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[-] Wouldn't Uniformity Be Cool? - Patrick Scott/IL (19 replies)
6/22/2005 6:10:51 PM (2378 views)
Re: Wouldn't Uniformity Be Cool? - David Bloys/TX
6/23/2005 11:39:44 AM (2716 views)
Re: Wouldn't Uniformity Be Cool? - Robert Franco/OH
6/23/2005 1:55:44 PM (2896 views)
Re: Wouldn't Uniformity Be Cool? - Ellen Malloy/MO
6/23/2005 9:21:20 PM (2770 views)
Re: Wouldn't Uniformity Be Cool? - Patrick Scott/IL
6/24/2005 12:06:26 PM (2707 views)
Re: Wouldn't Uniformity Be Cool? - Robert Franco/OH
6/24/2005 12:56:46 PM (2526 views)

Hey Patrick,

I completely agree with everything you have said.  I even agree that some type of uniformity would be nice.  I just think it is sad that it is necessary.  The underwriters "relaxing" their standards is the real problem.  I agree that the potential losses are by far made up for in the volume and I'm sure this has led to better profits for them.  However, insuring over title defects does not provide the same benefits to the consumer as fixing them.  Even though there is insurance to cover any losses, it is still an inconvenience, at the least, to make the consumer jump through hoops to fix a problem that should have been cleared at closing.

In some instances, blanket exceptions are issued as a part of the policy; such as "...any easements or restrictions of record."  In my opinion, this is providing a huge disservice to the consumer who mistakenly believes that his policy is evidence that he has good title.

In the case of lenders that are not getting title insurance and are willing to accept certain risks, it is probably a good business decision.  However, I don't think that should change the title search requirements. The search should still show ALL MATTERS AFFECTING TITLE within the time frame of the search - and then, after being duly informed of the risks, they can choose to disregard anything they deem appropriate.

I know that the industry has changed and my thinking is "old school," but it is not a good path for us to head down.  Eventually, it will turn into a casualty based insurance where no title search is required and the consumer will suffer. 
Good points, and I thank you for posting the thread.  It is an interesting topic for discussion.

Best,
Robert A. Franco
SOURCE OF TITLE

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Re: Wouldn't Uniformity Be Cool? - Patrick Scott/IL
6/24/2005 3:12:14 PM (2617 views)
Re: Wouldn't Uniformity Be Cool? - Shannon Blatt/VA
6/24/2005 4:05:54 PM (2553 views)
Re: Wouldn't Uniformity Be Cool? - Robert Franco/OH
6/25/2005 2:14:51 PM (2686 views)
Re: Wouldn't Uniformity Be Cool? - Patrick Scott/IL
6/27/2005 2:48:58 PM (2576 views)
Re: Wouldn't Uniformity Be Cool? - Robert Franco/OH
6/27/2005 3:35:47 PM (2488 views)
Re: Wouldn't Uniformity Be Cool? - Jay Duncan/MO
6/27/2005 5:37:43 PM (2578 views)
Re: Wouldn't Uniformity Be Cool? - Douglas Gallant/OH
6/26/2005 6:07:23 PM (2562 views)
Re: Wouldn't Uniformity Be Cool? - Mark Russomanno/NJ
6/25/2005 11:59:33 PM (2512 views)
Re: Wouldn't Uniformity Be Cool? - Kevin Ahern/CT
6/26/2005 7:49:42 AM (2432 views)
Re: Wouldn't Uniformity Be Cool? - David Bloys/TX
6/26/2005 9:29:36 AM (2532 views)
Re: Wouldn't Uniformity Be Cool? - Kevin Ahern/CT
6/26/2005 1:02:56 PM (2575 views)
Re: Wouldn't Uniformity Be Cool? - David Bloys/TX
6/26/2005 4:01:20 PM (2547 views)
Re: Wouldn't Uniformity Be Cool? - Kevin Ahern/CT
6/26/2005 4:38:20 PM (2549 views)
Re: Wouldn't Uniformity Be Cool? - Patrick Scott/IL
6/27/2005 3:03:57 PM (2449 views)

[+] 2005 Independent Abstractor Report - Jarrod Clabaugh/OH (2 replies)
6/21/2005 4:49:24 PM (2476 views)

[+] VENDOR MANAGERS SPEAK UP - Michael Frank/TX (7 replies)
6/20/2005 7:21:18 PM (2498 views)

[+] Thanks for the E & O info - Kurt deVries/FL (3 replies)
6/20/2005 3:22:07 PM (2279 views)

[+] Closing Company out of business? - Jen McClosky/OH (1 reply)
6/20/2005 1:57:34 PM (2237 views)




[+] QUESTION FOR VM'S: HOW MANY OF YOU... - Scott Perry/PA (10 replies)
6/18/2005 8:33:42 PM (2497 views)

NALTEA conference/newsletter - Douglas Gallant/OH
6/17/2005 6:11:09 PM (1843 views)

D&S abstracting in Indiana - Michael Frank/TX
6/17/2005 3:36:33 PM (2039 views)

[+] Titlesearch USA?????????? - Tammy Knight/MO (12 replies)
6/16/2005 9:44:29 PM (2409 views)

[+] HUD To Officially Annouce RESPA Reform - Jason Sheppard/PA (2 replies)
6/16/2005 11:33:20 AM (2220 views)

[+] E & O Insurance - Kurt deVries/FL (6 replies)
6/16/2005 10:43:02 AM (2145 views)

[+] vendor manager survey numbers - Kim Haase/MT (14 replies)
6/15/2005 12:35:50 PM (2352 views)

[+] NALTEA Social Event - Robert Franco/OH (4 replies)
6/15/2005 10:27:03 AM (3316 views)

[+] ATTENTION VENDOR MANAGERS!!! - Jay Duncan/MO (28 replies)
6/14/2005 4:39:33 PM (2497 views)

[+] Value America - Wanda Steudel/OH (4 replies)
6/14/2005 1:33:45 PM (3362 views)


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