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Hope all is well with everyone - Tammy Knight/MO
1/5/2006 12:50:18 AM (1834 views)

Who's Coming - Nikky Eisenhuth/FL
1/4/2006 5:24:23 PM (3293 views)
Re: Who's Coming - Robert Franco/OH
1/4/2006 5:30:44 PM (3256 views)
Re: Who's Coming - Kurt deVries/FL
1/4/2006 10:25:06 PM (3322 views)
Re: Who's Coming - Wanda Steudel/OH
1/5/2006 9:49:12 AM (3231 views)
Re: Who's Coming - Jay Duncan/MO
1/5/2006 10:27:53 AM (3305 views)
Re: Who's Coming - John OConnor/IL
1/5/2006 4:37:46 PM (3259 views)

Quickly approaching... - Jay Duncan/MO
1/4/2006 2:05:53 PM (3420 views)
Re: Quickly approaching... - Ximena Vargas/NY
1/4/2006 3:10:01 PM (3363 views)
Conference transportation from Airport to Hotel - Jay Duncan/MO
1/4/2006 3:28:56 PM (3326 views)
Re: Conference transportation from Airport to Hotel - Robert Franco/OH
1/4/2006 4:08:59 PM (3251 views)
Re: Conference transportation from Airport to Hotel - Patrick Scott/IL
1/4/2006 11:14:01 PM (3208 views)
Re: Conference transportation from Airport to Hotel - Ximena Vargas/NY
1/5/2006 5:18:02 PM (3167 views)

A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 12:04:50 PM (3513 views)
Re: A very, very shameless NON profit plug. Please read. - Jay Duncan/MO
1/4/2006 12:46:06 PM (3431 views)
Re: A very, very shameless NON profit plug. Please read. - J.T. Shoemaker/NY
1/4/2006 1:23:41 PM (3521 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 1:25:39 PM (3578 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 2:32:21 PM (3575 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 2:38:26 PM (3751 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 6:42:25 PM (3551 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/4/2006 8:14:26 PM (3456 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/4/2006 8:24:06 PM (3512 views)
Re: A very, very shameless NON profit plug. Please read. - Jan Forster/NC
1/4/2006 10:39:49 PM (5670 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 11:07:50 PM (3355 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/6/2006 9:02:57 AM (3515 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/6/2006 11:00:10 AM (3542 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/6/2006 5:41:29 PM (3410 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/6/2006 6:07:08 PM (3404 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/7/2006 11:17:18 AM (3359 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/8/2006 6:51:25 PM (3387 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/8/2006 7:47:08 PM (3244 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/9/2006 9:34:30 AM (3253 views)
Re: A very, very shameless NON profit plug. Please read. - Jan Forster/NC
1/7/2006 10:41:16 AM (3509 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 12:33:35 PM (3455 views)
Re: A very, very shameless NON profit plug. Please read. - Robert Franco/OH
1/7/2006 4:10:54 PM (3465 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 5:20:53 PM (3390 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/7/2006 5:20:32 PM (5630 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 5:28:18 PM (3372 views)

E & O - Deborah Manion/VA
1/4/2006 10:46:12 AM (2256 views)
Re: E & O - Lisa Ramsey/TX
1/4/2006 10:55:31 AM (3444 views)
Re: E & O - Glenda Hodge/TN
1/4/2006 1:32:00 PM (3338 views)
Re: E & O - Glenda Hodge/TN
1/4/2006 1:33:38 PM (3395 views)
Re: E & O - Lynn Hammett/SC
1/4/2006 11:16:55 AM (3343 views)
Re: E & O - Lisa Ramsey/TX
1/4/2006 1:41:34 PM (3235 views)




Hotel rooms for NALTEA conference - Tim Lunn/NY
1/3/2006 12:30:05 PM (1810 views)

Inspirational Post - Interview with God - Lisa Ramsey/TX
1/2/2006 11:15:58 PM (3504 views)
Re: Inspirational Post - Interview with God - Jay Duncan/MO
1/3/2006 12:28:40 AM (3462 views)
Re: Inspirational Post - Interview with God - Kurt deVries/FL
1/3/2006 2:10:57 PM (3372 views)
Re: Inspirational Post - Interview with God - J.T. Shoemaker/NY
1/3/2006 3:01:06 PM (3292 views)
Re: Inspirational Post - Interview with God - Lisa Ramsey/TX
1/3/2006 5:08:56 PM (3447 views)

AH HA...... - Loretta Reed/MD
1/2/2006 7:45:53 AM (2368 views)
Re: AH HA...... - Rachel Malone/PA
1/2/2006 8:58:55 AM (3283 views)
Re: AH HA...... - Loretta Reed/MD
1/2/2006 11:12:44 AM (3239 views)

Order processing - J Nisonger/CA
1/1/2006 11:25:10 PM (2408 views)
Re: Order processing - Jay Duncan/MO
1/2/2006 12:30:02 AM (5699 views)
Re: Order processing - J Nisonger/CA
1/2/2006 6:06:46 PM (3313 views)
Re: Order processing - Jay Duncan/MO
1/2/2006 8:14:47 PM (3308 views)
Re: Order processing - Tammy Knight/MO
1/5/2006 12:43:25 AM (3359 views)
Re: Order processing - J Nisonger/CA
1/5/2006 10:50:20 PM (3218 views)

Scott - Kevin Ahern/CT
12/30/2005 5:22:13 PM (2541 views)
Re: Scott - Scott Perry/PA
12/31/2005 12:54:09 PM (3600 views)
Re: Scott - J.T. Shoemaker/NY
12/31/2005 10:58:59 PM (3485 views)
Re: Scott - Scott Perry/PA
12/31/2005 11:30:09 PM (3396 views)
Re: Scott - J.T. Shoemaker/NY
1/1/2006 10:41:48 AM (3464 views)
Re: Scott - Kevin Ahern/CT
1/1/2006 10:55:06 AM (3530 views)
Re: Scott - J.T. Shoemaker/NY
1/1/2006 11:18:42 AM (3541 views)
Re: Scott - Scott Perry/PA
1/1/2006 7:06:50 PM (3392 views)
Re: Scott - Scott Perry/PA
1/1/2006 1:31:42 PM (3498 views)
Re: Scott - Kevin Ahern/CT
1/1/2006 7:59:41 PM (3352 views)
Re: Scott - Scott Perry/PA
1/1/2006 10:18:55 PM (3362 views)
Re: Scott - Kevin Ahern/CT
1/2/2006 6:04:19 AM (3254 views)
Re: Scott - Scott Perry/PA
1/2/2006 12:55:35 PM (3308 views)
Re: Scott - Scott Perry/PA
1/1/2006 1:21:36 PM (3482 views)

Outsourcing - Ricky Farrow/FL
12/30/2005 10:17:26 AM (3696 views)
Re: Outsourcing - Ellen Malloy/MO
12/30/2005 11:21:35 AM (3496 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 12:58:16 PM (3441 views)
Re: Outsourcing - Ricky Farrow/FL
12/30/2005 1:42:05 PM (3444 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 2:26:01 PM (6525 views)
Re: Outsourcing - Ricky Farrow/FL
12/30/2005 4:39:45 PM (3363 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 5:49:48 PM (3402 views)
Re: Outsourcing - Tammy Knight/MO
1/5/2006 1:05:04 AM (3326 views)
Re: Outsourcing - Wanda Steudel/OH
1/5/2006 9:54:14 AM (3335 views)
Re: Outsourcing - Robert Franco/OH
1/5/2006 4:43:21 PM (3263 views)
Re: Outsourcing - David Bloys/TX
1/5/2006 5:43:54 PM (3244 views)
Re: Outsourcing - Robert Franco/OH
1/5/2006 6:33:44 PM (3202 views)
Re: Outsourcing - Tammy Knight/MO
1/6/2006 3:30:17 PM (3131 views)

How Do You Explain This?? - Glenda Hodge/TN
12/29/2005 9:48:09 PM (2600 views)
Re: How Do You Explain This?? - Rachel Malone/PA
12/30/2005 12:04:27 AM (3541 views)
Re: How Do You Explain This?? - Wanda Steudel/OH
12/30/2005 10:43:38 AM (3530 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 10:28:58 AM (3565 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
12/30/2005 12:10:08 PM (3476 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 4:53:41 PM (3416 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
12/30/2005 7:51:33 PM (3359 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 10:26:00 PM (3416 views)
Re: How Do You Explain This?? - David Bloys/TX
12/31/2005 9:13:42 AM (3448 views)
Re: How Do You Explain This?? - Robert Franco/OH
12/30/2005 5:16:14 PM (3462 views)
Re: How Do You Explain This?? - Jay Duncan/MO
1/1/2006 7:47:21 PM (3319 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/1/2006 8:27:23 PM (3268 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/1/2006 11:26:33 PM (3253 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 5:55:17 AM (3298 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 (3234 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 2:00:09 PM (3262 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/2/2006 2:14:29 PM (3112 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 2:33:30 PM (3120 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/2/2006 2:50:58 PM (3227 views)
Re: How Do You Explain This?? - Robert Franco/OH
1/3/2006 12:51:00 PM (3308 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/3/2006 1:45:35 PM (3210 views)
Re: How Do You Explain This?? - J Nisonger/CA
1/2/2006 6:14:00 PM (3248 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
1/2/2006 11:22:24 PM (3441 views)
Re: How Do You Explain This?? - J Nisonger/CA
1/3/2006 1:16:34 AM (3326 views)
Re: How Do You Explain This?? - george Hubka/MI
1/3/2006 6:52:10 PM (3073 views)

Scanner update - J Nisonger/CA
12/29/2005 9:54:37 AM (3116 views)

Acculink - Deborah Manion/VA
12/28/2005 3:13:07 PM (2719 views)
Re: Acculink - Glenda Hodge/TN
12/28/2005 11:05:13 PM (3382 views)
Re: Acculink - george Hubka/MI
1/3/2006 6:57:03 PM (3153 views)
Re: Acculink - Glenda Hodge/TN
1/3/2006 7:31:24 PM (3171 views)
Re: Acculink - J Nisonger/CA
1/5/2006 10:57:41 PM (3015 views)

DLC Title Services - Susan/OH
12/27/2005 4:34:46 PM (2092 views)


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