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 | show all replies



[+] I am curious about other states. - Diane Cipa/PA (5 replies)
10/21/2008 11:57:54 AM (4232 views)

[+] A Look On The Bright Side - Scott Perry/PA (37 replies)
10/21/2008 12:11:44 AM (4261 views)

[+] Tax Sales & John Beck - Helene /GA (3 replies)
10/20/2008 10:47:46 PM (4576 views)

[+] Can someone help with Infinity International Processing Services. They stopped payment on a check. - Angela Johnson/NC (13 replies)
10/20/2008 3:55:42 PM (4561 views)

[+] Fax and Phone Vendors? - Debbie Thibodeaux/LA (9 replies)
10/18/2008 2:08:31 PM (4330 views)




[+] Input on Integration 4.0 - Debbie Thibodeaux/LA (1 reply)
10/18/2008 2:03:02 PM (3960 views)

[-] Leeches are still out there! - Kurt deVries/FL (10 replies)
10/17/2008 10:54:45 AM (4304 views)
Re: Leeches are still out there! - Kevin Ahern/CT
10/17/2008 12:43:44 PM (6243 views)
Re: Leeches are still out there! - Robert Franco/OH
10/17/2008 1:31:52 PM (6252 views)
Re: Leeches are still out there! - Kurt deVries/FL
10/17/2008 5:06:56 PM (6096 views)
Re: Leeches are still out there! - Kimberly Gray/AR
10/17/2008 1:55:00 PM (6100 views)
Re: Leeches are still out there! - Clanci Nelson/OH
10/17/2008 3:13:37 PM (6103 views)
Re: Leeches are still out there! - Robert Breakell/CT
10/17/2008 4:12:06 PM (5972 views)
Re: Leeches are still out there! - Jean Allen/NC
10/17/2008 5:13:04 PM (6090 views)
Re: Leeches are still out there! - ANTHONY MUZIO/NY
10/19/2008 11:06:32 AM (6019 views)
Re: Leeches are still out there! - Gary Capello/OH
10/27/2008 9:03:44 AM (6017 views)
Re: Leeches are still out there! - Miriam Rolles/IN
10/27/2008 1:08:45 PM (5712 views)

 

 
My belief on this is that the abstractor may not be an independent abstractor...They may be an Abstract Company that hires in-house salary abstractors @ say $12 to 15 per hour...not per order like we do.
This type of searching company squashes out the independent researchers; because they have so much volume they are able to give quite a discounted price to the Title Company. 
I have been told - the Title Company / client is told they will only get the reduced discounted fees if they give them ALL of the counties that they do research in. 
So, if the Abstract Company that hires a SALARY employee to go into a county ALL day @ 12 to 15 dollars per hour; the daily cost is aprox. $96.00 to $120.00 a day. The Abstract Company covers - say 8 counties; and their salary searcher is in 2 or 3 counties everyday; & say they could get maybe 10 to 20 orders completed in a day...
Cost to the Abstract Company is aprox. $96.00 to $120.00 bucks. 
The Bill to the Title Company is $ 320.00 for 20 orders @$ 16.00. >  Or the more common rate is around $30 dollars per order...that is $600.00 per day .
$320.00 for 20 orders @$ 16.00 minus  - $120.00 is still a profit of 200 dollars a day for the Searching Company based on that one Salary researcher. So if they have more than say - even 4 on staff.  We independents will continue to fight this losing battle with our pricing.
 
Maybe I’m wrong but you do the math…
I continue to have faith that if you do a good job, have outstanding customer service and your client knows you care about their needs - they eventually will come back.
Most large searching companies don’t train their Abstractors well - they train them too quickly and the Carpetbaggers will screw up , cause their client a lien and you will be getting a call back because they miss your exceptional service…
to post a reply: login - or - register



[+] Social Security & DL info in recordings - Glenda Hodge/TN (4 replies)
10/16/2008 5:58:46 PM (3851 views)

[+] Washington Mutual Thief amoung us! - Miriam Shoaff/IN (5 replies)
10/16/2008 10:40:45 AM (5841 views)

[+] Government BailOut - Work???? - Scott Aduddell/MO (43 replies)
10/16/2008 10:03:06 AM (3928 views)

[+] Beware of Mid-Atlantic Title - Bruce Murch/VA (2 replies)
10/15/2008 10:20:46 PM (4283 views)

[+] Can we file liens? - Kurt deVries/FL (1 reply)
10/15/2008 10:09:00 AM (4072 views)

[+] Pro Title - Barbara Kelley/PA (3 replies)
10/15/2008 8:32:12 AM (4184 views)

[+] Oil&Gas-Mineral - Kevin Curtiss/AL (2 replies)
10/14/2008 8:32:34 PM (3967 views)

[+] Freedom Search & Settlement, PA - JOSEPH EMERSON/MN (3 replies)
10/14/2008 3:50:43 PM (4970 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.

MISMO to Launch FRAME Interactive Workshop, Put AI Governance into Practice
"Everyone is trying to figure out how to use AI effectively, but just as importantly, how to do it responsibly," said MI...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Following last week’s spike in oil prices, mortgage rates moved higher, with the 30-year fixed rate increas...
Foreign Buyers Purchased $45.3 Billion Worth of U.S. Homes from April '25 to March '26
“The decline in foreign home buyer activity mirrors the decline in international visitors and tourists to the Unit...
Second Century Ventures Announces 8 Companies for 2026 REACH Commercial Scale-Up Program
Second Century Ventures, the strategic investment arm of the National Association of REALTORS® and the most active ...
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...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.