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Titleinfo Inc - A-K ./CO
3/2/2015 12:58:22 PM (2485 views)

[+] iMortgage - Smitty Strickland/SC (6 replies)
3/2/2015 10:32:41 AM (2355 views)

[+] Thank you, Mr. Alvey! - Alix Ott/MI (7 replies)
3/2/2015 10:08:27 AM (2500 views)

[+] pay history? - WAYNE QUICK/NC (11 replies)
2/27/2015 9:26:03 AM (2366 views)

[-] Copy fees - Bob Costa/NY (53 replies)
2/24/2015 5:16:29 PM (3150 views)
Re: Copy fees - Kristina Leitch/MD
2/24/2015 5:57:46 PM (2630 views)
Re: Copy fees - Jason Knowles/AL
2/26/2015 12:01:31 PM (2490 views)
Re: Copy fees - Scott Perry/PA
2/24/2015 8:34:40 PM (2556 views)
Re: Copy fees - Lu Rivera/PA
2/25/2015 12:05:11 AM (2534 views)
Re: Copy fees - REBECCA RIZZONELLI/PA
3/2/2015 7:50:41 AM (2455 views)
Re: Copy fees - Mark Rasnick/OH
2/25/2015 12:52:21 PM (2406 views)
Re: Copy fees - Robert Franco/OH
3/6/2015 3:57:02 PM (2429 views)
Re: Copy fees - Scott Perry/PA
3/14/2015 2:58:01 PM (2285 views)
Re: Copy fees - Richard Primmer/RI
2/25/2015 3:38:59 PM (2398 views)
Re: Copy fees - Shona Dunning/WY
2/25/2015 6:06:30 PM (2422 views)
Re: Copy fees - Bob Costa/NY
2/26/2015 8:47:30 AM (2430 views)
Re: Copy fees - Kristina Leitch/MD
2/26/2015 12:23:53 PM (2503 views)
Re: Copy fees - Randi Erickson/MN
2/26/2015 2:40:56 PM (2306 views)
Re: Copy fees - Bob Costa/NY
2/26/2015 4:14:04 PM (2393 views)
Re: Copy fees - Randi Erickson/MN
2/26/2015 4:17:54 PM (2364 views)
Re: Copy fees - Bob Costa/NY
2/26/2015 4:35:02 PM (2403 views)
Re: Copy fees - Kristina Leitch/MD
2/26/2015 5:37:12 PM (2408 views)
Re: Copy fees - Bob Costa/NY
2/26/2015 6:26:18 PM (2533 views)
Re: Copy fees - WILMA WALKER/AL
2/26/2015 6:56:05 PM (2464 views)
Re: Copy fees - Leigh Attridge/MA
2/27/2015 8:31:38 AM (2378 views)
Re: Copy fees - Bob Costa/NY
2/27/2015 9:54:10 AM (2276 views)
Re: Copy fees - Leigh Attridge/MA
2/27/2015 10:07:03 AM (2210 views)
Re: Copy fees - Mark Rasnick/OH
2/27/2015 10:26:00 AM (2319 views)
Re: Copy fees - Leigh Attridge/MA
2/27/2015 10:35:08 AM (2287 views)
Re: Copy fees - Bob Costa/NY
2/27/2015 10:52:57 AM (2255 views)
Re: Copy fees - Leigh Attridge/MA
2/27/2015 11:50:01 AM (2243 views)

So let's think about this for a moment. 

Back in the day, when I worked for a white shoe law firm, my boss charged whatever he felt like charging because the firm basically *owned* the bank.  We did ALL of their closings.  No other law firms even got within sniffing distance of the bank's mortgage department.  Title work was done by a crew of 3 of us.  We used paper forms because there were no photocopiers in any of the Registries.  A full title took  a minimum of two full working days to complete & closings weren't scheduled until after my boss had reviewed the title.  That was in 1975.

In 1985 or thereabouts that all changed.  Individual law firms stopped having a stranglehold on banks.  Law firms competed for mortgage lending business.  The boom times of 1984-1989 & so forth was driven by technological advances, both in & out of the Registry. 

The long & the short of it was that with increased competition ,fees were no longer based on what the market would bear; but on what the market would accept & what the market decided it would accept was lower fees & increased volumes.

Back to the techno advances.  I am the original luddite with computers BUT bless their little mechanical hearts - having one made it possible for me to go out & start my own business as a freelance title examiner as I could cover more distance in a day through the magic of the internet.  I no longer had to accept whatever a boss was willing to pay me- now I could more or less work like crazy & make my own way in the world.

Change is inevitable.  It is the way the world works.  Technological change will obviously mean more consolidation - look at big banks & other merged institutions.  Look at Red Vision's * we cover or intend to cover 90% of the US* advertising on this site.   E-filing has taken over most of the recording fees examiners in Massachusetts used to pocket.  That money is now going to a corporate entity.  Personally, I'm not so sure that's a good idea & I suspect that in some cases there will be massive re-recordings & cleanups that will need to be done; but if law firms want to plump up their bottom line by cutting out the middlemen then there it is- it's nothing more than change.

My response to change is to accept it & keep moving forwards.  In 10 years or 5 years or 2 years we might all be out of a job; but honestly, I think that's true of just about everyone.  Lifetime employment is a thing of the past; & in some ways I think that's a good thing  especially given the amount of effort I was putting forth & the amount of compensation I was receiving in return. 

 

 

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Re: Copy fees - Randi Erickson/MN
2/27/2015 3:04:44 PM (2174 views)
Re: Copy fees - Bob Costa/NY
2/27/2015 3:32:20 PM (2299 views)
Re: Copy fees - Nils Nelson/ME
2/27/2015 6:05:26 PM (2201 views)
Re: Copy fees - Leigh Attridge/MA
2/27/2015 6:28:04 PM (2245 views)
Re: Copy fees - Nils Nelson/ME
2/27/2015 6:48:56 PM (2255 views)
Re: Copy fees - Nils Nelson/ME
2/27/2015 6:02:39 PM (2119 views)
Re: Copy fees - Scott Perry/PA
2/27/2015 6:34:38 PM (2379 views)
Re: Copy fees - Bob Costa/NY
2/27/2015 7:38:26 PM (2222 views)
Re: Copy fees - Scott Perry/PA
2/28/2015 2:14:28 AM (2326 views)
Re: Copy fees - R A/KY
2/28/2015 11:24:35 AM (2248 views)
Re: Copy fees - Scott Perry/PA
3/1/2015 9:19:35 AM (2226 views)
Re: Copy fees - R A/KY
3/1/2015 11:13:16 AM (2189 views)
Re: Copy fees - Scott Perry/PA
3/1/2015 2:26:15 PM (2262 views)
Re: Copy fees - R A/KY
3/1/2015 1:16:10 PM (2172 views)
Re: Copy fees - fred jansen/GA
3/9/2015 11:39:12 AM (4545 views)
Re: Copy fees - Christine Johnson/NC
3/2/2015 12:51:15 PM (2078 views)
Re: Copy fees - Patrick Obrien/MA
3/2/2015 10:24:04 PM (2114 views)
Re: Copy fees - Donald Block/KY
3/2/2015 8:28:50 AM (2216 views)
Re: Copy fees - KIMBERLY  FALCONE/PA
3/2/2015 9:32:33 AM (2245 views)
Re: Copy fees - KIMBERLY  FALCONE/PA
3/2/2015 9:33:34 AM (2120 views)
Re: Copy fees - Dick Cranium/DC
3/2/2015 10:37:30 AM (2200 views)
Re: Copy fees - sharon tornes/MN
3/4/2015 3:17:08 PM (2054 views)
Re: Copy fees - Smitty Strickland/SC
3/6/2015 3:48:09 PM (2020 views)
Re: Copy fees - stephen willard/OH
3/16/2015 9:52:31 AM (1914 views)
Re: Copy fees - Yvette Todoro/KY
3/16/2015 10:46:53 AM (1903 views)
Re: Copy fees - Scott Perry/PA
3/16/2015 6:42:06 PM (2003 views)
Re: Copy fees - Yvette Todoro/KY
3/16/2015 10:46:55 AM (1837 views)


Real Title Services


[+] Being helpful - R A/KY (37 replies)
2/23/2015 1:13:18 PM (2532 views)

[+] First American's new background check policy - JoAnne  Roberts/NY (3 replies)
2/23/2015 9:20:11 AM (2625 views)

[+] Making TYPEable worksheets - Alix Ott/MI (8 replies)
2/23/2015 7:34:42 AM (2518 views)

[+] First American's New Background Check policy - Rita Killary/NY (21 replies)
2/19/2015 11:22:25 AM (4119 views)

[+] Knowledge Splice - WAYNE QUICK/NC (9 replies)
2/18/2015 10:45:08 AM (4847 views)

[+] Altisource - Kaylee Chappell/IN (10 replies)
2/18/2015 10:07:59 AM (2819 views)

[+] CoreLogic - Jim Ashley/WV (7 replies)
2/17/2015 2:50:01 PM (3051 views)

[+] U S Title Solutions - Jana Urban-Buzek/OH (8 replies)
2/16/2015 10:32:14 PM (2635 views)

[+] Central Lending Services Direct - Wayne Brown/VA (8 replies)
2/16/2015 10:09:15 PM (2320 views)

[+] Ameristar - John Baker/OH (2 replies)
2/16/2015 9:48:33 AM (2373 views)


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