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VM Co. verses National Abstractor Co. - Austin Whitaker/NJ
1/5/2006 10:09:44 PM (1935 views)

CONTACT NUMBER - Austin Whitaker/NJ
1/5/2006 6:50:08 PM (2312 views)
Re: CONTACT NUMBER - Jay Duncan/MO
1/5/2006 7:05:40 PM (2926 views)
Re: CONTACT NUMBER - Austin Whitaker/NJ
1/5/2006 7:28:21 PM (2839 views)

Conference Transportation - Ximena Vargas/NY
1/5/2006 5:32:45 PM (1738 views)

Hope all is well with everyone - Tammy Knight/MO
1/5/2006 12:50:18 AM (1797 views)

Who's Coming - Nikky Eisenhuth/FL
1/4/2006 5:24:23 PM (3208 views)
Re: Who's Coming - Robert Franco/OH
1/4/2006 5:30:44 PM (3074 views)
Re: Who's Coming - Kurt deVries/FL
1/4/2006 10:25:06 PM (3145 views)
Re: Who's Coming - Wanda Steudel/OH
1/5/2006 9:49:12 AM (3060 views)
Re: Who's Coming - Jay Duncan/MO
1/5/2006 10:27:53 AM (3127 views)
Re: Who's Coming - John OConnor/IL
1/5/2006 4:37:46 PM (3091 views)


Real Title Services


Quickly approaching... - Jay Duncan/MO
1/4/2006 2:05:53 PM (3351 views)
Re: Quickly approaching... - Ximena Vargas/NY
1/4/2006 3:10:01 PM (3195 views)
Conference transportation from Airport to Hotel - Jay Duncan/MO
1/4/2006 3:28:56 PM (3144 views)
Re: Conference transportation from Airport to Hotel - Robert Franco/OH
1/4/2006 4:08:59 PM (3054 views)
Re: Conference transportation from Airport to Hotel - Patrick Scott/IL
1/4/2006 11:14:01 PM (3033 views)
Re: Conference transportation from Airport to Hotel - Ximena Vargas/NY
1/5/2006 5:18:02 PM (2986 views)

A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 12:04:50 PM (3415 views)
Re: A very, very shameless NON profit plug. Please read. - Jay Duncan/MO
1/4/2006 12:46:06 PM (3214 views)
Re: A very, very shameless NON profit plug. Please read. - J.T. Shoemaker/NY
1/4/2006 1:23:41 PM (3317 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 1:25:39 PM (3376 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 2:32:21 PM (3377 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 2:38:26 PM (3534 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 6:42:25 PM (3351 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/4/2006 8:14:26 PM (3230 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/4/2006 8:24:06 PM (3309 views)
Re: A very, very shameless NON profit plug. Please read. - Jan Forster/NC
1/4/2006 10:39:49 PM (5459 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 11:07:50 PM (3148 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/6/2006 9:02:57 AM (3316 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/6/2006 11:00:10 AM (3337 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/6/2006 5:41:29 PM (3188 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/6/2006 6:07:08 PM (3199 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/7/2006 11:17:18 AM (3155 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/8/2006 6:51:25 PM (3158 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/8/2006 7:47:08 PM (3050 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/9/2006 9:34:30 AM (3029 views)
Re: A very, very shameless NON profit plug. Please read. - Jan Forster/NC
1/7/2006 10:41:16 AM (3298 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 12:33:35 PM (3235 views)
Re: A very, very shameless NON profit plug. Please read. - Robert Franco/OH
1/7/2006 4:10:54 PM (3271 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 5:20:53 PM (3173 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/7/2006 5:20:32 PM (5417 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 5:28:18 PM (3143 views)

E & O - Deborah Manion/VA
1/4/2006 10:46:12 AM (2170 views)
Re: E & O - Lisa Ramsey/TX
1/4/2006 10:55:31 AM (3192 views)
Re: E & O - Glenda Hodge/TN
1/4/2006 1:32:00 PM (3097 views)
Re: E & O - Glenda Hodge/TN
1/4/2006 1:33:38 PM (3176 views)
Re: E & O - Lynn Hammett/SC
1/4/2006 11:16:55 AM (3117 views)
Re: E & O - Lisa Ramsey/TX
1/4/2006 1:41:34 PM (3013 views)

Hotel rooms for NALTEA conference - Tim Lunn/NY
1/3/2006 12:30:05 PM (1751 views)

Inspirational Post - Interview with God - Lisa Ramsey/TX
1/2/2006 11:15:58 PM (3373 views)
Re: Inspirational Post - Interview with God - Jay Duncan/MO
1/3/2006 12:28:40 AM (3220 views)
Re: Inspirational Post - Interview with God - Kurt deVries/FL
1/3/2006 2:10:57 PM (3136 views)
Re: Inspirational Post - Interview with God - J.T. Shoemaker/NY
1/3/2006 3:01:06 PM (3046 views)
Re: Inspirational Post - Interview with God - Lisa Ramsey/TX
1/3/2006 5:08:56 PM (3192 views)

AH HA...... - Loretta Reed/MD
1/2/2006 7:45:53 AM (2280 views)
Re: AH HA...... - Rachel Malone/PA
1/2/2006 8:58:55 AM (3051 views)
Re: AH HA...... - Loretta Reed/MD
1/2/2006 11:12:44 AM (2991 views)

Order processing - J Nisonger/CA
1/1/2006 11:25:10 PM (2323 views)
Re: Order processing - Jay Duncan/MO
1/2/2006 12:30:02 AM (5433 views)
Re: Order processing - J Nisonger/CA
1/2/2006 6:06:46 PM (3058 views)
Re: Order processing - Jay Duncan/MO
1/2/2006 8:14:47 PM (3075 views)
Re: Order processing - Tammy Knight/MO
1/5/2006 12:43:25 AM (3107 views)
Re: Order processing - J Nisonger/CA
1/5/2006 10:50:20 PM (2983 views)

Scott - Kevin Ahern/CT
12/30/2005 5:22:13 PM (2464 views)
Re: Scott - Scott Perry/PA
12/31/2005 12:54:09 PM (3319 views)
Re: Scott - J.T. Shoemaker/NY
12/31/2005 10:58:59 PM (3233 views)
Re: Scott - Scott Perry/PA
12/31/2005 11:30:09 PM (3139 views)
Re: Scott - J.T. Shoemaker/NY
1/1/2006 10:41:48 AM (3189 views)
Re: Scott - Kevin Ahern/CT
1/1/2006 10:55:06 AM (3278 views)
Re: Scott - J.T. Shoemaker/NY
1/1/2006 11:18:42 AM (3295 views)
Re: Scott - Scott Perry/PA
1/1/2006 7:06:50 PM (3131 views)
Re: Scott - Scott Perry/PA
1/1/2006 1:31:42 PM (3244 views)
Re: Scott - Kevin Ahern/CT
1/1/2006 7:59:41 PM (3093 views)
Re: Scott - Scott Perry/PA
1/1/2006 10:18:55 PM (3105 views)
Re: Scott - Kevin Ahern/CT
1/2/2006 6:04:19 AM (2978 views)
Re: Scott - Scott Perry/PA
1/2/2006 12:55:35 PM (3044 views)
Re: Scott - Scott Perry/PA
1/1/2006 1:21:36 PM (3218 views)

Outsourcing - Ricky Farrow/FL
12/30/2005 10:17:26 AM (3617 views)
Re: Outsourcing - Ellen Malloy/MO
12/30/2005 11:21:35 AM (3259 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 12:58:16 PM (3189 views)
Re: Outsourcing - Ricky Farrow/FL
12/30/2005 1:42:05 PM (3203 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 2:26:01 PM (6257 views)
Re: Outsourcing - Ricky Farrow/FL
12/30/2005 4:39:45 PM (3096 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 5:49:48 PM (3164 views)
Re: Outsourcing - Tammy Knight/MO
1/5/2006 1:05:04 AM (3076 views)
Re: Outsourcing - Wanda Steudel/OH
1/5/2006 9:54:14 AM (3092 views)
Re: Outsourcing - Robert Franco/OH
1/5/2006 4:43:21 PM (3033 views)
Re: Outsourcing - David Bloys/TX
1/5/2006 5:43:54 PM (2989 views)
Re: Outsourcing - Robert Franco/OH
1/5/2006 6:33:44 PM (2952 views)
Re: Outsourcing - Tammy Knight/MO
1/6/2006 3:30:17 PM (2886 views)

How Do You Explain This?? - Glenda Hodge/TN
12/29/2005 9:48:09 PM (2516 views)
Re: How Do You Explain This?? - Rachel Malone/PA
12/30/2005 12:04:27 AM (3326 views)
Re: How Do You Explain This?? - Wanda Steudel/OH
12/30/2005 10:43:38 AM (3305 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 10:28:58 AM (3350 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
12/30/2005 12:10:08 PM (3256 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 4:53:41 PM (3164 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
12/30/2005 7:51:33 PM (3136 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 10:26:00 PM (3178 views)
Re: How Do You Explain This?? - David Bloys/TX
12/31/2005 9:13:42 AM (3225 views)
Re: How Do You Explain This?? - Robert Franco/OH
12/30/2005 5:16:14 PM (3238 views)
Re: How Do You Explain This?? - Jay Duncan/MO
1/1/2006 7:47:21 PM (3083 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/1/2006 8:27:23 PM (3038 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/1/2006 11:26:33 PM (3029 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 5:55:17 AM (3055 views)

The industry is changing drastically to the detriment of the independent abstractor. If you are relying on it exclusively as a source of income, you will probably experience difficulty in the days to come.

Expanding your areas of coverage to supplement lost income is a losing proposition if you are the only one performing abstracting. You would need to increase the number of searches completed in a day, and thereby decrease the amount of time devoted to each search. The quality of the product suffers. You can hire additional abstractors , and recapture a portion of the lost income after you pay them, employer contribution to FICA and benefits (if any), but that requires you to spend more time on business administration and less time in the field.

Offering the discount pricing to the client that you mentioned above is a precarious business arrangement. Very often the client will deliver the volume for a few weeks or months, but reduce the volume of work thereafter. However, they will expect the discount to continue after they no longer deliver the volume. If you are offering discount pricing make certain that you have a written agreement for it. They tend to be more responsive when the agreement is in writing. 

As both you and Jay have noted the abstractors that multi task and offer other services besides abstracting alone get the business. Time is the great leveler in this business. There are only so many hours in a day that the town halls/court houses are open to complete searches. Rather than expand your geographic area of coverage, it is easier to expand the number of services you offer. Most closings are done in the evenings at the convenience of the borrowers. The money is much better than abstracting. Your price negotiating power is greater. There are scores of signing services that go in and out of business every month, and the pool of clients constantly replenishes itself.

However, you do need to stay on top of them to make sure you get paid on time, and not be afraid to enforce timely payment through legal process.It is easier than you may think. 

You can offer closing services to an existing client or to new clients in addition to abstracting services, increase the number of hours in a work day, increase your income and rely less on the mercy of the VM.s for abstracting assignments.Unlike abstracting electronic automation is not yet a threat to closing work. It is also impossible to outsource the work because state statutes require the signing agent/attorney closer to be present at the closing to officiate.

In a small number of states the signing agents are required to work under the supervision of an attorney. In another small number of states there are special training and licensing requirements. Maryland is one, and I believe Illinois and Indiana are moving in that direction. As far as I know Tennessee is not among them, but you would need to check its requirements before beginning as a signing agent if you are interested


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Re: How Do You Explain This?? - Glenda Hodge/TN
1/2/2006 1:27:27 PM (3011 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 2:00:09 PM (3048 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/2/2006 2:14:29 PM (2893 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 2:33:30 PM (2890 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/2/2006 2:50:58 PM (2990 views)
Re: How Do You Explain This?? - Robert Franco/OH
1/3/2006 12:51:00 PM (3080 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/3/2006 1:45:35 PM (2986 views)
Re: How Do You Explain This?? - J Nisonger/CA
1/2/2006 6:14:00 PM (3002 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
1/2/2006 11:22:24 PM (3197 views)
Re: How Do You Explain This?? - J Nisonger/CA
1/3/2006 1:16:34 AM (3110 views)
Re: How Do You Explain This?? - george Hubka/MI
1/3/2006 6:52:10 PM (2839 views)


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