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Altisource - Cherie Smurthwaite/CA
6/9/2011 6:08:58 PM (4229 views)
Re: Altisource - Jessica Talley/FL
6/10/2011 1:00:56 PM (4277 views)
Re: Altisource - Leigh Attridge/MA
6/10/2011 1:16:31 PM (4051 views)
Re: Altisource - Cherie Smurthwaite/CA
6/10/2011 5:41:32 PM (4092 views)
Re: Altisource - Cherie Smurthwaite/CA
6/10/2011 5:39:18 PM (3890 views)
Re: Altisource - Cindy Fishbach-Cortazzo/NY
6/13/2011 9:04:58 AM (4067 views)
Re: Altisource - Mercedes Moreno/FL
6/13/2011 10:12:42 AM (4013 views)
Re: Altisource - Cherie Smurthwaite/CA
6/13/2011 10:43:57 AM (4009 views)
REMINDER... - Robert Franco/OH
6/14/2011 10:08:35 AM (3784 views)
Re: Altisource - Joe Bell/OH
1/24/2013 4:21:54 PM (2565 views)

Analyst Says Palin Might Have a Deed Problem - Leigh Attridge/MA
6/9/2011 3:02:16 PM (3570 views)
Re: Analyst Says Palin Might Have a Deed Problem - Kym/NJ
6/9/2011 4:25:32 PM (3673 views)
Seriously..? - Scott Perry/PA
6/9/2011 9:04:42 PM (3555 views)

Adding client to insurance policy as Cert. Holder - Kym/NJ
6/9/2011 11:42:07 AM (3155 views)
Re: Adding client to insurance policy as Cert. Holder - Kevin Ahern/CT
6/9/2011 12:23:43 PM (3593 views)
Re: Adding client to insurance policy as Cert. Holder - Carrin /TX
6/9/2011 12:50:32 PM (3654 views)
Re: Adding client to insurance policy as Cert. Holder - Michelle/IL
6/9/2011 1:52:25 PM (3514 views)
Re: Adding client to insurance policy as Cert. Holder - K C/NJ
6/9/2011 1:57:14 PM (3572 views)
Re: Adding client to insurance policy as Cert. Holder - Kevin Ahern/CT
6/9/2011 2:01:24 PM (3716 views)
Re: Adding client to insurance policy as Cert. Holder - K C/NJ
6/9/2011 2:17:49 PM (3883 views)
Re: Adding client to insurance policy as Cert. Holder - Kevin Ahern/CT
6/9/2011 2:32:22 PM (3708 views)
Re: Adding client to insurance policy as Cert. Holder - Jessica Talley/FL
6/9/2011 3:16:21 PM (3663 views)
Re: Adding client to insurance policy as Cert. Holder - K C/NJ
6/9/2011 4:20:18 PM (3551 views)
Re: Adding client to insurance policy as Cert. Holder - Kevin Ahern/CT
6/9/2011 5:44:44 PM (3562 views)
Re: Adding client to insurance policy as Cert. Holder - Ryan Thorpe/NY
6/10/2011 11:18:50 AM (3407 views)
Re: Adding client to insurance policy as Cert. Holder - Jessica Talley/FL
6/10/2011 1:03:15 PM (3380 views)
Re: Adding client to insurance policy as Cert. Holder - Carrin /TX
6/9/2011 2:34:53 PM (4701 views)
Re: Adding client to insurance policy as Cert. Holder - Robert Franco/OH
6/10/2011 12:03:27 PM (3402 views)
Re: Adding client to insurance policy as Cert. Holder - Nancy Walker/AZ
6/14/2011 7:04:42 PM (3619 views)

Banks Say No? Hedge Funds Fill a Void In Lending - Leigh Attridge/MA
6/9/2011 8:54:49 AM (3205 views)

"Selling" SOT at NS3 - CHARLENE  PERRY/MD
6/8/2011 8:10:35 PM (3110 views)
Re: "Selling" SOT at NS3 - Slade Smith/OH
6/8/2011 9:07:39 PM (3817 views)
Re: "Selling" SOT at NS3 - Robert Franco
6/9/2011 3:02:30 PM (3459 views)




Why won't they talk to me? - Paula Reynolds/FL
6/8/2011 3:29:46 PM (2578 views)

If you owe money ... - Dan Zook/NY
6/8/2011 10:42:51 AM (3114 views)
Re: If you owe money ... - Robert Franco/OH
6/8/2011 11:19:02 AM (3843 views)
Re: If you owe money ... - Jessica Talley/FL
6/8/2011 5:34:03 PM (3772 views)
Re: If you owe money ... - Kym
6/9/2011 3:12:52 PM (3594 views)

Essex South ROD Robo Rejection Letter - Leigh Attridge/MA
6/7/2011 1:24:07 PM (3917 views)
Re: Essex South ROD Robo Rejection Letter - Jessica Talley/FL
6/7/2011 2:19:35 PM (3588 views)
Re: Essex South ROD Robo Rejection Letter - CHARLENE  PERRY/MD
6/7/2011 5:04:16 PM (3710 views)
Re: Essex South ROD Robo Rejection Letter - Edward Huguenin/SC
6/8/2011 8:02:53 AM (3773 views)
Re: Essex South ROD Robo Rejection Letter - Jessica Talley/FL
6/8/2011 5:36:07 PM (3769 views)
Re: Essex South ROD Robo Rejection Letter - CHARLENE  PERRY/MD
6/8/2011 8:01:50 PM (3626 views)
Re: Essex South ROD Robo Rejection Letter - Jeffrey Land/NJ
6/13/2011 10:29:36 AM (3450 views)
Re: Essex South ROD Robo Rejection Letter - Leigh Attridge/MA
6/13/2011 2:17:53 PM (3498 views)
Re: Essex South ROD Robo Rejection Letter - Robert Franco/OH
6/14/2011 10:00:46 AM (3271 views)

Urban Settlement - Catherine Jackson/NC
6/7/2011 7:29:16 AM (2990 views)
Re: Urban Settlement - Carl Krueger/RI
6/8/2011 3:36:57 PM (3548 views)
Re: Urban Settlement - Kym/NJ
6/9/2011 4:22:20 PM (3671 views)
Re: Urban Settlement - TLA/PA
7/18/2011 7:36:35 PM (3379 views)

Bank of America Gets Pad Locked After Homeowner Forecloses On It - Edward Huguenin/SC
6/5/2011 2:22:12 AM (4002 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Jessica Talley/FL
6/5/2011 7:50:14 PM (3680 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Abstractor/GA
6/5/2011 9:05:18 PM (3655 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Jessica Talley/FL
6/6/2011 7:20:53 AM (3572 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Ron McPherson/IA
6/6/2011 5:37:19 PM (3513 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Jessica Talley/FL
6/7/2011 5:50:22 AM (3473 views)

FOX & SPADER A/K/A FS ENTERPRISES A/K/A RISK MANAGEMENT SOLUTIONS - Paul /FL
6/4/2011 8:15:00 PM (3227 views)
Re: FOX & SPADER A/K/A FS ENTERPRISES A/K/A RISK MANAGEMENT SOLUTIONS - Rita Killary/NY
6/6/2011 9:28:58 AM (3671 views)
Re: FOX & SPADER A/K/A FS ENTERPRISES A/K/A RISK MANAGEMENT SOLUTIONS - Sandra Smith/FL
6/6/2011 9:45:52 AM (3642 views)

7 years ??? - monica froese/ME
6/3/2011 7:18:48 PM (3145 views)
Re: 7 years ??? - Ron McPherson/IA
6/3/2011 9:22:37 PM (3681 views)
Re: 7 years ??? - Robert Franco/OH
6/4/2011 12:10:50 PM (3773 views)

Thanks Rob at Watchdog - Nils Nelson/ME
6/2/2011 4:46:51 PM (2553 views)

I don't get it - Nils Nelson/ME
6/2/2011 4:16:10 PM (3162 views)
Re: I don't get it - William Pattison /CA
6/6/2011 11:20:31 PM (3371 views)

These "vendor firms" are a study in how a domestic market pushes back against off-shoring competition, as well as an interesting experiment in modern digital communcation.

I've encountered many problems with them:

1.  Contradictory terms in their service contracts that nobody seems able to fix (the send them out through low level managers who have no authority to modify or negotiate the contract).

2.  Their fixed pricing is too high to compete with $6 in India, but too low to pay a reasonable rate for what they expect of the abstractor, often not paying for county copy costs and asking for 50-year searches for pennies on the dollar.

3.  Many do not understand the distinction between an independent contractor, an employee and ordering a set report product from another business, including the copyright issues that can come with each of those different classifications.

4.  Some of them have taken the same vendor contract and reused it with the company name changed.   The original had spelling and grammar errors, not to mention poorly written terms that are either unenforcable, outside the bounds of good standards and practices for our industry, or simply unintelligible as to their intent.  Some of the provisions put a burden on the abstractor that is harsh;   no payment without a pile of checks with no counter-checks in place for the abstractor's peace of mind.

5.  These contracts create a lowest common denominator for service.  Added bonus materials that I'll put into any report for a client at no added cost in time or money would be omitted from such vendor packages due to the liability in confusion that we've often run into with their sometimes poorly educated staff.  Too much hassle and headache to deal with this sort of drama.

 

I recommend rejecting these vendor proposals, raising  your rates, pounding the pavement harder and over a wider range of geographic territoriy and product offerings and referring people to other abstractors from SOT when a request falls outside your ability.  It's what we do and we are not bound by weird non-compete, non-disclose terms or nonpaying vendor firms. 

Capitalism is marked by competion, not cooperation.

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Comment on "It Sometimes Pays to Check a Map" - Source of Title/OH
6/2/2011 1:07:35 PM (2890 views)
Importance of correct filings - Jeanine Johnson/MN
6/2/2011 1:07:35 PM (3473 views)
Re: Importance of correct filings - William Pattison /CA
6/6/2011 11:23:17 PM (3408 views)


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