I think that your assessment is correct.  I've been in title plants years since I was 16 (minus a few for college) and I've been a searcher at Old during the transition to skip-chaining.  I didn't like it then and understand it's impact even more now.  It's poor quality for the sake of short term profit;  profit that doesn't necessarily benefit the stockholders, but is used to show artificial income growth so that executives can get big bonuses.  The claim, are "good" (really, this is the title company mantra at training seminars in the 90's;  NO JOKE), because it proves to the insurance commissioners of various states that title firms pay out claims at the same rate as other types of insurance.  Wow, pandering to politicians and bureaucrats for the sake of short term gains, false financial effects, and self-enriching a-holes at the top;  AMERICA, what a country!

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