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 | hide all replies



Why won't they talk to me? - Paula Reynolds/FL
6/8/2011 3:29:46 PM (2554 views)

If you owe money ... - Dan Zook/NY
6/8/2011 10:42:51 AM (3084 views)
Re: If you owe money ... - Robert Franco/OH
6/8/2011 11:19:02 AM (3736 views)
Re: If you owe money ... - Jessica Talley/FL
6/8/2011 5:34:03 PM (3658 views)
Re: If you owe money ... - Kym
6/9/2011 3:12:52 PM (3482 views)

Essex South ROD Robo Rejection Letter - Leigh Attridge/MA
6/7/2011 1:24:07 PM (3881 views)
Re: Essex South ROD Robo Rejection Letter - Jessica Talley/FL
6/7/2011 2:19:35 PM (3499 views)
Re: Essex South ROD Robo Rejection Letter - CHARLENE  PERRY/MD
6/7/2011 5:04:16 PM (3629 views)
Re: Essex South ROD Robo Rejection Letter - Edward Huguenin/SC
6/8/2011 8:02:53 AM (3685 views)
Re: Essex South ROD Robo Rejection Letter - Jessica Talley/FL
6/8/2011 5:36:07 PM (3678 views)
Re: Essex South ROD Robo Rejection Letter - CHARLENE  PERRY/MD
6/8/2011 8:01:50 PM (3537 views)
Re: Essex South ROD Robo Rejection Letter - Jeffrey Land/NJ
6/13/2011 10:29:36 AM (3358 views)
Re: Essex South ROD Robo Rejection Letter - Leigh Attridge/MA
6/13/2011 2:17:53 PM (3414 views)
Re: Essex South ROD Robo Rejection Letter - Robert Franco/OH
6/14/2011 10:00:46 AM (3185 views)

Urban Settlement - Catherine Jackson/NC
6/7/2011 7:29:16 AM (2976 views)
Re: Urban Settlement - Carl Krueger/RI
6/8/2011 3:36:57 PM (3460 views)
Re: Urban Settlement - Kym/NJ
6/9/2011 4:22:20 PM (3578 views)
Re: Urban Settlement - TLA/PA
7/18/2011 7:36:35 PM (3283 views)

Bank of America Gets Pad Locked After Homeowner Forecloses On It - Edward Huguenin/SC
6/5/2011 2:22:12 AM (3982 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Jessica Talley/FL
6/5/2011 7:50:14 PM (3597 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Abstractor/GA
6/5/2011 9:05:18 PM (3573 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Jessica Talley/FL
6/6/2011 7:20:53 AM (3477 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Ron McPherson/IA
6/6/2011 5:37:19 PM (3432 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Jessica Talley/FL
6/7/2011 5:50:22 AM (3398 views)




FOX & SPADER A/K/A FS ENTERPRISES A/K/A RISK MANAGEMENT SOLUTIONS - Paul /FL
6/4/2011 8:15:00 PM (3200 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 (3590 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 (3560 views)

7 years ??? - monica froese/ME
6/3/2011 7:18:48 PM (3128 views)
Re: 7 years ??? - Ron McPherson/IA
6/3/2011 9:22:37 PM (3595 views)
Re: 7 years ??? - Robert Franco/OH
6/4/2011 12:10:50 PM (3689 views)

Thanks Rob at Watchdog - Nils Nelson/ME
6/2/2011 4:46:51 PM (2535 views)

I don't get it - Nils Nelson/ME
6/2/2011 4:16:10 PM (3143 views)
Re: I don't get it - William Pattison /CA
6/6/2011 11:20:31 PM (3276 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.

to post a reply: login - or - register



Comment on "It Sometimes Pays to Check a Map" - Source of Title/OH
6/2/2011 1:07:35 PM (2876 views)
Importance of correct filings - Jeanine Johnson/MN
6/2/2011 1:07:35 PM (3350 views)
Re: Importance of correct filings - William Pattison /CA
6/6/2011 11:23:17 PM (3324 views)

Accurate Group - Sandra Harold/KS
6/2/2011 9:28:47 AM (4186 views)
Re: Accurate Group - Angela Miller/WI
6/2/2011 9:39:47 AM (4483 views)
Re: Accurate Group - Chris/AK
6/2/2011 2:27:49 PM (4176 views)
Re: Accurate Group - Ron McPherson/IA
6/2/2011 9:51:50 PM (4039 views)
Re: Accurate Group - Dan Zook/NY
6/3/2011 10:45:27 AM (4061 views)
Re: Accurate Group - Garret  Fitzgerald/VA
6/6/2011 4:07:23 PM (3520 views)
Re: Accurate Group - Ron McPherson/IA
6/6/2011 5:32:26 PM (3599 views)
Re: Accurate Group - T/PA
7/18/2011 7:48:24 PM (3670 views)
Re: Accurate Group - Chris Byron/NC
8/3/2011 11:55:21 AM (3697 views)
Re: Accurate Group - K C/NJ
4/15/2013 12:26:12 PM (2512 views)

National Settlement Services & Compliance Summit - CHARLENE  PERRY/MD
6/1/2011 2:54:31 PM (2518 views)

"Renter Nation? - Give Me a Break" - Leigh Attridge/MA
6/1/2011 1:59:41 PM (3056 views)

ROBO SIGNING NOT THE ONLY ISSUE -CHECK OUT THIS SHOW CAUSE ORDER - CHARLENE  PERRY/MD
6/1/2011 12:20:44 PM (2366 views)

ROBO SIGNING NOT THE ONLY ISSUE -CHECK OUT THIS SHOW CAUSE ORDER - CHARLENE  PERRY/MD
6/1/2011 12:18:38 PM (2602 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 8973 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:

What Is Title Insurance & Benefits
Michael Stelzer's Blog
2026/03/14
0 comments

The Source of Title - Part I: Freedom Written, Freedom Insured
Ben DuBay's Blog
2026/02/15
0 comments

Shared Driveway Agreements
Marissa Berends's Blog
2025/12/10
0 comments

Articles

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

MBA Statement on FHFA, HUD Announcement on Credit Score Modernization
“MBA has long advocated for greater competition in the credit reporting and scoring space. Today’s announcem...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates declined last week as financial markets responded positively to the Middle East ceasefire and the ...
NAR Pending Home Sales Report Shows 1.5% Increase in March
“Contract signings rose in March despite higher mortgage rates, pointing to pent-up housing demand,” said NA...
ALTA, Land Title Association of Colorado and AARP Applaud Attorney General Phil Weiser for Action Protecting Homeowners from Unfair MV Realty Contracts
The American Land Title Association, the Land Title Association of Colorado and AARP today commended Colorado Attorney G...
More Young Adults Interested in the Construction Trades, but Challenges Persist
“While this new research shows that more young adults have a positive attitude toward a career in the construction...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.