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Research on Title and Abstract Market - John Pratt/IL
3/9/2015 11:15:20 AM (1812 views)

[+] Warrn & Smith - Kurt deVries/FL (3 replies)
3/6/2015 11:06:43 AM (2153 views)

[+] Title2land - Kurt deVries/FL (2 replies)
3/6/2015 11:02:24 AM (2104 views)

[+] Suggestions Needed: Title Plant for Alabama & Kentucky - Eric Matthews/TN (4 replies)
3/5/2015 3:24:46 PM (3282 views)

[+] Computer File Storage Suggestions Needed - Ted Williamson/TX (10 replies)
3/5/2015 1:37:30 PM (1898 views)




O & E aka Express National aka Beta Group - Jason Knowles/AL
3/5/2015 11:16:02 AM (1666 views)

[+] Watch out for American Documents in Clearwater, FL. - Amber Binick/MD (3 replies)
3/5/2015 11:03:59 AM (2069 views)

[+] Guardianship question - Yvette Todoro/KY (1 reply)
3/5/2015 9:50:17 AM (1848 views)

[+] Best way to search forum by user name - David Bloys/TX (2 replies)
3/5/2015 8:29:43 AM (1924 views)

Titleinfo Inc - A-K ./CO
3/2/2015 12:58:22 PM (2451 views)

[+] iMortgage - Smitty Strickland/SC (6 replies)
3/2/2015 10:32:41 AM (2308 views)

[+] Thank you, Mr. Alvey! - Alix Ott/MI (7 replies)
3/2/2015 10:08:27 AM (2458 views)

[+] pay history? - WAYNE QUICK/NC (11 replies)
2/27/2015 9:26:03 AM (2322 views)

[-] Copy fees - Bob Costa/NY (53 replies)
2/24/2015 5:16:29 PM (3104 views)
Re: Copy fees - Kristina Leitch/MD
2/24/2015 5:57:46 PM (2494 views)
Re: Copy fees - Jason Knowles/AL
2/26/2015 12:01:31 PM (2375 views)
Re: Copy fees - Scott Perry/PA
2/24/2015 8:34:40 PM (2433 views)
Re: Copy fees - Lu Rivera/PA
2/25/2015 12:05:11 AM (2391 views)
Re: Copy fees - REBECCA RIZZONELLI/PA
3/2/2015 7:50:41 AM (2329 views)
Re: Copy fees - Mark Rasnick/OH
2/25/2015 12:52:21 PM (2279 views)
Re: Copy fees - Robert Franco/OH
3/6/2015 3:57:02 PM (2303 views)
Re: Copy fees - Scott Perry/PA
3/14/2015 2:58:01 PM (2170 views)
Re: Copy fees - Richard Primmer/RI
2/25/2015 3:38:59 PM (2269 views)
Re: Copy fees - Shona Dunning/WY
2/25/2015 6:06:30 PM (2297 views)
Re: Copy fees - Bob Costa/NY
2/26/2015 8:47:30 AM (2314 views)
Re: Copy fees - Kristina Leitch/MD
2/26/2015 12:23:53 PM (2377 views)
Re: Copy fees - Randi Erickson/MN
2/26/2015 2:40:56 PM (2184 views)
Re: Copy fees - Bob Costa/NY
2/26/2015 4:14:04 PM (2264 views)
Re: Copy fees - Randi Erickson/MN
2/26/2015 4:17:54 PM (2238 views)
Re: Copy fees - Bob Costa/NY
2/26/2015 4:35:02 PM (2271 views)
Re: Copy fees - Kristina Leitch/MD
2/26/2015 5:37:12 PM (2279 views)
Re: Copy fees - Bob Costa/NY
2/26/2015 6:26:18 PM (2410 views)
Re: Copy fees - WILMA WALKER/AL
2/26/2015 6:56:05 PM (2333 views)
Re: Copy fees - Leigh Attridge/MA
2/27/2015 8:31:38 AM (2240 views)
Re: Copy fees - Bob Costa/NY
2/27/2015 9:54:10 AM (2152 views)
Re: Copy fees - Leigh Attridge/MA
2/27/2015 10:07:03 AM (2093 views)
Re: Copy fees - Mark Rasnick/OH
2/27/2015 10:26:00 AM (2193 views)
Re: Copy fees - Leigh Attridge/MA
2/27/2015 10:35:08 AM (2158 views)
Re: Copy fees - Bob Costa/NY
2/27/2015 10:52:57 AM (2132 views)
Re: Copy fees - Leigh Attridge/MA
2/27/2015 11:50:01 AM (2110 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 (2048 views)
Re: Copy fees - Bob Costa/NY
2/27/2015 3:32:20 PM (2170 views)
Re: Copy fees - Nils Nelson/ME
2/27/2015 6:05:26 PM (2082 views)
Re: Copy fees - Leigh Attridge/MA
2/27/2015 6:28:04 PM (2108 views)
Re: Copy fees - Nils Nelson/ME
2/27/2015 6:48:56 PM (2131 views)
Re: Copy fees - Nils Nelson/ME
2/27/2015 6:02:39 PM (1995 views)
Re: Copy fees - Scott Perry/PA
2/27/2015 6:34:38 PM (2255 views)
Re: Copy fees - Bob Costa/NY
2/27/2015 7:38:26 PM (2094 views)
Re: Copy fees - Scott Perry/PA
2/28/2015 2:14:28 AM (2208 views)
Re: Copy fees - R A/KY
2/28/2015 11:24:35 AM (2113 views)
Re: Copy fees - Scott Perry/PA
3/1/2015 9:19:35 AM (2102 views)
Re: Copy fees - R A/KY
3/1/2015 11:13:16 AM (2062 views)
Re: Copy fees - Scott Perry/PA
3/1/2015 2:26:15 PM (2136 views)
Re: Copy fees - R A/KY
3/1/2015 1:16:10 PM (2049 views)
Re: Copy fees - fred jansen/GA
3/9/2015 11:39:12 AM (4427 views)
Re: Copy fees - Christine Johnson/NC
3/2/2015 12:51:15 PM (1973 views)
Re: Copy fees - Patrick Obrien/MA
3/2/2015 10:24:04 PM (2003 views)
Re: Copy fees - Donald Block/KY
3/2/2015 8:28:50 AM (2097 views)
Re: Copy fees - KIMBERLY  FALCONE/PA
3/2/2015 9:32:33 AM (2130 views)
Re: Copy fees - KIMBERLY  FALCONE/PA
3/2/2015 9:33:34 AM (1993 views)
Re: Copy fees - Dick Cranium/DC
3/2/2015 10:37:30 AM (2076 views)
Re: Copy fees - sharon tornes/MN
3/4/2015 3:17:08 PM (1947 views)
Re: Copy fees - Smitty Strickland/SC
3/6/2015 3:48:09 PM (1909 views)
Re: Copy fees - stephen willard/OH
3/16/2015 9:52:31 AM (1786 views)
Re: Copy fees - Yvette Todoro/KY
3/16/2015 10:46:53 AM (1788 views)
Re: Copy fees - Scott Perry/PA
3/16/2015 6:42:06 PM (1879 views)
Re: Copy fees - Yvette Todoro/KY
3/16/2015 10:46:55 AM (1721 views)

[+] Being helpful - R A/KY (37 replies)
2/23/2015 1:13:18 PM (2486 views)


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