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BACKGROUND SEARCH - LAWANDA  MCMILLIAN/AR
9/11/2006 4:14:53 PM (2321 views)

[+] Don't Ever Forget! - Kurt deVries/FL (6 replies)
9/11/2006 11:25:08 AM (2969 views)

[+] Title Camp in the Carolinas... - Robert Franco/OH (22 replies)
9/7/2006 1:54:59 PM (2898 views)

[-] SUBMIT COMPLAINT TO RESPA - Angelica Schneider/IN (23 replies)
9/6/2006 6:40:54 PM (3121 views)
Re: SUBMIT COMPLAINT TO RESPA - STEVE MEINECKE/VA
9/6/2006 8:46:20 PM (6177 views)
Re: SUBMIT COMPLAINT TO RESPA - Angelica Schneider/IN
9/6/2006 10:59:02 PM (4482 views)
Re: SUBMIT COMPLAINT TO RESPA - Robert Franco/OH
9/7/2006 11:53:00 AM (4604 views)
Re: SUBMIT COMPLAINT TO RESPA - Angelica Schneider/IN
9/7/2006 7:30:31 PM (4489 views)
Re: SUBMIT COMPLAINT TO RESPA - Scott Perry/PA
9/7/2006 8:42:05 PM (4333 views)
Re: SUBMIT COMPLAINT TO RESPA - Robert Franco/OH
9/8/2006 12:03:16 AM (4216 views)
Re: SUBMIT COMPLAINT TO RESPA - Kevin Ahern/CT
9/8/2006 7:04:48 AM (4171 views)
Re: SUBMIT COMPLAINT TO RESPA - Shannon Blatt/VA
9/10/2006 12:00:50 PM (4425 views)
Re: SUBMIT COMPLAINT TO RESPA - Kevin Ahern/CT
9/10/2006 12:21:48 PM (4305 views)
Re: SUBMIT COMPLAINT TO RESPA - Ricky Farrow/FL
9/10/2006 8:57:24 PM (4422 views)
Re: SUBMIT COMPLAINT TO RESPA - Angelica Schneider/IN
9/10/2006 10:51:13 PM (4236 views)
Re: SUBMIT COMPLAINT TO RESPA - Kevin Ahern/CT
9/11/2006 5:38:25 AM (4281 views)
Re: SUBMIT COMPLAINT TO RESPA - Ricky Farrow/FL
9/11/2006 9:30:17 AM (4136 views)
Re: SUBMIT COMPLAINT TO RESPA - Kevin Ahern/CT
9/11/2006 9:47:10 AM (4175 views)
Re: SUBMIT COMPLAINT TO RESPA - Ricky Farrow/FL
9/11/2006 11:55:49 AM (4365 views)
Re: SUBMIT COMPLAINT TO RESPA - Kevin Ahern/CT
9/11/2006 12:27:54 PM (4458 views)
Re: SUBMIT COMPLAINT TO RESPA - Robert Franco/OH
9/11/2006 12:28:28 PM (4490 views)
Re: SUBMIT COMPLAINT TO RESPA - Angelica Schneider/IN
9/11/2006 7:41:44 PM (4128 views)
Re: SUBMIT COMPLAINT TO RESPA - John Povejsil/MN
9/11/2006 9:57:37 AM (4399 views)

First, as Robert stated, RESPA is a consumer protection statute.  HUD has enough problems enforcing it with having it read to create new rights under RESPA for third-arty vendor claims that are nothing more than ordinary breaches of contract and/or collection cases.  On a different note, however, if a search was done which missed something that resulted in a claim, and was not paid for by the party affected, the search contractor has a strong defense.

Second, there seems to be a lot of nose-cutting in service of face-spiting on mark-ups.  In my area mark-ups are legal (8th Fed. Circuit).  Nonetheless, we don't merely mark-up, for example, our courier fees.  Instead, we charge a "title shipping service fee," which encompasses what we pay for overnight delivery, but also includes staff time to stuff the envelope, take it to a drop-off, following up on tracking deliveries where the addressee signed for the package but says s/he didn't get it*, shoveling out a box that was buried by a snow-plow, etc.  In short, we charge for work we actually do in shipping documents in addition to the outside-vendor cost.

The two areas which seem to be relevant to this list are independent search and signing contractors.  In my experience, the independents we use don't have any (or many) employees.  So if they're charging us above what they pay their own independents, are they submitting fraudulent invoices?  Furthermore, despite whatever E&O covergage our subs might have, chances are we have to cover any claims resulting from our reliance on them until we can collect from their insurer - that is, what their insurer's indemnity amounts to will be determined by how much my company owes our insured.

I certainly get annoyed when I am asked to reduce my company's fees when I see how much our mortgage broker "customer" (that is, the source of our work) is making on a transaction.  From a business perspective, however, it's literally not my business to question their fees, but rather to decide if what I'm getting paid on the transaction is worth my effort.

* Last Friday's amusing version - addressee asks us to deliver to her door, but says it wasn't delivered because she doesn't use her front door (where it was delivered).  Package had been sitting there for a week.

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Re: SUBMIT COMPLAINT TO RESPA - Candis Richter/NJ
9/11/2006 10:54:58 PM (4177 views)
Re: SUBMIT COMPLAINT TO RESPA - Kevin Ahern/CT
9/12/2006 7:04:39 AM (4232 views)
Re: SUBMIT COMPLAINT TO RESPA - Robert Franco/OH
9/12/2006 12:40:06 PM (4237 views)
Re: SUBMIT COMPLAINT TO RESPA - Candis Richter/NJ
9/12/2006 8:47:32 PM (4256 views)

[+] Title Services USA (NY) - Research Specialists/TX (3 replies)
9/6/2006 1:59:03 PM (3130 views)




[+] non payment - Laura McGuire/RI (8 replies)
9/5/2006 4:08:52 PM (3187 views)

[+] AFX Corp. Inc. - Jacqueline Costa/RI (4 replies)
9/5/2006 1:17:59 PM (3308 views)

[+] E & O insurance in GA - Leroy Lewis/GA (2 replies)
9/5/2006 11:46:28 AM (3079 views)

[+] District Clerk Speaks Out - David Bloys/TX (1 reply)
9/4/2006 10:47:27 PM (4175 views)

[+] Are you Concerned? - Jan Forster/NC (4 replies)
9/4/2006 9:36:46 AM (3060 views)

[+] E&O Insurance - Mary Ann Bridge/PA (14 replies)
9/3/2006 10:48:22 PM (3223 views)

[+] Zaba Search - Database - Jay Duncan/MO (4 replies)
9/3/2006 12:27:33 AM (5251 views)

[+] Fly the Flag - Jay Duncan/MO (1 reply)
9/2/2006 12:42:22 PM (2986 views)

[+] Anyone Else... - Kevin Ahern/CT (2 replies)
9/2/2006 10:35:48 AM (3043 views)

IN MEMORY OF BOB O'CONNOR - Scott Perry/PA
9/2/2006 9:54:33 AM (2571 views)


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