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[+] My Article was Published in FortBendNow News - Lisa Ramsey/TX (4 replies)
3/1/2006 12:19:58 PM (3746 views)

Just Too Good Not to Share - Lisa Ramsey/TX
3/1/2006 12:16:57 PM (2066 views)

[+] Is the industry really threatened? This may help some of you.... - Jason Sheppard/PA (4 replies)
2/28/2006 11:10:27 PM (2385 views)

[+] Looks as though others in the industry are feeling threatened... - Jarrod Clabaugh/OH (1 reply)
2/28/2006 4:20:42 PM (3878 views)

[+] A New Low for Scammers - Jay Duncan/MO (2 replies)
2/28/2006 1:08:09 PM (2568 views)




[+] Just a thought - Kevin Ahern/CT (6 replies)
2/28/2006 11:39:18 AM (2499 views)

[+] Clear Choice Abstracts - Sandra Morton/KS (4 replies)
2/27/2006 4:07:57 PM (2845 views)

[-] A Post That Many of You Won't Like - Jason Sheppard/PA (49 replies)
2/25/2006 6:22:18 PM (4106 views)
Re: A Post That Many of You Won't Like - Scott Perry/PA
2/25/2006 7:11:26 PM (3730 views)
Re: A Post That Many of You Won't Like - James "Lin" Toney/MS
2/25/2006 7:36:11 PM (3861 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/26/2006 6:45:16 AM (3951 views)
Re: A Post That Many of You Won't Like - James "Lin" Toney/MS
2/26/2006 8:25:34 AM (3757 views)
Re: A Post That Many of You Won't Like - Loretta Reed/MD
2/26/2006 10:02:32 AM (3777 views)
Re: A Post That Many of You Won't Like - STEVE MEINECKE/VA
2/26/2006 12:50:42 PM (3783 views)
Re: A Post That Many of You Won't Like - Loretta Reed/MD
2/26/2006 1:16:55 PM (3780 views)
Re: A Post That Many of You Won't Like - STEVE MEINECKE/VA
2/26/2006 1:25:12 PM (3942 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/27/2006 7:54:19 AM (3867 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/27/2006 9:13:53 AM (3797 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 (3658 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
2/27/2006 10:33:25 AM (3673 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
2/27/2006 10:45:25 AM (3669 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/27/2006 10:50:39 AM (3675 views)
Re: A Post That Many of You Won't Like - Scott Perry/PA
2/27/2006 11:16:58 AM (3763 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/27/2006 11:25:47 AM (3633 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/27/2006 11:19:56 AM (3628 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/27/2006 5:31:37 PM (3594 views)
Re: A Post That Many of You Won't Like - Ellen Malloy/MO
2/27/2006 12:11:27 PM (3552 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/27/2006 12:28:09 PM (3726 views)
Re: A Post That Many of You Won't Like - George Booth/OH
2/28/2006 1:41:56 PM (3831 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
2/28/2006 1:51:42 PM (3658 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
2/28/2006 2:01:06 PM (3879 views)
Re: A Post That Many of You Won't Like - George Booth/OH
2/28/2006 2:11:36 PM (4211 views)
Re: A Post That Many of You Won't Like - Barbara Bennett/IN
2/28/2006 3:32:28 PM (3666 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/28/2006 3:42:18 PM (3530 views)
Re: A Post That Many of You Won't Like - Barbara Bennett/IN
2/28/2006 4:26:23 PM (3560 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
2/28/2006 4:38:05 PM (3570 views)
Re: A Post That Many of You Won't Like - Barbara Bennett/IN
2/28/2006 4:51:52 PM (3554 views)
Re: A Post That Many of You Won't Like - Robert Breakell/CT
2/28/2006 6:20:25 PM (3647 views)
Re: A Post That Many of You Won't Like - Lisa Ramsey/TX
2/28/2006 6:26:00 PM (3424 views)
Re: A Post That Many of You Won't Like - Barbara Bennett/IN
2/28/2006 7:19:46 PM (3338 views)
Re: A Post That Many of You Won't Like - George Booth/OH
2/28/2006 6:45:22 PM (3656 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
3/1/2006 7:16:08 AM (3423 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
3/1/2006 10:46:02 AM (3341 views)
Re: A Post That Many of You Won't Like - Ellen Malloy/MO
3/1/2006 9:50:23 AM (3295 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
3/1/2006 11:07:03 AM (3286 views)
Re: A Post That Many of You Won't Like - J Nisonger/CA
3/4/2006 5:56:33 PM (3247 views)
Re: A Post That Many of You Won't Like - George Booth/OH
3/7/2006 11:43:56 AM (3421 views)
Re: A Post That Many of You Won't Like - J Nisonger/CA
3/7/2006 12:27:51 PM (3349 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
3/7/2006 1:27:23 PM (3341 views)
Re: A Post That Many of You Won't Like - J Nisonger/CA
3/7/2006 6:25:07 PM (3160 views)
Re: A Post That Many of You Won't Like - Scott Perry/PA
3/7/2006 7:57:51 PM (3320 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
3/7/2006 11:00:40 PM (3532 views)
Re: A Post That Many of You Won't Like - Scott Perry/PA
3/7/2006 11:34:02 PM (3140 views)
Re: A Post That Many of You Won't Like - Robert Franco/OH
3/8/2006 11:18:12 AM (3203 views)
Re: A Post That Many of You Won't Like - Jason Sheppard/PA
3/8/2006 12:16:45 PM (3109 views)
Re: A Post That Many of You Won't Like - Kevin Ahern/CT
3/8/2006 12:38:28 PM (3343 views)
Re: A Post That Many of You Won't Like - George Booth/OH
3/9/2006 7:49:05 PM (3229 views)

[+] DOES ANYONE KNOW ABSTRACT, USA - Angelica Schneider/IN (4 replies)
2/24/2006 7:38:33 PM (2618 views)

NE REAL ESTATE SERVICES - Paul Hughes/RI
2/24/2006 5:06:01 PM (2013 views)

www.naltea.org will be moving also - Jay Duncan/MO
2/24/2006 3:27:15 PM (2020 views)

sourceoftitle.com being moved to new servers - Slade Smith/OH
2/24/2006 2:49:44 PM (2016 views)

[+] In Response to My Name and TruClose - Jason Sheppard/PA (4 replies)
2/24/2006 10:07:46 AM (3836 views)

[+] It's Just Too Bad - J.T. Shoemaker/NY (16 replies)
2/23/2006 10:24:07 PM (2743 views)

[+] Calling all desperate abstractors - Wendi See/SC (17 replies)
2/23/2006 6:13:53 PM (4068 views)


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