Here is the link for the House committee for this alleged "investigation"
http://financialservices.house.gov/News.asp?FormMode=release&ID=787
I am wondering how we, as lowly title examiners, are going to be able to wrench the title insurance premiums that the real estate companies, lawyers, settlement companies, builders, lenders and anyone else that already has a tight grip on that portion of the settlement process to be asked to relinquish that and not put up a fight? I do believe we all need to market ourselves as title examiners/title agents and then we will get the just rewards, but again- we don't have the controlling hand in this. Those agents have gotten pretty used to raking in big bucks for very little work and will be hard to get them to let go.Enlighten me how we can accomplish that?
I prefer to envision a more efficient means of processing and completing the titles I am requested to perform, working a process that streamlines the entire process of doing what we do, that way we can increase our bottom line and not work as hard at the same time. The online systems always take a beating on here for disclosing sensitive or what could be considered private information, we might just consider that they are the way of the future and work for a more secure and safe method of doing just that. The information is public no matter where you get to view it, but I do agree it should not be available to just anyone online and the respective clerks need to have the morals to be sure they are not selling their residents out by wholesale distributing of documents,and it can be done, we have a safe system in Northern Virginia that works very well, and I also believe access should be limited to US citizens . That in itself would put a damper on outsourcing to the cheap laborers that so many big companies seem to be enjoying and encouraging so they can reap the extra saving for themselves at the expense of the US citizens that have been providing these services for ever up till now. It sure does look like the big title companies that are outsourcing don't have any respect for the US worker either, just the extra money that they will make by selling us out to the others that don't even know what or how to do what they are doing, Most are working off faked title plants anyway- maybe they will have to pay those extra earnings out in claims in a few years, how will the stock holders feel about their performance then?
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