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AH HA...... - Loretta Reed/MD
1/2/2006 7:45:53 AM (2414 views)
Re: AH HA...... - Rachel Malone/PA
1/2/2006 8:58:55 AM (3511 views)
Re: AH HA...... - Loretta Reed/MD
1/2/2006 11:12:44 AM (3475 views)

Order processing - J Nisonger/CA
1/1/2006 11:25:10 PM (2455 views)
Re: Order processing - Jay Duncan/MO
1/2/2006 12:30:02 AM (5982 views)
Re: Order processing - J Nisonger/CA
1/2/2006 6:06:46 PM (3553 views)
Re: Order processing - Jay Duncan/MO
1/2/2006 8:14:47 PM (3552 views)
Re: Order processing - Tammy Knight/MO
1/5/2006 12:43:25 AM (3633 views)
Re: Order processing - J Nisonger/CA
1/5/2006 10:50:20 PM (3444 views)

Scott - Kevin Ahern/CT
12/30/2005 5:22:13 PM (2618 views)
Re: Scott - Scott Perry/PA
12/31/2005 12:54:09 PM (3867 views)
Re: Scott - J.T. Shoemaker/NY
12/31/2005 10:58:59 PM (3720 views)
Re: Scott - Scott Perry/PA
12/31/2005 11:30:09 PM (3620 views)
Re: Scott - J.T. Shoemaker/NY
1/1/2006 10:41:48 AM (3744 views)
Re: Scott - Kevin Ahern/CT
1/1/2006 10:55:06 AM (3781 views)
Re: Scott - J.T. Shoemaker/NY
1/1/2006 11:18:42 AM (3799 views)
Re: Scott - Scott Perry/PA
1/1/2006 7:06:50 PM (3651 views)
Re: Scott - Scott Perry/PA
1/1/2006 1:31:42 PM (3742 views)
Re: Scott - Kevin Ahern/CT
1/1/2006 7:59:41 PM (3592 views)
Re: Scott - Scott Perry/PA
1/1/2006 10:18:55 PM (3608 views)
Re: Scott - Kevin Ahern/CT
1/2/2006 6:04:19 AM (3470 views)
Re: Scott - Scott Perry/PA
1/2/2006 12:55:35 PM (3625 views)
Re: Scott - Scott Perry/PA
1/1/2006 1:21:36 PM (3747 views)

Outsourcing - Ricky Farrow/FL
12/30/2005 10:17:26 AM (3759 views)
Re: Outsourcing - Ellen Malloy/MO
12/30/2005 11:21:35 AM (3731 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 12:58:16 PM (3698 views)
Re: Outsourcing - Ricky Farrow/FL
12/30/2005 1:42:05 PM (3695 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 2:26:01 PM (6796 views)
Re: Outsourcing - Ricky Farrow/FL
12/30/2005 4:39:45 PM (3602 views)
Re: Outsourcing - David Bloys/TX
12/30/2005 5:49:48 PM (3640 views)
Re: Outsourcing - Tammy Knight/MO
1/5/2006 1:05:04 AM (3575 views)
Re: Outsourcing - Wanda Steudel/OH
1/5/2006 9:54:14 AM (3588 views)
Re: Outsourcing - Robert Franco/OH
1/5/2006 4:43:21 PM (3492 views)
Re: Outsourcing - David Bloys/TX
1/5/2006 5:43:54 PM (3504 views)
Re: Outsourcing - Robert Franco/OH
1/5/2006 6:33:44 PM (3452 views)
Re: Outsourcing - Tammy Knight/MO
1/6/2006 3:30:17 PM (3368 views)

How Do You Explain This?? - Glenda Hodge/TN
12/29/2005 9:48:09 PM (2655 views)
Re: How Do You Explain This?? - Rachel Malone/PA
12/30/2005 12:04:27 AM (3787 views)
Re: How Do You Explain This?? - Wanda Steudel/OH
12/30/2005 10:43:38 AM (3754 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 10:28:58 AM (3792 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
12/30/2005 12:10:08 PM (3707 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 4:53:41 PM (3638 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
12/30/2005 7:51:33 PM (3592 views)
Re: How Do You Explain This?? - Ricky Farrow/FL
12/30/2005 10:26:00 PM (3647 views)
Re: How Do You Explain This?? - David Bloys/TX
12/31/2005 9:13:42 AM (3708 views)
Re: How Do You Explain This?? - Robert Franco/OH
12/30/2005 5:16:14 PM (3721 views)
Re: How Do You Explain This?? - Jay Duncan/MO
1/1/2006 7:47:21 PM (3551 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/1/2006 8:27:23 PM (3493 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/1/2006 11:26:33 PM (3471 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 5:55:17 AM (3547 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 (3459 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 2:00:09 PM (3515 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/2/2006 2:14:29 PM (3348 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/2/2006 2:33:30 PM (3359 views)
Re: How Do You Explain This?? - Glenda Hodge/TN
1/2/2006 2:50:58 PM (3446 views)
Re: How Do You Explain This?? - Robert Franco/OH
1/3/2006 12:51:00 PM (3558 views)
Re: How Do You Explain This?? - Kevin Ahern/CT
1/3/2006 1:45:35 PM (3436 views)
Re: How Do You Explain This?? - J Nisonger/CA
1/2/2006 6:14:00 PM (3492 views)
Re: How Do You Explain This?? - Lisa Ramsey/TX
1/2/2006 11:22:24 PM (3712 views)
Re: How Do You Explain This?? - J Nisonger/CA
1/3/2006 1:16:34 AM (3546 views)
Re: How Do You Explain This?? - george Hubka/MI
1/3/2006 6:52:10 PM (3291 views)




Scanner update - J Nisonger/CA
12/29/2005 9:54:37 AM (3212 views)

Acculink - Deborah Manion/VA
12/28/2005 3:13:07 PM (2799 views)
Re: Acculink - Glenda Hodge/TN
12/28/2005 11:05:13 PM (3598 views)
Re: Acculink - george Hubka/MI
1/3/2006 6:57:03 PM (3382 views)
Re: Acculink - Glenda Hodge/TN
1/3/2006 7:31:24 PM (3409 views)
Re: Acculink - J Nisonger/CA
1/5/2006 10:57:41 PM (3231 views)

DLC Title Services - Susan/OH
12/27/2005 4:34:46 PM (2158 views)

NALTEA CONFERENCE - Ximena Vargas/NY
12/27/2005 3:55:51 PM (2353 views)
Re: NALTEA CONFERENCE - Jay Duncan/MO
12/27/2005 8:24:48 PM (5780 views)

The Christmas Closing - Wanda Steudel/OH
12/27/2005 3:32:05 PM (2344 views)
Re: The Christmas Closing - Robert Franco/OH
12/27/2005 3:57:42 PM (3465 views)
Re: The Christmas Closing - Jay Duncan/MO
12/27/2005 10:02:47 PM (3579 views)
Re: The Christmas Closing - Jarrod Clabaugh/OH
12/27/2005 11:12:40 PM (3554 views)

Soliciting an Abstractor’s point of view - Tracy/OH
12/27/2005 12:49:26 PM (2674 views)
Re: Soliciting an Abstractor’s point of view - Robert Franco/OH
12/27/2005 1:10:13 PM (3418 views)
Re: Soliciting an Abstractor’s point of view - Tracy/OH
12/27/2005 1:26:59 PM (3467 views)
Re: Soliciting an Abstractor’s point of view - David Bloys/TX
12/27/2005 2:01:59 PM (3693 views)
Re: Soliciting an Abstractor’s point of view - Tracy/OH
12/27/2005 2:17:55 PM (3746 views)
Re: Soliciting an Abstractor’s point of view - Robert Franco/OH
12/27/2005 2:24:29 PM (3585 views)
Re: Soliciting an Abstractor’s point of view - David Bloys/TX
12/27/2005 2:29:47 PM (5888 views)
Re: Soliciting an Abstractor’s point of view - J Nisonger/CA
12/29/2005 10:38:01 PM (3645 views)
Re: Soliciting an Abstractor’s point of view - Tracy/OH
12/30/2005 1:20:27 PM (3465 views)
Re: Soliciting an Abstractor’s point of view - David Bloys/TX
12/30/2005 2:31:46 PM (3451 views)
Re: Soliciting an Abstractor’s point of view - J Nisonger/CA
12/30/2005 11:18:50 PM (3388 views)
Re: Soliciting an Abstractor’s point of view - Tracy/OH
1/3/2006 8:57:52 AM (3276 views)
Re: Soliciting an Abstractor’s point of view - David Bloys/TX
1/3/2006 1:39:39 PM (5292 views)
Re: Soliciting an Abstractor’s point of view - Tracy/OH
1/5/2006 3:49:29 PM (3260 views)
The Paradox of Government Records - David Bloys/TX
1/6/2006 5:01:52 AM (3437 views)
Authorization and passwords - David Bloys/TX
1/6/2006 5:44:42 AM (5366 views)
Re: Authorization and passwords - Scott Perry/PA
1/6/2006 8:12:37 AM (3325 views)
Re: Authorization and passwords - David Bloys/TX
1/6/2006 10:00:07 AM (5235 views)
Re: Authorization and passwords - Tracy/OH
1/15/2006 2:44:57 PM (3326 views)

Rose Parade - Warning Personal Post! - Lisa Ramsey/TX
12/27/2005 12:26:25 PM (2458 views)
Re: Rose Parade - Warning Personal Post! - TITLE REPORTS PLUS RLE/MD
12/27/2005 12:52:36 PM (3379 views)
Re: Rose Parade - Warning Personal Post! - J Nisonger/CA
12/27/2005 4:46:44 PM (3423 views)
Re: Rose Parade - Warning Personal Post! - Lisa Ramsey/TX
12/27/2005 6:15:10 PM (3461 views)
Re: Rose Parade - Warning Personal Post! - Rachel Malone/PA
1/2/2006 9:01:01 AM (3293 views)
Re: Rose Parade - Warning Personal Post! - Glenda Hodge/TN
1/2/2006 1:06:03 PM (3237 views)
Re: Rose Parade - Warning Personal Post! - J Nisonger/CA
1/2/2006 6:21:48 PM (3365 views)
Re: Rose Parade - Warning Personal Post! - Lisa Ramsey/TX
1/2/2006 10:47:35 PM (3302 views)
Re: Rose Parade - Warning Personal Post! - J Nisonger/CA
1/3/2006 1:23:59 AM (3437 views)
Re: Rose Parade - Warning Personal Post! - Lisa Ramsey/TX
1/3/2006 7:28:24 AM (3453 views)

Did you have a white X-mas? - Robert Franco/OH
12/25/2005 11:34:18 PM (2424 views)
Re: Did you have a white X-mas? - Glenda Hodge/TN
12/26/2005 1:05:57 AM (3440 views)
Re: Did you have a white X-mas? - J.T. Shoemaker/NY
12/26/2005 4:18:59 PM (3360 views)
Re: Did you have a white X-mas? - Lisa Ramsey/TX
12/26/2005 10:18:30 PM (3430 views)
Re: Did you have a white X-mas? - Wanda Steudel/OH
12/27/2005 10:14:18 AM (3504 views)
Re: Did you have a white X-mas? - J Nisonger/CA
12/27/2005 11:14:11 AM (3375 views)
Re: Did you have a white X-mas? - Ellen Malloy/MO
12/27/2005 11:40:57 AM (3539 views)
Re: Did you have a white X-mas? - Jay Duncan/MO
12/27/2005 10:08:28 PM (3645 views)
Re: Did you have a white X-mas? - TITLE REPORTS PLUS RLE/MD
12/27/2005 12:55:05 PM (3327 views)
Re: Did you have a white X-mas? - george Hubka/MI
1/3/2006 7:05:17 PM (3206 views)

Casualty Insurance - Ricky Farrow/FL
12/25/2005 8:25:52 PM (2363 views)
Re: Casualty Insurance - Shannon Blatt/VA
12/26/2005 9:46:46 PM (3309 views)
Re: Casualty Insurance - Kevin Ahern/CT
12/27/2005 6:29:41 AM (3395 views)
Re: Casualty Insurance - george Hubka/MI
12/27/2005 7:09:25 AM (3426 views)
Re: Casualty Insurance - Kevin Ahern/CT
12/27/2005 7:34:20 AM (3434 views)
Re: Casualty Insurance - David Bloys/TX
12/27/2005 8:34:39 AM (5465 views)
Re: Casualty Insurance - Kevin Ahern/CT
12/27/2005 8:39:41 AM (3424 views)
Re: Casualty Insurance - David Bloys/TX
12/27/2005 9:02:25 AM (3312 views)
Re: Casualty Insurance - Rachel Malone/PA
12/27/2005 7:59:23 AM (3303 views)
Re: Casualty Insurance - Robert Franco/OH
12/27/2005 11:04:01 AM (3357 views)
Re: Casualty Insurance - Lisa Ramsey/TX
12/27/2005 11:35:07 AM (3303 views)
Re: Casualty Insurance - Robert Franco/OH
12/28/2005 12:33:38 PM (3429 views)
Re: Casualty Insurance - Ricky Farrow/FL
12/30/2005 10:15:34 AM (3149 views)
Re: Casualty Insurance - Robert Franco/OH
12/30/2005 2:25:13 PM (3274 views)
Re: Casualty Insurance - Ricky Farrow/FL
12/30/2005 4:42:03 PM (3148 views)

Tell Your Children - J.T. Shoemaker/NY
12/24/2005 3:14:00 PM (2501 views)
Re: Tell Your Children - Jay Duncan/MO
12/24/2005 11:22:57 PM (3105 views)


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