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



[+] Anyone heard that Archer Land Title Closed their doors? - Lisa Dahlquist/NC (3 replies)
10/24/2008 1:39:15 PM (4377 views)

[+] Abstracts USA, Rockville, MD - Edward Huguenin/SC (12 replies)
10/24/2008 10:07:31 AM (4665 views)

[+] Synex Corporate Services - Kristi Lee/NE (3 replies)
10/23/2008 3:21:52 PM (4361 views)

[+] First Choice Title Services? - Lisa Dahlquist/NC (2 replies)
10/22/2008 2:22:00 PM (4472 views)

[+] modification companies - michael quinn/NY (5 replies)
10/21/2008 8:42:23 PM (4346 views)




[+] Work picking up? - Mandy Harmon/SC (1 reply)
10/21/2008 4:25:13 PM (4242 views)

[+] I am curious about other states. - Diane Cipa/PA (5 replies)
10/21/2008 11:57:54 AM (4172 views)

[+] A Look On The Bright Side - Scott Perry/PA (37 replies)
10/21/2008 12:11:44 AM (4189 views)

[+] Tax Sales & John Beck - Helene /GA (3 replies)
10/20/2008 10:47:46 PM (4532 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 (4505 views)

[+] Fax and Phone Vendors? - Debbie Thibodeaux/LA (9 replies)
10/18/2008 2:08:31 PM (4262 views)

[+] Input on Integration 4.0 - Debbie Thibodeaux/LA (1 reply)
10/18/2008 2:03:02 PM (3921 views)

[-] Leeches are still out there! - Kurt deVries/FL (10 replies)
10/17/2008 10:54:45 AM (4253 views)
Re: Leeches are still out there! - Kevin Ahern/CT
10/17/2008 12:43:44 PM (6046 views)
Re: Leeches are still out there! - Robert Franco/OH
10/17/2008 1:31:52 PM (6032 views)
Re: Leeches are still out there! - Kurt deVries/FL
10/17/2008 5:06:56 PM (5873 views)
Re: Leeches are still out there! - Kimberly Gray/AR
10/17/2008 1:55:00 PM (5877 views)
Re: Leeches are still out there! - Clanci Nelson/OH
10/17/2008 3:13:37 PM (5866 views)
Re: Leeches are still out there! - Robert Breakell/CT
10/17/2008 4:12:06 PM (5755 views)
Re: Leeches are still out there! - Jean Allen/NC
10/17/2008 5:13:04 PM (5873 views)
Re: Leeches are still out there! - ANTHONY MUZIO/NY
10/19/2008 11:06:32 AM (5803 views)
Re: Leeches are still out there! - Gary Capello/OH
10/27/2008 9:03:44 AM (5808 views)
Re: Leeches are still out there! - Miriam Rolles/IN
10/27/2008 1:08:45 PM (5473 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 (3795 views)

[+] Washington Mutual Thief amoung us! - Miriam Shoaff/IN (5 replies)
10/16/2008 10:40:45 AM (5790 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 8973 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:

What Is Title Insurance & Benefits
Michael Stelzer's Blog
2026/03/14
0 comments

The Source of Title - Part I: Freedom Written, Freedom Insured
Ben DuBay's Blog
2026/02/15
0 comments

Shared Driveway Agreements
Marissa Berends's Blog
2025/12/10
0 comments

Articles

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

MBA Statement on FHFA, HUD Announcement on Credit Score Modernization
“MBA has long advocated for greater competition in the credit reporting and scoring space. Today’s announcem...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates declined last week as financial markets responded positively to the Middle East ceasefire and the ...
NAR Pending Home Sales Report Shows 1.5% Increase in March
“Contract signings rose in March despite higher mortgage rates, pointing to pent-up housing demand,” said NA...
ALTA, Land Title Association of Colorado and AARP Applaud Attorney General Phil Weiser for Action Protecting Homeowners from Unfair MV Realty Contracts
The American Land Title Association, the Land Title Association of Colorado and AARP today commended Colorado Attorney G...
More Young Adults Interested in the Construction Trades, but Challenges Persist
“While this new research shows that more young adults have a positive attitude toward a career in the construction...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.