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VM Co. verses National Abstractor Co. - Austin Whitaker/NJ
1/5/2006 10:09:44 PM (2022 views)

CONTACT NUMBER - Austin Whitaker/NJ
1/5/2006 6:50:08 PM (2420 views)
Re: CONTACT NUMBER - Jay Duncan/MO
1/5/2006 7:05:40 PM (3222 views)
Re: CONTACT NUMBER - Austin Whitaker/NJ
1/5/2006 7:28:21 PM (3133 views)

Conference Transportation - Ximena Vargas/NY
1/5/2006 5:32:45 PM (1836 views)

Hope all is well with everyone - Tammy Knight/MO
1/5/2006 12:50:18 AM (1878 views)

Who's Coming - Nikky Eisenhuth/FL
1/4/2006 5:24:23 PM (3349 views)
Re: Who's Coming - Robert Franco/OH
1/4/2006 5:30:44 PM (3405 views)
Re: Who's Coming - Kurt deVries/FL
1/4/2006 10:25:06 PM (3498 views)
Re: Who's Coming - Wanda Steudel/OH
1/5/2006 9:49:12 AM (3406 views)
Re: Who's Coming - Jay Duncan/MO
1/5/2006 10:27:53 AM (3458 views)
Re: Who's Coming - John OConnor/IL
1/5/2006 4:37:46 PM (3392 views)




Quickly approaching... - Jay Duncan/MO
1/4/2006 2:05:53 PM (3469 views)
Re: Quickly approaching... - Ximena Vargas/NY
1/4/2006 3:10:01 PM (3539 views)
Conference transportation from Airport to Hotel - Jay Duncan/MO
1/4/2006 3:28:56 PM (3442 views)
Re: Conference transportation from Airport to Hotel - Robert Franco/OH
1/4/2006 4:08:59 PM (3401 views)
Re: Conference transportation from Airport to Hotel - Patrick Scott/IL
1/4/2006 11:14:01 PM (3347 views)
Re: Conference transportation from Airport to Hotel - Ximena Vargas/NY
1/5/2006 5:18:02 PM (3333 views)

A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 12:04:50 PM (3564 views)
Re: A very, very shameless NON profit plug. Please read. - Jay Duncan/MO
1/4/2006 12:46:06 PM (3574 views)
Re: A very, very shameless NON profit plug. Please read. - J.T. Shoemaker/NY
1/4/2006 1:23:41 PM (3656 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 1:25:39 PM (3698 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 2:32:21 PM (3695 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/4/2006 2:38:26 PM (3916 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 6:42:25 PM (3678 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/4/2006 8:14:26 PM (3609 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/4/2006 8:24:06 PM (3658 views)
Re: A very, very shameless NON profit plug. Please read. - Jan Forster/NC
1/4/2006 10:39:49 PM (5829 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/4/2006 11:07:50 PM (3499 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/6/2006 9:02:57 AM (3652 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/6/2006 11:00:10 AM (3666 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/6/2006 5:41:29 PM (3546 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/6/2006 6:07:08 PM (3562 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/7/2006 11:17:18 AM (3506 views)
Re: A very, very shameless NON profit plug. Please read. - J Nisonger/CA
1/8/2006 6:51:25 PM (3538 views)
Re: A very, very shameless NON profit plug. Please read. - Loretta Reed/MD
1/8/2006 7:47:08 PM (3399 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/9/2006 9:34:30 AM (3373 views)
Re: A very, very shameless NON profit plug. Please read. - Jan Forster/NC
1/7/2006 10:41:16 AM (3689 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 12:33:35 PM (3586 views)
Re: A very, very shameless NON profit plug. Please read. - Robert Franco/OH
1/7/2006 4:10:54 PM (3599 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 5:20:53 PM (3523 views)
Re: A very, very shameless NON profit plug. Please read. - Jason Sheppard/PA
1/7/2006 5:20:32 PM (5795 views)
Re: A very, very shameless NON profit plug. Please read. - Lisa Ramsey/TX
1/7/2006 5:28:18 PM (3510 views)

E & O - Deborah Manion/VA
1/4/2006 10:46:12 AM (2291 views)
Re: E & O - Lisa Ramsey/TX
1/4/2006 10:55:31 AM (3580 views)
Re: E & O - Glenda Hodge/TN
1/4/2006 1:32:00 PM (3473 views)
Re: E & O - Glenda Hodge/TN
1/4/2006 1:33:38 PM (3517 views)
Re: E & O - Lynn Hammett/SC
1/4/2006 11:16:55 AM (3486 views)
Re: E & O - Lisa Ramsey/TX
1/4/2006 1:41:34 PM (3356 views)

Hotel rooms for NALTEA conference - Tim Lunn/NY
1/3/2006 12:30:05 PM (1841 views)

Inspirational Post - Interview with God - Lisa Ramsey/TX
1/2/2006 11:15:58 PM (3551 views)
Re: Inspirational Post - Interview with God - Jay Duncan/MO
1/3/2006 12:28:40 AM (3579 views)
Re: Inspirational Post - Interview with God - Kurt deVries/FL
1/3/2006 2:10:57 PM (3499 views)
Re: Inspirational Post - Interview with God - J.T. Shoemaker/NY
1/3/2006 3:01:06 PM (3421 views)
Re: Inspirational Post - Interview with God - Lisa Ramsey/TX
1/3/2006 5:08:56 PM (3572 views)

AH HA...... - Loretta Reed/MD
1/2/2006 7:45:53 AM (2397 views)
Re: AH HA...... - Rachel Malone/PA
1/2/2006 8:58:55 AM (3414 views)
Re: AH HA...... - Loretta Reed/MD
1/2/2006 11:12:44 AM (3379 views)

Order processing - J Nisonger/CA
1/1/2006 11:25:10 PM (2437 views)
Re: Order processing - Jay Duncan/MO
1/2/2006 12:30:02 AM (5858 views)
Re: Order processing - J Nisonger/CA
1/2/2006 6:06:46 PM (3448 views)
Re: Order processing - Jay Duncan/MO
1/2/2006 8:14:47 PM (3445 views)
Re: Order processing - Tammy Knight/MO
1/5/2006 12:43:25 AM (3532 views)
Re: Order processing - J Nisonger/CA
1/5/2006 10:50:20 PM (3335 views)

Scott - Kevin Ahern/CT
12/30/2005 5:22:13 PM (2588 views)
Re: Scott - Scott Perry/PA
12/31/2005 12:54:09 PM (3758 views)
Re: Scott - J.T. Shoemaker/NY
12/31/2005 10:58:59 PM (3605 views)
Re: Scott - Scott Perry/PA
12/31/2005 11:30:09 PM (3521 views)
Re: Scott - J.T. Shoemaker/NY
1/1/2006 10:41:48 AM (3629 views)
Re: Scott - Kevin Ahern/CT
1/1/2006 10:55:06 AM (3672 views)
Re: Scott - J.T. Shoemaker/NY
1/1/2006 11:18:42 AM (3689 views)
Re: Scott - Scott Perry/PA
1/1/2006 7:06:50 PM (3539 views)
Re: Scott - Scott Perry/PA
1/1/2006 1:31:42 PM (3623 views)
Re: Scott - Kevin Ahern/CT
1/1/2006 7:59:41 PM (3494 views)
Re: Scott - Scott Perry/PA
1/1/2006 10:18:55 PM (3495 views)
Re: Scott - Kevin Ahern/CT
1/2/2006 6:04:19 AM (3371 views)
Re: Scott - Scott Perry/PA
1/2/2006 12:55:35 PM (3494 views)
Re: Scott - Scott Perry/PA
1/1/2006 1:21:36 PM (3632 views)

Outsourcing - Ricky Farrow/FL
12/30/2005 10:17:26 AM (3735 views)
Re: Outsourcing - Ellen Malloy/MO
12/30/2005 11:21:35 AM (3626 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 12:58:16 PM (3587 views)
Re: Outsourcing - Ricky Farrow/FL
12/30/2005 1:42:05 PM (3581 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 2:26:01 PM (6670 views)
Re: Outsourcing - Ricky Farrow/FL
12/30/2005 4:39:45 PM (3494 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 5:49:48 PM (3531 views)
Re: Outsourcing - Tammy Knight/MO
1/5/2006 1:05:04 AM (3461 views)
Re: Outsourcing - Wanda Steudel/OH
1/5/2006 9:54:14 AM (3479 views)
Re: Outsourcing - Robert Franco/OH
1/5/2006 4:43:21 PM (3391 views)
Re: Outsourcing - David Bloys/TX
1/5/2006 5:43:54 PM (3397 views)
Re: Outsourcing - Robert Franco/OH
1/5/2006 6:33:44 PM (3341 views)
Re: Outsourcing - Tammy Knight/MO
1/6/2006 3:30:17 PM (3266 views)

How Do You Explain This?? - Glenda Hodge/TN
12/29/2005 9:48:09 PM (2639 views)
Re: How Do You Explain This?? - Rachel Malone/PA
12/30/2005 12:04:27 AM (3689 views)
Re: How Do You Explain This?? - Wanda Steudel/OH
12/30/2005 10:43:38 AM (3656 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 10:28:58 AM (3698 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
12/30/2005 12:10:08 PM (3612 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 4:53:41 PM (3546 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
12/30/2005 7:51:33 PM (3496 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 10:26:00 PM (3547 views)
Re: How Do You Explain This?? - David Bloys/TX
12/31/2005 9:13:42 AM (3613 views)
Re: How Do You Explain This?? - Robert Franco/OH
12/30/2005 5:16:14 PM (3622 views)
Re: How Do You Explain This?? - Jay Duncan/MO
1/1/2006 7:47:21 PM (3457 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/1/2006 8:27:23 PM (3398 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/1/2006 11:26:33 PM (3385 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 5:55:17 AM (3444 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 (3364 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 2:00:09 PM (3430 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/2/2006 2:14:29 PM (3255 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 2:33:30 PM (3266 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/2/2006 2:50:58 PM (3352 views)
Re: How Do You Explain This?? - Robert Franco/OH
1/3/2006 12:51:00 PM (3462 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/3/2006 1:45:35 PM (3349 views)
Re: How Do You Explain This?? - J Nisonger/CA
1/2/2006 6:14:00 PM (3394 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
1/2/2006 11:22:24 PM (3605 views)
Re: How Do You Explain This?? - J Nisonger/CA
1/3/2006 1:16:34 AM (3452 views)
Re: How Do You Explain This?? - george Hubka/MI
1/3/2006 6:52:10 PM (3207 views)


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