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



HUD mortgage discharges - Shelly Scott/NJ
9/29/2022 9:55:06 AM (1112 views)

Private Atty General - in Real Estate - Randi Erickson/MN
9/24/2022 12:37:08 PM (925 views)

[-] Quotes, Estimates and ETA's - Kurt deVries/FL (18 replies)
9/23/2022 2:10:32 PM (1885 views)
Re: Quotes, Estimates and ETA's - Jay Duncan/MO
9/26/2022 8:06:12 AM (2249 views)
Re: Quotes, Estimates and ETA's - george Hubka/MI
9/26/2022 9:01:19 AM (2190 views)
Re: Quotes, Estimates and ETA's - george Hubka/MI
9/26/2022 9:08:20 AM (2178 views)
Re: Quotes, Estimates and ETA's - Lisa Daugette/AL
9/26/2022 9:10:00 AM (2181 views)
Re: Quotes, Estimates and ETA's - Lou Ann Steele/TN
9/27/2022 11:59:35 AM (1961 views)
Re: Quotes, Estimates and ETA's - george Hubka/MI
9/27/2022 5:13:26 PM (2085 views)
Re: Quotes, Estimates and ETA's - A Crawford/OH
9/27/2022 10:14:15 PM (2124 views)
Re: Quotes, Estimates and ETA's - Rita Killary/NY
9/28/2022 12:12:47 PM (2479 views)
Re: Quotes, Estimates and ETA's - Customer  Service/OH
10/3/2022 3:04:51 PM (1831 views)

It's awful.  We are getting quote requests from all of our clients now...even the ones we've had relationships for decades and used to never ask for quotes.  (Apologies to my researchers all around!)  Of course, we get the cruddy counties in which the client cannot do online or cannot find anyone.  There are days I just don't feel like, or I just don't have the time, asking for quotes from my researchers and tell the client our current owner fees are $X and if it turns into a full search, the fee is $Y.  This is primarily only for the counties we work in on a regular basis. 

However, with the market shock in play, and many, many of my abstractors shutting their doors in the last year...AND clients sending quote requests in counties I don't remember ever existing in my 22 years here, I need to reach out to my people to see if they are:

1.  In business

2.  Still cover the county

3.  If their fees have changed since it's been a decade since we've had work in their state

4.  Make sure the researcher gets paid for the work they will have to put into that particular search.  I hate it when you think you have a simple current owner and it ends up being a 200-yr old search because the family came over on the Mayflower and built that house from sticks - and the entire family (including their grandchildren down to their great-great-great-great grandchildren) owns all the parcels in that county.  Did I mention the name is Johnson who died, no will, and a ton of Johnson heirs and their spouses??  (Ohio is a dower state...spouses matter.)  A full search fee wouldn't cover it.  So I want my researchers to review and be fair to themselves to make sure they get paid for the work that would be involved.

Prior to everything being a RUSH-RUSH-RUSH, clients allowed us to work on our searches.  And if the search became more than a current owner, or on whatever we are working, we just called them for a fee increase approval with explanation why we need more money.  Now they want to know what they are getting into prior to submitting the request.  I think part of it is because of the clocks.  Most clients are on a clock with the banks...which affects the amount of orders they get from the bank.  Once that order is submitted, the clock starts.  Which also affects ETAs.  If you know it's a full search and you may need an extra day, the initial ETA will more likely be met.  Nothing urks a client much more than when you change the ETA out ...or you are late.  (Except ghosting.  Going silent really urks thems!)  That's bad for business and they may not be calling on you any longer.  To this day, I still remember what my former boss told me when I first started working at ABC in 2000..."You are only as good as your last search."

I'm sorry for the rambling.  I don't like how this market is playing out this year.  I don't like how this industry has changed over the decades - putting profits over quality - American companies by-passing Americans for a quick buck, no matter who they sink.  I miss the days when showing pride in your work or product actually meant something and was respected by our clients.  

 (Rant over. lol)

You all have a lovely day!

Michelle 

to post a reply: login - or - register


Re: Quotes, Estimates and ETA's - Kurt deVries/FL
10/4/2022 10:45:20 AM (1795 views)
Re: Quotes, Estimates and ETA's - Bruce Lutz/PA
10/3/2022 10:53:58 PM (1930 views)
Re: Quotes, Estimates and ETA's - Judy Maclauchlan/NY
10/6/2022 2:50:12 PM (1922 views)
Re: Quotes, Estimates and ETA's - CYNTHIA DICUS/MD
10/6/2022 9:54:04 PM (1988 views)
Re: Quotes, Estimates and ETA's - Naomi Backes/NC
10/6/2022 10:20:21 PM (2000 views)
Re: Quotes, Estimates and ETA's - Naomi Backes/NC
10/6/2022 10:17:43 PM (1893 views)
Re: Quotes, Estimates and ETA's - Jill Kissell/IA
10/11/2022 10:02:52 AM (1818 views)
Re: Quotes, Estimates and ETA's - jane guiles/AL
10/11/2022 2:38:39 PM (1755 views)
Re: Quotes, Estimates and ETA's - Kurt deVries/FL
10/17/2022 9:57:43 AM (1772 views)

[+] Ameristar - jess barker/IL (16 replies)
9/23/2022 1:30:21 PM (1815 views)

[+] Suffolk County access issues - jennifer yezek/NY (4 replies)
9/20/2022 9:24:31 AM (1376 views)




Blue Grey Mortgage - Bharath  Nagaraj/WY
9/16/2022 1:19:29 AM (1070 views)

Fee Favor - Ronald Shaun /MA
9/12/2022 12:00:56 PM (1359 views)

[+] E&O - Saundra  Scott/MD (13 replies)
8/30/2022 11:32:13 AM (1671 views)

[+] Visionet index request - Rita Killary/NY (8 replies)
8/25/2022 5:45:31 PM (2030 views)

[+] Title Abstracting Classes - Judy Maclauchlan/NY (11 replies)
8/24/2022 9:48:17 AM (1933 views)

[+] Seenmax Business Solutions - Jay Duncan/MO (12 replies)
8/22/2022 12:11:02 PM (1532 views)

[+] Vistro Info Solutions, Inc - MIke Bogart/FL (7 replies)
8/5/2022 10:36:52 AM (2001 views)

[+] PPL Technologies - Bruce Lutz/PA (4 replies)
8/5/2022 9:51:34 AM (1712 views)

[+] Title Shysters - SUZANNE WALLACE/CA (16 replies)
7/26/2022 9:48:29 PM (2735 views)

[+] Stellar Innovations - SUZANNE WALLACE/CA (16 replies)
7/26/2022 9:21:28 PM (2314 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.
Rockwood Programs, Inc.
Directory

The Source of Title Business directory has 8942 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:

Unique Aspects of Title Search in Virginia
Security American's Blog
2024/07/08
2 comments

National Settlement Services Summit NS3 - 2024
Denise. Williams.'s Blog
2024/06/30
0 comments

Unveiling the Costs: Why Commercial Title Searches Command a Premium
Security American's Blog
2024/04/17
0 comments

Articles

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

Mortgage Applications Decrease in Latest MBA Weekly Survey
“Applications decreased last week as rising mortgage rates continued to discourage buyers from entering the market...
Simplex 3D and First American Launch a Cutting-Edge 3D Platform for Real Estate Professionals with Data-Rich Visualizations of New York City and Greater Metro Area
“Advanced technologies, like Simplex 3D’s platform, can be a significant growth engine for the entire real e...
AmTrust Title Appoints Steven Presley as Florida State Counsel
AmTrust Title Insurance Company (“AmTrust Title”), a wholly owned subsidiary of AmTrust Financial Services, ...
Stewart Announces the Promotion of Chief Underwriting Counsel
“World class underwriting is a cornerstone of Stewart’s success, and the role of Chief Underwriting Counsel ...
Old Republic Announces Formation of a New Cyber and Technology Company
Old Republic International Corporation today announced that it is forming a new underwriting subsidiary to provide Cyber...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.