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Comment on "Another Cleveland Area Title Company Owner Indicted" - Source of Title/OH
3/15/2011 7:32:01 PM (3574 views)
Foolish - CHARLENE  PERRY/MD
3/15/2011 7:32:01 PM (7933 views)
Re: Foolish - F P/VA
3/16/2011 7:16:20 AM (7944 views)
Re: Foolish - Kevin Ahern/CT
3/16/2011 7:57:26 AM (8009 views)
Scary thought - Leigh Attridge/MA
3/16/2011 8:18:08 AM (8011 views)
Re: Scary thought - Kevin Ahern/CT
3/16/2011 8:34:03 AM (7980 views)
Re: Scary thought - Jessica Talley/FL
3/16/2011 4:16:11 PM (7788 views)

Anyone know this company? - Serena Stout/VA
3/15/2011 3:36:55 PM (3498 views)
Re: Anyone know this company? - Jason Knowles/AL
3/16/2011 2:38:57 PM (3366 views)
Re: Anyone know this company? - Michael McNamara/OH
5/2/2011 3:05:45 PM (2952 views)
Re: Anyone know this company? - Bill Cummings/IL
5/15/2011 12:19:20 AM (2876 views)

Island moved - William Pattison /CA
3/15/2011 12:09:52 PM (3116 views)
Re: Island moved - Kevin Ahern/CT
3/15/2011 12:22:12 PM (3153 views)
Re: Island moved - William Pattison /CA
3/15/2011 1:21:13 PM (3163 views)
Re: Island moved - Steve Dennis/AK
3/15/2011 5:10:06 PM (3280 views)
Re: Island moved - CHARLENE  PERRY/MD
3/15/2011 7:30:41 PM (3174 views)

Before & after photos show land and development - William Pattison /CA
3/15/2011 11:23:08 AM (4344 views)
Re: Before & after photos show land and development - Barbara Bennett/IN
3/15/2011 1:00:09 PM (3161 views)
Re: Before & after photos show land and development - Janis Talbot/SC
3/21/2011 7:36:00 AM (2934 views)

getting burned - LEO POVEDA/CA
3/14/2011 4:45:03 PM (3252 views)
Re: getting burned - Kevin Ahern/CT
3/14/2011 6:22:30 PM (3204 views)
Re: getting burned - LEO POVEDA/CA
3/21/2011 2:13:53 PM (3044 views)
Re: getting burned - Leigh Attridge/MA
3/16/2011 6:54:27 PM (3128 views)
Re: getting burned - Janis Talbot/SC
3/21/2011 7:39:26 AM (3080 views)
Re: getting burned - LEO POVEDA/CA
3/21/2011 2:22:27 PM (2941 views)
Re: getting burned - LEO POVEDA/CA
3/21/2011 2:19:11 PM (2876 views)




Water, it's the word of the day - CHARLENE  PERRY/MD
3/14/2011 11:19:20 AM (2885 views)
Re: Water, it's the word of the day - William Pattison /CA
3/14/2011 12:20:34 PM (3008 views)
Re: Water, it's the word of the day - Scott Perry/PA
3/15/2011 4:22:04 PM (5064 views)

Vision Land Services - Diane O'Neill/MI
3/14/2011 10:32:21 AM (3103 views)
Re: Vision Land Services - Joyce Harper/OH
4/12/2011 3:08:20 PM (2805 views)

Zen Title Update - Anita Backlund/MN
3/13/2011 3:15:03 PM (4118 views)

Inquiry on Military Family Foreclosures - Leigh Attridge/MA
3/12/2011 6:45:32 AM (4315 views)
Re: Inquiry on Military Family Foreclosures - Angie  McKinnon/UT
3/14/2011 10:37:15 PM (3254 views)
Re: Inquiry on Military Family Foreclosures - Jessica Talley/FL
3/15/2011 9:25:58 AM (3198 views)
Re: Inquiry on Military Family Foreclosures - James Powell/MI
3/17/2011 9:35:44 AM (3198 views)
Re: Inquiry on Military Family Foreclosures - Jessica Talley/FL
3/17/2011 11:16:52 AM (3227 views)
Re: Inquiry on Military Family Foreclosures - James Powell/MI
3/18/2011 12:39:37 PM (3219 views)
Re: Inquiry on Military Family Foreclosures - Jessica Talley/FL
3/18/2011 7:24:29 PM (3384 views)

Red Flag on Reverse Mortgages - Leigh Attridge/MA
3/12/2011 6:43:17 AM (3920 views)

More Loan Mod Options - Leigh Attridge/MA
3/12/2011 6:41:57 AM (3904 views)

Saying Goodbye To Unprofitable Customers - Patrick Scott/IL
3/11/2011 8:12:36 PM (3647 views)
Re: Saying Goodbye To Unprofitable Customers - Robert Franco/OH
3/12/2011 10:54:25 AM (3665 views)
Re: Saying Goodbye To Unprofitable Customers - Scott Perry/PA
3/12/2011 11:38:43 AM (3778 views)
Re: Saying Goodbye To Unprofitable Customers - Kevin Ahern/CT
3/12/2011 2:09:20 PM (3674 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 (3582 views)
Re: Saying Goodbye To Unprofitable Customers - F P/VA
3/15/2011 10:39:02 AM (3270 views)

Bathing Beauties 1905 - Leigh Attridge/MA
3/11/2011 6:10:30 PM (4557 views)
Re: Bathing Beauties 1905 - George Booth/OH
3/12/2011 9:36:43 AM (3181 views)

Jersey Shore 1910 - Leigh Attridge/MA
3/11/2011 7:38:53 AM (4440 views)
Re: Jersey Shore 1910 - monica froese/ME
3/11/2011 7:25:39 PM (3255 views)

B of A creating a "Bad Bank" - CHARLENE  PERRY/MD
3/10/2011 3:53:40 PM (4133 views)


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