisa Ramsey/TX
5/6/2016 6:11:04 PM (3060 views)
Re: Errors on title reports from India - Dinesh Valecha/PA
5/23/2016 11:23:17 AM (2630 views)
Re: Errors on title reports from India - Allen Bruce/OH
5/30/2016 12:30:13 PM (2662 views)

[+] COMMFORCE PAYMENT? - jess barker/IL (7 replies)
5/5/2016 2:25:31 PM (2699 views)

[+] ABSTRAX LLC - Christine Johnson/NC (12 replies)
5/3/2016 10:34:22 AM (4283 views)

[+] Accurate Group Auto Pay?? - William Bertram/SC (5 replies)
5/2/2016 9:19:37 AM (3041 views)

[+] prosersolutions abstractor - SALLY BURSETH/WI (5 replies)
4/30/2016 10:26:32 AM (3168 views)

[+] Rockedges a non payer - Randi Erickson/MN (12 replies)
4/30/2016 7:31:56 AM (2751 views)

Scott Palen - Don Li/NC
4/26/2016 11:44:22 AM (2192 views)

[+] BEWARE of GRTechno Soft LLC - Scott Sieja/MI (5 replies)
4/26/2016 9:38:21 AM (3126 views)

[+] Any reviews on V7hillinc...? - Teresa Berbes/MA (8 replies)
4/25/2016 6:24:27 PM (2901 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 8973 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:

Beneath Every Closing Lies a Story
Michael Stelzer's Blog
2026/07/18
0 comments

Residential Appraisers: Reclaim Your Time
Will Duncan 's Blog
2026/07/09
0 comments

ATTENTION CIOs, CTOs, VENDOR MANAGERS, AND SUPPLIER MANAGERS
Will Duncan 's Blog
2026/06/15
0 comments

Articles

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

Multifamily Gains Lift Overall Starts Despite Single-Family Decline
Strong multifamily growth pushed overall housing starts higher in June, while single-family production remained sluggish...
June New Home Purchase Mortgage Applications Increased 2.4 Percent
“Applications to purchase new homes continued to run stronger than last year’s pace. However, there was a de...
MISMO Enhances SMART Doc® Implementation Guide to Support Secure, Digital Mortgage Processes
MISMO®, the real estate finance industry's standards organization, today announced the release of an updated versio...
Builder Sentiment Stays Weak as Affordability Concerns Persist
“Many potential buyers remain on the sidelines as they wait for lower mortgage rates, more certainty on inflation ...
NAR Pending Home Sales Report Shows 5.4% Decrease in June
“The highest mortgage rates in nearly a year and the record-high national median home price together are contribut...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.