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



[+] VA loans and fees charged by title agents - CHARLENE  PERRY/MD (3 replies)
7/16/2011 2:32:38 PM (3146 views)

[+] Houses Made of Sticks & Stones - Leigh Attridge/MA (1 reply)
7/15/2011 6:49:50 AM (4084 views)

[+] Comment on "ALTA: More Transparency Needed in Mortgage Disclosures" - Source of Title/OH (1 reply)
7/14/2011 2:28:54 PM (3192 views)

[+] INFIOSYS, LLC - Amy Haynes/KY (29 replies)
7/13/2011 1:37:58 PM (3750 views)

Failed Bank - Kansas - 1936 - colorized version - Leigh Attridge/MA
7/13/2011 9:45:56 AM (3863 views)




Packard Fire Squad ca 1911 - colorized version - Leigh Attridge/MA
7/13/2011 9:02:49 AM (3467 views)

Atlantic City, NJ ca 1912 - colorized version - Leigh Attridge/MA
7/13/2011 8:58:46 AM (3401 views)

Steeplechase Park (Coney Island) ca 1904 - colorized version - Leigh Attridge/MA
7/13/2011 8:55:45 AM (3447 views)

Downtown Atlanta 1864 - colorized version - Leigh Attridge/MA
7/13/2011 8:51:03 AM (3555 views)

[-] Example of a Professional - K C/NJ (6 replies)
7/12/2011 5:38:53 PM (3644 views)
Re: Example of a Professional - Leigh Attridge/MA
7/12/2011 6:36:34 PM (4536 views)
Re: Example of a Professional - Carrin Reeves/TX
7/13/2011 2:46:58 PM (4558 views)
Re: Example of a Professional - Alix Ott/MI
7/18/2011 8:10:28 AM (4321 views)
Re: Example of a Professional - William Pattison /CA
7/20/2011 12:17:32 PM (4242 views)
Re: Example of a Professional - TLA/PA
7/18/2011 7:06:19 PM (4376 views)
Professionals and Standards Reviewed - William Pattison /CA
7/19/2011 12:55:35 PM (4374 views)

I have long had a problem with firms that "farm out" research projects in this  manner.  While it is an expected competitive outgrowth, it has a few potential pitfalls.

 To illustrate one problematic area, let's use this example:

Homeowner pays ABC Abstract $250 for a title report, since he's seeking a zoning variance for an addition to his home (his city requires a title report to grant the permit).

ABC sends the order to XYZ Research for $150.  XYZ Research has offered researchers in Abbazaba County, Arkansas a bulk contract at $40 per lot for 60-year work.

The end client who is the Homeowner is not getting $250 in research work.  He is getting $40 worth of research work down-line.

 This situation is part and parcel to the reason that India's data firms are getting traction in our  market;  we've created a middle-management industry that takes a "cut" at each level.  The economies of scale and internet-age technology allows us to create these middlemen firms.

 I've ranted against these sorts of contracts before.  I prefer to deal with the end client directly and I do not let my firm become involved in such projects.  The only exceptions to this are "friends" in the industry whom I will take a quick project from and do it for free to help them out.  Otherwise, the time in travel, cost of documents, and amount of time spent billing $40 for a project that would cost me $70 to do is insane economics which don't add up.

 

 

 

to post a reply: login - or - register



[+] Non-payment and constantly short - Pat/WV (9 replies)
7/12/2011 4:50:18 PM (3374 views)

[+] expunging sats by placing legal notice in paper - mason haas/NY (3 replies)
7/12/2011 12:02:46 PM (4110 views)

Dead Ox Flat, Malheur County, Oregon - Leigh Attridge/MA
7/12/2011 11:31:09 AM (3669 views)

[+] Forgive this rant, I got annoyed; this is the e-mail I wanted to send!! - CHARLENE  PERRY/MD (2 replies)
7/12/2011 10:58:38 AM (2979 views)

[+] Judgment / tax lien question for you - MS/IL (4 replies)
7/11/2011 5:23:21 PM (3147 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 8975 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:

Practical Obscurity, Revisited
Blurbs from the Bossman
2026/08/06
0 comments

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

Articles

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

MISMO to Launch FRAME Interactive Workshop, Put AI Governance into Practice
"Everyone is trying to figure out how to use AI effectively, but just as importantly, how to do it responsibly," said MI...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Following last week’s spike in oil prices, mortgage rates moved higher, with the 30-year fixed rate increas...
Foreign Buyers Purchased $45.3 Billion Worth of U.S. Homes from April '25 to March '26
“The decline in foreign home buyer activity mirrors the decline in international visitors and tourists to the Unit...
Second Century Ventures Announces 8 Companies for 2026 REACH Commercial Scale-Up Program
Second Century Ventures, the strategic investment arm of the National Association of REALTORS® and the most active ...
New Home Sales Edge Higher as Affordability Challenges Persist
“New home sales are gaining some momentum at the more affordable range of the market, with homes priced below $300...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.