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[+] Is the industry really threatened? This may help some of you.... - Jason Sheppard/PA (4 replies)
2/28/2006 11:10:27 PM (2272 views)

[+] Looks as though others in the industry are feeling threatened... - Jarrod Clabaugh/OH (1 reply)
2/28/2006 4:20:42 PM (3734 views)

[+] A New Low for Scammers - Jay Duncan/MO (2 replies)
2/28/2006 1:08:09 PM (2462 views)

[+] Just a thought - Kevin Ahern/CT (6 replies)
2/28/2006 11:39:18 AM (2370 views)

[+] Clear Choice Abstracts - Sandra Morton/KS (4 replies)
2/27/2006 4:07:57 PM (2660 views)




[-] A Post That Many of You Won't Like - Jason Sheppard/PA (49 replies)
2/25/2006 6:22:18 PM (3947 views)
Re: A Post That Many of You Won't Like - Scott Perry/PA
2/25/2006 7:11:26 PM (3232 views)
Re: A Post That Many of You Won't Like - James "Lin" Toney/MS
2/25/2006 7:36:11 PM (3295 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/26/2006 6:45:16 AM (3429 views)
Re: A Post That Many of You Won't Like - James "Lin" Toney/MS
2/26/2006 8:25:34 AM (3216 views)
Re: A Post That Many of You Won't Like - Loretta Reed/MD
2/26/2006 10:02:32 AM (3252 views)
Re: A Post That Many of You Won't Like - STEVE MEINECKE/VA
2/26/2006 12:50:42 PM (3278 views)
Re: A Post That Many of You Won't Like - Loretta Reed/MD
2/26/2006 1:16:55 PM (3251 views)
Re: A Post That Many of You Won't Like - STEVE MEINECKE/VA
2/26/2006 1:25:12 PM (3379 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/27/2006 7:54:19 AM (3309 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/27/2006 9:13:53 AM (3263 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 (3161 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
2/27/2006 10:33:25 AM (3160 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
2/27/2006 10:45:25 AM (3133 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/27/2006 10:50:39 AM (3146 views)
Re: A Post That Many of You Won't Like - Scott Perry/PA
2/27/2006 11:16:58 AM (3218 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/27/2006 11:25:47 AM (3109 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/27/2006 11:19:56 AM (3134 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/27/2006 5:31:37 PM (3080 views)
Re: A Post That Many of You Won't Like - Ellen Malloy/MO
2/27/2006 12:11:27 PM (3030 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/27/2006 12:28:09 PM (3201 views)
Re: A Post That Many of You Won't Like - George Booth/OH
2/28/2006 1:41:56 PM (3273 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
2/28/2006 1:51:42 PM (3111 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/28/2006 2:01:06 PM (3252 views)
Re: A Post That Many of You Won't Like - George Booth/OH
2/28/2006 2:11:36 PM (3574 views)
Re: A Post That Many of You Won't Like - Barbara Bennett/IN
2/28/2006 3:32:28 PM (3149 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/28/2006 3:42:18 PM (3051 views)
Re: A Post That Many of You Won't Like - Barbara Bennett/IN
2/28/2006 4:26:23 PM (3030 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/28/2006 4:38:05 PM (3013 views)
Re: A Post That Many of You Won't Like - Barbara Bennett/IN
2/28/2006 4:51:52 PM (3045 views)
Re: A Post That Many of You Won't Like - Robert Breakell/CT
2/28/2006 6:20:25 PM (3116 views)
Re: A Post That Many of You Won't Like - Lisa Ramsey/TX
2/28/2006 6:26:00 PM (2929 views)
Re: A Post That Many of You Won't Like - Barbara Bennett/IN
2/28/2006 7:19:46 PM (2829 views)
Re: A Post That Many of You Won't Like - George Booth/OH
2/28/2006 6:45:22 PM (3091 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
3/1/2006 7:16:08 AM (2919 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
3/1/2006 10:46:02 AM (2832 views)
Re: A Post That Many of You Won't Like - Ellen Malloy/MO
3/1/2006 9:50:23 AM (2792 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
3/1/2006 11:07:03 AM (2772 views)
Re: A Post That Many of You Won't Like - J Nisonger/CA
3/4/2006 5:56:33 PM (2746 views)
Re: A Post That Many of You Won't Like - George Booth/OH
3/7/2006 11:43:56 AM (2857 views)
Re: A Post That Many of You Won't Like - J Nisonger/CA
3/7/2006 12:27:51 PM (2805 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
3/7/2006 1:27:23 PM (2786 views)
Re: A Post That Many of You Won't Like - J Nisonger/CA
3/7/2006 6:25:07 PM (2656 views)
Re: A Post That Many of You Won't Like - Scott Perry/PA
3/7/2006 7:57:51 PM (2750 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
3/7/2006 11:00:40 PM (2940 views)
Re: A Post That Many of You Won't Like - Scott Perry/PA
3/7/2006 11:34:02 PM (2619 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
3/8/2006 11:18:12 AM (2685 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
3/8/2006 12:16:45 PM (2619 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
3/8/2006 12:38:28 PM (2786 views)
Re: A Post That Many of You Won't Like - George Booth/OH
3/9/2006 7:49:05 PM (2720 views)

[+] DOES ANYONE KNOW ABSTRACT, USA - Angelica Schneider/IN (4 replies)
2/24/2006 7:38:33 PM (2474 views)

NE REAL ESTATE SERVICES - Paul Hughes/RI
2/24/2006 5:06:01 PM (1903 views)

www.naltea.org will be moving also - Jay Duncan/MO
2/24/2006 3:27:15 PM (1897 views)

sourceoftitle.com being moved to new servers - Slade Smith/OH
2/24/2006 2:49:44 PM (1897 views)

[+] In Response to My Name and TruClose - Jason Sheppard/PA (4 replies)
2/24/2006 10:07:46 AM (3650 views)

[+] It's Just Too Bad - J.T. Shoemaker/NY (16 replies)
2/23/2006 10:24:07 PM (2642 views)

[+] Calling all desperate abstractors - Wendi See/SC (17 replies)
2/23/2006 6:13:53 PM (3926 views)

[+] Please Pray!!! - Jay Duncan/MO (6 replies)
2/23/2006 5:40:51 PM (2402 views)

[+] AM I WRONG? - Diane Rodriguez/CA (6 replies)
2/23/2006 12:24:31 PM (2475 views)


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