If it could be offered to the lenders directly at a more competitive price, it may become attractive to them. Since the individual abstractors operate with a lower overhead their profit margin should be comfortable even when competitively priced.
In effect the lenders would be dealing directly with the abstractors (mini VM's) and bypassing the middlemen. In the case of the signing agents, this has already started to some degree during this slow down. As a result the signing services are feeling the pinch as many go out of business. Essentially, it is cheaper to deal directly with the signing agent than to go through a signing service , and have the signing service hire the signing agent. The signing agent gets his fee, and the lender saves the additional funds normally paid to the signing service.
It is simply a matter of the abstractors determining what services they want to provide in addition to abstracting...in some cases getting the proper training and licensing to provide the services (usually not too hard to do)... pricing the services accordingly...and expanding the scope of their marketing efforts to include lenders.
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