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



Water, it's the word of the day - CHARLENE  PERRY/MD
3/14/2011 11:19:20 AM (3104 views)
Re: Water, it's the word of the day - William Pattison /CA
3/14/2011 12:20:34 PM (3659 views)
Re: Water, it's the word of the day - Scott Perry/PA
3/15/2011 4:22:04 PM (5733 views)

Vision Land Services - Diane O'Neill/MI
3/14/2011 10:32:21 AM (3291 views)
Re: Vision Land Services - Joyce Harper/OH
4/12/2011 3:08:20 PM (3410 views)

Zen Title Update - Anita Backlund/MN
3/13/2011 3:15:03 PM (4493 views)

Inquiry on Military Family Foreclosures - Leigh Attridge/MA
3/12/2011 6:45:32 AM (4684 views)
Re: Inquiry on Military Family Foreclosures - Angie  McKinnon/UT
3/14/2011 10:37:15 PM (3896 views)
Re: Inquiry on Military Family Foreclosures - Jessica Talley/FL
3/15/2011 9:25:58 AM (3823 views)
Re: Inquiry on Military Family Foreclosures - James Powell/MI
3/17/2011 9:35:44 AM (3834 views)
Re: Inquiry on Military Family Foreclosures - Jessica Talley/FL
3/17/2011 11:16:52 AM (3853 views)
Re: Inquiry on Military Family Foreclosures - James Powell/MI
3/18/2011 12:39:37 PM (3865 views)
Re: Inquiry on Military Family Foreclosures - Jessica Talley/FL
3/18/2011 7:24:29 PM (4008 views)

Red Flag on Reverse Mortgages - Leigh Attridge/MA
3/12/2011 6:43:17 AM (4169 views)




More Loan Mod Options - Leigh Attridge/MA
3/12/2011 6:41:57 AM (4125 views)

Saying Goodbye To Unprofitable Customers - Patrick Scott/IL
3/11/2011 8:12:36 PM (3876 views)
Re: Saying Goodbye To Unprofitable Customers - Robert Franco/OH
3/12/2011 10:54:25 AM (4320 views)
Re: Saying Goodbye To Unprofitable Customers - Scott Perry/PA
3/12/2011 11:38:43 AM (4421 views)
Re: Saying Goodbye To Unprofitable Customers - Kevin Ahern/CT
3/12/2011 2:09:20 PM (4342 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.

to post a reply: login - or - register


Re: Saying Goodbye To Unprofitable Customers - Bruce Murch/VA
3/13/2011 11:44:32 PM (4239 views)
Re: Saying Goodbye To Unprofitable Customers - F P/VA
3/15/2011 10:39:02 AM (3939 views)

Bathing Beauties 1905 - Leigh Attridge/MA
3/11/2011 6:10:30 PM (4843 views)
Re: Bathing Beauties 1905 - George Booth/OH
3/12/2011 9:36:43 AM (3921 views)

Jersey Shore 1910 - Leigh Attridge/MA
3/11/2011 7:38:53 AM (4728 views)
Re: Jersey Shore 1910 - monica froese/ME
3/11/2011 7:25:39 PM (3875 views)

B of A creating a "Bad Bank" - CHARLENE  PERRY/MD
3/10/2011 3:53:40 PM (4375 views)

Enough is enough - Leigh Attridge/MA
3/10/2011 10:17:52 AM (3066 views)

Direct Title Solutions - Deceiving Vendors - Bruce Murch/VA
3/8/2011 7:05:26 PM (9261 views)
Re: Direct Title Solutions - Deceiving Vendors - Sheila Sten/PA
3/8/2011 8:12:17 PM (4826 views)
Re: Direct Title Solutions - Deceiving Vendors - Leigh Attridge/MA
3/8/2011 9:33:11 PM (4957 views)
Re: Direct Title Solutions - Deceiving Vendors - Bruce Murch/VA
3/10/2011 6:53:52 AM (4453 views)
Re: Direct Title Solutions - Deceiving Vendors - Leigh Attridge/MA
3/10/2011 7:51:51 AM (4547 views)
Re: Direct Title Solutions - Deceiving Vendors - Beverly Murch/VA
3/13/2011 11:50:42 PM (4451 views)
Re: Direct Title Solutions - Deceiving Vendors - J Nisonger/CA
3/14/2011 9:40:59 AM (4270 views)
Re: Direct Title Solutions - Deceiving Vendors - john rutledge/VA
3/14/2011 10:28:06 AM (4379 views)
Re: Direct Title Solutions - Deceiving Vendors - Bruce Murch/VA
3/15/2011 9:30:21 AM (4335 views)
Re: Direct Title Solutions - Deceiving Vendors - F P/VA
3/15/2011 10:08:44 AM (4331 views)
Re: Direct Title Solutions - Deceiving Vendors - C/VA
3/23/2011 4:53:12 PM (4260 views)
Re: Direct Title Solutions - Deceiving Vendors - Beverly Murch/VA
3/30/2011 10:53:55 AM (4144 views)
Re: Direct Title Solutions - Deceiving Vendors - Bruce Murch/VA
3/30/2011 11:23:19 AM (4057 views)

Stern's firm is DONE! - CHARLENE  PERRY/MD
3/7/2011 8:37:37 PM (5610 views)
Re: Stern's firm is DONE! - Leigh Attridge/MA
3/8/2011 8:36:54 AM (4012 views)
Re: Stern's firm is DONE! - George Booth/OH
3/8/2011 10:35:13 AM (4043 views)
Re: Stern's firm is DONE! - Leigh Attridge/MA
3/8/2011 11:59:34 AM (4049 views)
Re: Stern's firm is DONE! - Robert Franco/OH
3/8/2011 12:10:09 PM (4118 views)
Re: Stern's firm is DONE! - CHARLENE  PERRY/MD
3/8/2011 2:54:03 PM (4162 views)
Re: Stern's firm is DONE! - Jessica Talley/FL
3/8/2011 4:28:58 PM (4189 views)
Re: Stern's firm is DONE! - George Booth/OH
3/9/2011 7:49:11 AM (3938 views)
Re: Stern's firm is DONE! - Leigh Attridge/MA
3/9/2011 9:47:29 AM (4099 views)
Re: Stern's firm is DONE! - Kevin Ahern/CT
3/9/2011 10:54:38 AM (4150 views)
Re: Stern's firm is DONE! - Jessica Talley/FL
3/9/2011 11:41:43 AM (4169 views)
Re: Stern's firm is DONE! - George Booth/OH
3/10/2011 10:45:43 AM (3878 views)
Re: Stern's firm is DONE! - George Booth/OH
3/10/2011 10:41:28 AM (3972 views)
Re: Stern's firm is DONE! - Robert Franco/OH
3/10/2011 11:52:29 AM (3856 views)
Re: Stern's firm is DONE! - Leigh Attridge/MA
3/10/2011 8:40:01 PM (4047 views)
Re: Stern's firm is DONE! - George Booth/OH
3/11/2011 11:29:28 AM (3900 views)
Re: Stern's firm is DONE! - Robert Franco/OH
3/11/2011 12:52:11 PM (3967 views)
Re: Stern's firm is DONE! - George Booth/OH
3/12/2011 9:33:30 AM (3843 views)
Re: Stern's firm is DONE! - Robert Franco/OH
3/9/2011 1:08:19 PM (4027 views)
Re: Stern's firm is DONE! - George Booth/OH
3/10/2011 10:42:28 AM (4029 views)
Re: Stern's firm is DONE! - Jennifer ONeal/FL
3/11/2011 12:57:46 PM (4053 views)
Re: Stern's firm is DONE! - Barbara /FL
3/14/2011 11:57:02 AM (3888 views)

Genesis Servicing Corporation - Kristi Lee/NE
3/7/2011 1:26:28 PM (4495 views)
Re: Genesis Servicing Corporation - Nils Nelson/ME
3/7/2011 2:54:02 PM (4154 views)
Re: Genesis Servicing Corporation - Kristi Lee/NE
3/7/2011 4:55:18 PM (4228 views)
Re: Genesis Servicing Corporation - Nils Nelson/ME
3/7/2011 5:54:21 PM (4077 views)
Re: Genesis Servicing Corporation - Kristi Lee/NE
3/7/2011 6:15:23 PM (4126 views)
Re: Genesis Servicing Corporation - Abstractor/MI
3/24/2011 10:54:56 AM (3819 views)

Cleveland Title Association March Meeting - Robert Franco/OH
3/7/2011 10:16:42 AM (3095 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:

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

ATTENTION CIOs, CTOs, VENDOR MANAGERS, AND SUPPLIER MANAGERS
Will Duncan 's Blog
2026/06/15
0 comments

Articles

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

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...
Title Insurance Protects More Than a Transaction. It Protects Property Rights
“Consumers shouldn't have to choose between affordability and protection. The strongest housing market is one that...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates reached another high point last week, with the 30-year conforming rate now at 6.69 percent, its hi...
MBA Announces CONVERGENCE® Baltimore
The Mortgage Bankers Association (MBA), in partnership with the CONVERGENCE Collaborative today announced the launch of ...
Multifamily Gains Lift Overall Starts Despite Single-Family Decline
Strong multifamily growth pushed overall housing starts higher in June, while single-family production remained sluggish...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.