We are having very good results in so far as mortgage signings are concerned. There is greater flexibility in the pricing structure. In so far as abstracting VM's are concerned,we have mixed reviews. Some understand. Others are upset. The realities of the situation are that performing an abstract under the old pricing structure may wind up costing you money. In the long run the current price of gasoline may be an impetus to raise prices and put the low ball, slow pay, no pay clients out of business. I think the VM's are starting to realize that their abstracting prices are a rock bottom now. Once they realize that factoring increased travel expenses into the cost of performing the abstract are a fact of life, they will have no choice other than to accept the higher prices. However, like all profit driven enterprises, it may take some time for them to come to this realization.
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