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[+] Anyone know this company? - Serena Stout/VA (3 replies)
3/15/2011 3:36:55 PM (3327 views)

[+] Island moved - William Pattison /CA (4 replies)
3/15/2011 12:09:52 PM (2903 views)

[+] Before & after photos show land and development - William Pattison /CA (2 replies)
3/15/2011 11:23:08 AM (4105 views)

[+] getting burned - LEO POVEDA/CA (6 replies)
3/14/2011 4:45:03 PM (3064 views)

[+] Water, it's the word of the day - CHARLENE  PERRY/MD (2 replies)
3/14/2011 11:19:20 AM (2703 views)


Real Title Services


[+] Vision Land Services - Diane O'Neill/MI (1 reply)
3/14/2011 10:32:21 AM (2926 views)

Zen Title Update - Anita Backlund/MN
3/13/2011 3:15:03 PM (3981 views)

[+] Inquiry on Military Family Foreclosures - Leigh Attridge/MA (6 replies)
3/12/2011 6:45:32 AM (4063 views)

Red Flag on Reverse Mortgages - Leigh Attridge/MA
3/12/2011 6:43:17 AM (3772 views)

More Loan Mod Options - Leigh Attridge/MA
3/12/2011 6:41:57 AM (3759 views)

[-] Saying Goodbye To Unprofitable Customers - Patrick Scott/IL (5 replies)
3/11/2011 8:12:36 PM (3476 views)
Re: Saying Goodbye To Unprofitable Customers - Robert Franco/OH
3/12/2011 10:54:25 AM (3215 views)
Re: Saying Goodbye To Unprofitable Customers - Scott Perry/PA
3/12/2011 11:38:43 AM (3369 views)
Re: Saying Goodbye To Unprofitable Customers - Kevin Ahern/CT
3/12/2011 2:09:20 PM (3196 views)

The volume discount farce never works for the abstractor. It is one of the reasons I left abstracting for closings. The constant pressure for reduced abstracting fees....ridiculous turn around times...slow pay/no pay clients all made abstracting less attractive. The VM's rarely delivered on the volume...that is if you could get them to commit to a specific volume, but they always expected the discount. The only way it would work would be to charge the regular price at the beginning of the month and build in the discount on the abstracts at the end of the month to assure both the volume and the discount were there each month. ( Market price for the first 50% of the agreed volume, and discounted price for the second 50% of the agreed volume).Try and get them to agree to this though.

Since moving into closings I have had a few title companies approach me with the same tired approach. When I told them they would have to guaranty a certain amount of volume each month before the discount would kick in they became a little upset. They said they had no way of knowing in advance what their volume would be. I pointed out to them they were asking for a guaranty of a certain price without their corresponding ability to guaranty a certain volume....nothing but dead air on the other end of the phone. Told them That I would pass on their offer.

The signing agents over on Notary Rotary have discussed this quite often. Their position is that more volume does not guaranty more income unless their is a suitable profit margin after expenses are factored into the equation.

The rise in gasoline prices is actually helping to negotiate higher overall prices. Just quote your desired overall  fee...no break down of profit/expenses. If they come back with a counter offer...my response is that "I am not driving to the other side of the state for that price with gas at $3.75 a gallon." They seem to understand that. Once in a while they will try to find someone closer to the borrower's address, but if it is a last minute closing and their back is to the wall they often do not have the time and will pay the fee quoted to them.

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Re: Saying Goodbye To Unprofitable Customers - Bruce Murch/VA
3/13/2011 11:44:32 PM (3122 views)
Re: Saying Goodbye To Unprofitable Customers - F P/VA
3/15/2011 10:39:02 AM (2863 views)

[+] Bathing Beauties 1905 - Leigh Attridge/MA (1 reply)
3/11/2011 6:10:30 PM (4180 views)

[+] Jersey Shore 1910 - Leigh Attridge/MA (1 reply)
3/11/2011 7:38:53 AM (3967 views)

B of A creating a "Bad Bank" - CHARLENE  PERRY/MD
3/10/2011 3:53:40 PM (3978 views)

Enough is enough - Leigh Attridge/MA
3/10/2011 10:17:52 AM (2728 views)


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