AbstractorPro (Real Title Services)
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



[+] Search Fees - Jan Forster/NC (4 replies)
4/2/2007 12:43:49 PM (2828 views)

[+] Help with cancelled files - Jennifer Farrer/VA (2 replies)
4/2/2007 12:41:43 PM (2812 views)

[+] US Title Solutions fka US Title Search - JOSEPH MARTINEZ/NM (11 replies)
4/2/2007 12:38:04 PM (3076 views)

[+] Ohio Law Mandates Statewide Changes Concering Public Record - Jay Duncan/MO (9 replies)
3/30/2007 4:08:30 PM (2822 views)

[+] PAYING FOR SEARCH WORK - Ron Gindin/PA (9 replies)
3/29/2007 6:23:25 PM (3163 views)


Real Title Services


[+] US LAND TITLE - Ecenteno/NV (4 replies)
3/29/2007 2:15:17 PM (2950 views)

[-] Are you Educated on the Possibilities of Technology? - Kyle Steele/FL (4 replies)
3/29/2007 1:32:40 PM (2781 views)
Re: Are you Educated on the Possibilities of Technology? - Patrick Scott/IL
3/29/2007 2:19:28 PM (3865 views)
Re: Are you Educated on the Possibilities of Technology? - Kyle Steele/FL
3/29/2007 3:13:14 PM (3927 views)

Thank you Patrick for your response and statements. I really didn't feel the need to disclose why I'm not in the business anymore but I'm more than happy to address your statements. 

First, My Title company is a family run business that still operates, today, on the same structure that I created for it prior to my departure into the software arena. My company once had 3 employees and now we employee 14 in a sick Michigan Real Estate market. Further, because of our strategic shift, we were able to move the business from mortgage brokers with unstable sub prime business, to national banks and developers. Currently we have 3 active banking relationships (1 residential retail and 2 commercial) with banks with more than 56 billion in assets. Through the usage of technology, we were able to compete because of our technology infrastructure. In conclusion, let's just say that my family situation supports my investment in time and money into other industries.

Second, my purpose was not to endear myself to your community but to have honest dialog with this community about technology and it's impact on your industry. Yes, I outsourced search work to India and technology allowed me to do it. Was it a good idea at the time? Court is still out on that. Am I still doing it now? No. Does some hybrid of having search work done in-house and oversees make sense? Yes! Why? Because when I have to successfully compete with the guy down the street and my clients (Banks, Real Estate agents, Developers and Mortgage companies) expect fast turn around time from me, I have to find a way to make it happen. Theoretically, I could have an Abstractor in-house working 8 hours a day and when I shut my doors at 5pm, have my overseas Abstractor plug into my system and perform search work at night when everyone is asleep in the Midwest (Virtual 24 hour office). So my question to you Patrick is: Can you or your fellow Abstractors provide me with the same benefit? I would guess the answer is: YES. What prevents you from plug into a title companies systems at night, abstract their fills, type the commitments and shove them back into the title companies systems for access, by them, the next morning? Technology is the only vehicle to accomplish this idea. You could call it: “Patrick’s After-hours Abstracting Services.”

In conclusion, I want people to think out of the box and squarely. I can't accomplish this goal by being deceptive in describing my methods of increasing revenue for my stakeholders. Nor do I help you by not telling you about what’s going on in the minds of title owners and within the market place. This is the world we live in today and if I can help you “square up” and harness technology to grow your business and compete - great!

PS.  I meant "down time" not "down town." I can see that you are an excellent abstractor – catching all the little details!

to post a reply: login - or - register


Re: Are you Educated on the Possibilities of Technology? - Patrick Scott/IL
3/29/2007 10:22:38 PM (3878 views)
Re: Are you Educated on the Possibilities of Technology? - Robert Franco/OH
3/30/2007 7:48:26 PM (4122 views)

[+] Mortgage Sats from out of business lenders! HELP - Shannon Finnessy/WI (7 replies)
3/28/2007 5:28:51 PM (2922 views)

[+] Ads... - Robert Franco/OH (3 replies)
3/28/2007 11:38:21 AM (2703 views)

[+] Whats the Difference? - Robert Delli-Veneri/FL (15 replies)
3/28/2007 9:48:55 AM (2808 views)

[+] Scanning Software - Glenda Hodge/TN (4 replies)
3/27/2007 8:32:31 PM (2615 views)

[+] Reliable Property Reports - Lynn Hammett/SC (2 replies)
3/27/2007 4:54:23 PM (2758 views)

[+] Lenders Services Direct ??? - george Hubka/MI (7 replies)
3/26/2007 5:44:03 PM (2837 views)

[+] National Deed Service could face investigation - David Bloys/TX (1 reply)
3/23/2007 8:19:07 PM (3696 views)

[+] Resource Confidential - Annette Dorty/PA (20 replies)
3/22/2007 3:44:24 PM (2810 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.
Rockwood Programs, Inc.
Directory

The Source of Title Business directory has 8932 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:

Unique Aspects of Title Search in Virginia
Security American's Blog
2024/07/08
1 comments

National Settlement Services Summit NS3 - 2024
Denise. Williams.'s Blog
2024/06/30
0 comments

Unveiling the Costs: Why Commercial Title Searches Command a Premium
Security American's Blog
2024/04/17
0 comments

Articles

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

National Association of Realtors® Announces New "Consumer Guide" Series
“At the heart of what we do as Realtors® – who abide by a strict code of ethics – is protect and ...
Existing-Home Sales Dipped 2.5% in August
“Home sales were disappointing again in August, but the recent development of lower mortgage rates coupled with in...
CertifID Announces Expansion of Insurance to Address Escalating Risk of Wire Fraud
CertifID, a leader in wire fraud protection, announced up to $2 million in direct, first-party insurance coverage on eve...
FOMC Commentary from MBA's Mike Fratantoni
“The FOMC lowered rates by 50 basis points at its September meeting and signaled that this is the first cut in a s...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Application activity was up significantly last week, as market expectations of a rate cut from the Fed pulled mor...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.