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[+] WARNING!!! OFF-TOPIC POST!!! READ AT YOUR OWN RISK!!!! - Scott Perry/PA (19 replies)
5/2/2006 4:46:19 PM (2922 views)

[+] House committee on Title Insurance - STEVE MEINECKE/VA (4 replies)
5/2/2006 4:13:45 PM (3769 views)

[+] e&o insurance - PAM DESMARAIS/NC (1 reply)
5/1/2006 2:13:03 PM (2667 views)

[+] In ignorance we trust . . . - Michaela Urban/OH (21 replies)
5/1/2006 10:58:37 AM (2793 views)

[+] Another Dumb Question... - Scott Perry/PA (4 replies)
4/30/2006 2:07:16 PM (2733 views)


Real Title Services


[+] prices - PAM DESMARAIS/NC (8 replies)
4/28/2006 8:31:08 PM (2783 views)

[+] Outsource to India??????? - Kevin Ahern/CT (8 replies)
4/26/2006 3:58:35 PM (2921 views)

[+] How do I setup in NJ - Mike/PA (1 reply)
4/24/2006 2:11:35 PM (2682 views)

[+] Our illustrious leaders at work..... - George Booth/OH (5 replies)
4/24/2006 9:40:34 AM (3773 views)

[+] Grantor/Grantee Indexes and mortgage releases - terry sutton/CT (4 replies)
4/22/2006 1:44:05 PM (3234 views)

[+] Education - J Nisonger/CA (2 replies)
4/19/2006 11:22:16 AM (3759 views)

[+] Renwal of SOT dues - STEVE MEINECKE/VA (1 reply)
4/17/2006 11:06:43 PM (2709 views)

[+] Title Problems up 11% from 2000 - Robert Franco/OH (8 replies)
4/17/2006 3:19:13 PM (2657 views)

[+] In Memory of Tom Kurzenberger - Pete Kisan/OH (3 replies)
4/17/2006 8:51:45 AM (4099 views)

[-] Abstracting Fees in 1973 - Robert Franco/OH (18 replies)
4/14/2006 12:12:20 PM (2796 views)
Re: Abstracting Fees in 1973 - STEVE MEINECKE/VA
4/14/2006 3:37:46 PM (3451 views)
Re: Abstracting Fees in 1973 - Douglas Gallant/OH
4/14/2006 5:49:09 PM (3396 views)
Re: Abstracting Fees in 1973 - STEVE MEINECKE/VA
4/14/2006 6:37:37 PM (3355 views)
Re: Abstracting Fees in 1973 - Lisa Ramsey/TX
4/14/2006 8:30:42 PM (3408 views)
Re: Abstracting Fees in 1973 - Robert Franco/OH
4/15/2006 12:39:55 PM (3358 views)
Re: Abstracting Fees in 1973 - Lisa Ramsey/TX
4/15/2006 3:30:14 PM (3310 views)
Re: Abstracting Fees in 1973 - Sanford Bleich/NY
4/17/2006 12:28:50 PM (3280 views)
Re: Abstracting Fees in 1973 - john franz/NJ
4/17/2006 3:07:53 PM (3303 views)
Re: Abstracting Fees in 1973 - Robert Franco/OH
4/17/2006 3:29:24 PM (3354 views)
Re: Abstracting Fees in 1973 - Shannon Finnessy/WI
4/17/2006 12:50:36 PM (3311 views)
Hardly a rant, Robert - Michael/KS
4/17/2006 2:39:29 PM (3390 views)
Re: Hardly a rant, Robert - Robert Franco/OH
4/17/2006 2:57:09 PM (3325 views)
Re: Abstracting Fees in 1973 - charles jetter/OH
4/17/2006 4:01:16 PM (3345 views)
Re: Abstracting Fees in 1973 - Kevin Ahern/CT
4/17/2006 4:04:00 PM (3356 views)
Re: Abstracting Fees in 1973 - Robert Franco/OH
4/17/2006 6:52:02 PM (3347 views)
Re: Abstracting Fees in 1973 - Matthew Sharpe/OH
4/17/2006 5:11:55 PM (3294 views)
Re: Abstracting Fees in 1973 - Danielle Nelson/WI
4/18/2006 3:01:39 PM (3360 views)
Re: Abstracting Fees in 1973 - Kevin Ahern/CT
4/19/2006 8:41:38 AM (3292 views)

Unfortunately this seems to be the direction in which this occupation is headed. Accuracy no longer appears to be part of the equation.With the current emphasis on speed, low ball price and disregard for accuracy it is going to become very difficult to compete with the on line searches offered by data miners, and many of the abstractors from the old school will fall by the wayside. It is indeed difficult to watch people who have been in this business for years struggle to compete against an inferior product.

When the dollar amount of claims outweighs the cost savings and alleged "technological advance" of the outsourced e- search I think sanity will eventually be restored. However, this could take years and numerous title insurance claims. Then again maybe this is the method to the madness. Perhaps the expense of the anticipated claims is figured into the underwriting risk. Seems similar to the auto industry with respect to the issue of whether it is cheaper to recall a defective make of auto or settle the potential claims as they present themselves.

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Title abstractors are using TitleTrackr as a powerful tool to compile their abstracts up to 90% faster, streamlining document analysis and report creation with AI-driven precision. To learn more visit https://titletrackr.com/...[more info]

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