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[+] CMS/ACCUDATA SEARCH - out-of -business - Patty/NJ (2 replies)
3/1/2006 12:42:07 PM (3724 views)

[+] Medicaid Liens - Robert Franco/OH (6 replies)
3/1/2006 12:23:46 PM (2483 views)

[+] My Article was Published in FortBendNow News - Lisa Ramsey/TX (4 replies)
3/1/2006 12:19:58 PM (3406 views)

Just Too Good Not to Share - Lisa Ramsey/TX
3/1/2006 12:16:57 PM (1796 views)

[+] Is the industry really threatened? This may help some of you.... - Jason Sheppard/PA (4 replies)
2/28/2006 11:10:27 PM (2110 views)




[+] Looks as though others in the industry are feeling threatened... - Jarrod Clabaugh/OH (1 reply)
2/28/2006 4:20:42 PM (3518 views)

[+] A New Low for Scammers - Jay Duncan/MO (2 replies)
2/28/2006 1:08:09 PM (2276 views)

[+] Just a thought - Kevin Ahern/CT (6 replies)
2/28/2006 11:39:18 AM (2175 views)

[+] Clear Choice Abstracts - Sandra Morton/KS (4 replies)
2/27/2006 4:07:57 PM (2491 views)

[-] A Post That Many of You Won't Like - Jason Sheppard/PA (49 replies)
2/25/2006 6:22:18 PM (3716 views)
Re: A Post That Many of You Won't Like - Scott Perry/PA
2/25/2006 7:11:26 PM (2790 views)
Re: A Post That Many of You Won't Like - James "Lin" Toney/MS
2/25/2006 7:36:11 PM (2824 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/26/2006 6:45:16 AM (3003 views)
Re: A Post That Many of You Won't Like - James "Lin" Toney/MS
2/26/2006 8:25:34 AM (2735 views)
Re: A Post That Many of You Won't Like - Loretta Reed/MD
2/26/2006 10:02:32 AM (2790 views)
Re: A Post That Many of You Won't Like - STEVE MEINECKE/VA
2/26/2006 12:50:42 PM (2786 views)
Re: A Post That Many of You Won't Like - Loretta Reed/MD
2/26/2006 1:16:55 PM (2789 views)
Re: A Post That Many of You Won't Like - STEVE MEINECKE/VA
2/26/2006 1:25:12 PM (2884 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/27/2006 7:54:19 AM (2867 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/27/2006 9:13:53 AM (2787 views)

Jason,

I really think it has gone past the point of brainstorming.  Abstracting has become a dying occupation. The major title insurers and title/escrow companies which are able to outsource or rely on electronic title plants have already written the abstractor off. Many of them have huge libraries of backtitles that they need only update, and if they can accomplish this through cheap labor in India and availability of online records they will do so. Look at First American's stated intent to aggresively outsource to their Indian operation. The wisdom of this seems odd in view of this month's claims chronicle disaster in which it had to pay a huge claim resulting from an error in retrieving information from an electronic title plant, but that does not seem to dampen their fervor. The work assigned to abstractors will be relegated to performing searches of properties for which there is no backtitle or for which their is no online information, and as soon as the abstractor completes the search the client will have the backtitle for future use. As it becomes possible the image the documents on line, assignments for document retrieval will also become less. Essentially the abstractors will wind up struggling among themselves for an ever declining volume of crumbs. Prices and volume of work will decline accordingly.

With respect to those companies that do not have the ability to outsource or use title plants, there may be some that deal equitably with the abstractors, but as we have already seen there are many which abstractors will have to chase for payment. The outlook for the occupation is not good.

Attempts have been made at brainstorming over the past eighteen months. It generated little interest. Naltea even tried to generate interest in increasing its membership to improve the situation, but I am left with the impression that there has been difficulty. There appear to to be two main reasons for the lack of interest...apathy and financial hardship. Those abstractors that have not yet experienced the problems created by outsourcing and electronic title plants have maintained a comfortable position, and see no reason to make any change in the status quo. In time however, the problems will become industry wide and engulf them also. The other side of the coin are those abstractors that are losing business to this system, and do not have the financial ability to participate in any remedial action.

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Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/27/2006 9:58:11 AM (2687 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
2/27/2006 10:33:25 AM (2672 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
2/27/2006 10:45:25 AM (2665 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/27/2006 10:50:39 AM (2675 views)
Re: A Post That Many of You Won't Like - Scott Perry/PA
2/27/2006 11:16:58 AM (2762 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/27/2006 11:25:47 AM (2686 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/27/2006 11:19:56 AM (2689 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/27/2006 5:31:37 PM (2619 views)
Re: A Post That Many of You Won't Like - Ellen Malloy/MO
2/27/2006 12:11:27 PM (2595 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/27/2006 12:28:09 PM (2697 views)
Re: A Post That Many of You Won't Like - George Booth/OH
2/28/2006 1:41:56 PM (2782 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
2/28/2006 1:51:42 PM (2647 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/28/2006 2:01:06 PM (2805 views)
Re: A Post That Many of You Won't Like - George Booth/OH
2/28/2006 2:11:36 PM (3018 views)
Re: A Post That Many of You Won't Like - Barbara Bennett/IN
2/28/2006 3:32:28 PM (2706 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/28/2006 3:42:18 PM (2622 views)
Re: A Post That Many of You Won't Like - Barbara Bennett/IN
2/28/2006 4:26:23 PM (2588 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/28/2006 4:38:05 PM (2560 views)
Re: A Post That Many of You Won't Like - Barbara Bennett/IN
2/28/2006 4:51:52 PM (2596 views)
Re: A Post That Many of You Won't Like - Robert Breakell/CT
2/28/2006 6:20:25 PM (2640 views)
Re: A Post That Many of You Won't Like - Lisa Ramsey/TX
2/28/2006 6:26:00 PM (2499 views)
Re: A Post That Many of You Won't Like - Barbara Bennett/IN
2/28/2006 7:19:46 PM (2368 views)
Re: A Post That Many of You Won't Like - George Booth/OH
2/28/2006 6:45:22 PM (2610 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
3/1/2006 7:16:08 AM (2455 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
3/1/2006 10:46:02 AM (2382 views)
Re: A Post That Many of You Won't Like - Ellen Malloy/MO
3/1/2006 9:50:23 AM (2309 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
3/1/2006 11:07:03 AM (2301 views)
Re: A Post That Many of You Won't Like - J Nisonger/CA
3/4/2006 5:56:33 PM (2322 views)
Re: A Post That Many of You Won't Like - George Booth/OH
3/7/2006 11:43:56 AM (2389 views)
Re: A Post That Many of You Won't Like - J Nisonger/CA
3/7/2006 12:27:51 PM (2364 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
3/7/2006 1:27:23 PM (2340 views)
Re: A Post That Many of You Won't Like - J Nisonger/CA
3/7/2006 6:25:07 PM (2209 views)
Re: A Post That Many of You Won't Like - Scott Perry/PA
3/7/2006 7:57:51 PM (2259 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
3/7/2006 11:00:40 PM (2459 views)
Re: A Post That Many of You Won't Like - Scott Perry/PA
3/7/2006 11:34:02 PM (2169 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
3/8/2006 11:18:12 AM (2242 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
3/8/2006 12:16:45 PM (2178 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
3/8/2006 12:38:28 PM (2335 views)
Re: A Post That Many of You Won't Like - George Booth/OH
3/9/2006 7:49:05 PM (2215 views)

[+] DOES ANYONE KNOW ABSTRACT, USA - Angelica Schneider/IN (4 replies)
2/24/2006 7:38:33 PM (2277 views)

NE REAL ESTATE SERVICES - Paul Hughes/RI
2/24/2006 5:06:01 PM (1780 views)

www.naltea.org will be moving also - Jay Duncan/MO
2/24/2006 3:27:15 PM (1751 views)

sourceoftitle.com being moved to new servers - Slade Smith/OH
2/24/2006 2:49:44 PM (1772 views)

[+] In Response to My Name and TruClose - Jason Sheppard/PA (4 replies)
2/24/2006 10:07:46 AM (3385 views)


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