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[+] Synex Corporate Services - Kristi Lee/NE (3 replies)
10/23/2008 3:21:52 PM (4348 views)

[+] First Choice Title Services? - Lisa Dahlquist/NC (2 replies)
10/22/2008 2:22:00 PM (4463 views)

[+] modification companies - michael quinn/NY (5 replies)
10/21/2008 8:42:23 PM (4334 views)

[+] Work picking up? - Mandy Harmon/SC (1 reply)
10/21/2008 4:25:13 PM (4236 views)

[+] I am curious about other states. - Diane Cipa/PA (5 replies)
10/21/2008 11:57:54 AM (4163 views)




[+] A Look On The Bright Side - Scott Perry/PA (37 replies)
10/21/2008 12:11:44 AM (4184 views)

[+] Tax Sales & John Beck - Helene /GA (3 replies)
10/20/2008 10:47:46 PM (4526 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 (4497 views)

[+] Fax and Phone Vendors? - Debbie Thibodeaux/LA (9 replies)
10/18/2008 2:08:31 PM (4257 views)

[+] Input on Integration 4.0 - Debbie Thibodeaux/LA (1 reply)
10/18/2008 2:03:02 PM (3915 views)

[-] Leeches are still out there! - Kurt deVries/FL (10 replies)
10/17/2008 10:54:45 AM (4247 views)
Re: Leeches are still out there! - Kevin Ahern/CT
10/17/2008 12:43:44 PM (6032 views)
Re: Leeches are still out there! - Robert Franco/OH
10/17/2008 1:31:52 PM (6021 views)
Re: Leeches are still out there! - Kurt deVries/FL
10/17/2008 5:06:56 PM (5856 views)
Re: Leeches are still out there! - Kimberly Gray/AR
10/17/2008 1:55:00 PM (5861 views)
Re: Leeches are still out there! - Clanci Nelson/OH
10/17/2008 3:13:37 PM (5847 views)
Re: Leeches are still out there! - Robert Breakell/CT
10/17/2008 4:12:06 PM (5741 views)
Re: Leeches are still out there! - Jean Allen/NC
10/17/2008 5:13:04 PM (5859 views)
Re: Leeches are still out there! - ANTHONY MUZIO/NY
10/19/2008 11:06:32 AM (5787 views)
Re: Leeches are still out there! - Gary Capello/OH
10/27/2008 9:03:44 AM (5773 views)
Re: Leeches are still out there! - Miriam Rolles/IN
10/27/2008 1:08:45 PM (5445 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…
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[+] Social Security & DL info in recordings - Glenda Hodge/TN (4 replies)
10/16/2008 5:58:46 PM (3791 views)

[+] Washington Mutual Thief amoung us! - Miriam Shoaff/IN (5 replies)
10/16/2008 10:40:45 AM (5787 views)

[+] Government BailOut - Work???? - Scott Aduddell/MO (43 replies)
10/16/2008 10:03:06 AM (3868 views)

[+] Beware of Mid-Atlantic Title - Bruce Murch/VA (2 replies)
10/15/2008 10:20:46 PM (4234 views)


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