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[+] 2005 Independent Abstractor Report - Jarrod Clabaugh/OH (2 replies)
6/21/2005 4:49:24 PM (2719 views)

[+] VENDOR MANAGERS SPEAK UP - Michael Frank/TX (7 replies)
6/20/2005 7:21:18 PM (2768 views)

[+] Thanks for the E & O info - Kurt deVries/FL (3 replies)
6/20/2005 3:22:07 PM (2571 views)

[+] Closing Company out of business? - Jen McClosky/OH (1 reply)
6/20/2005 1:57:34 PM (2513 views)

[+] QUESTION FOR VM'S: HOW MANY OF YOU... - Scott Perry/PA (10 replies)
6/18/2005 8:33:42 PM (2726 views)




NALTEA conference/newsletter - Douglas Gallant/OH
6/17/2005 6:11:09 PM (2042 views)

D&S abstracting in Indiana - Michael Frank/TX
6/17/2005 3:36:33 PM (2265 views)

[+] Titlesearch USA?????????? - Tammy Knight/MO (12 replies)
6/16/2005 9:44:29 PM (2638 views)

[+] HUD To Officially Annouce RESPA Reform - Jason Sheppard/PA (2 replies)
6/16/2005 11:33:20 AM (2454 views)

[+] E & O Insurance - Kurt deVries/FL (6 replies)
6/16/2005 10:43:02 AM (2405 views)

[+] vendor manager survey numbers - Kim Haase/MT (14 replies)
6/15/2005 12:35:50 PM (2587 views)

[+] NALTEA Social Event - Robert Franco/OH (4 replies)
6/15/2005 10:27:03 AM (3618 views)

[+] ATTENTION VENDOR MANAGERS!!! - Jay Duncan/MO (28 replies)
6/14/2005 4:39:33 PM (2718 views)

[+] Value America - Wanda Steudel/OH (4 replies)
6/14/2005 1:33:45 PM (3624 views)

[-] E & O Insurance - Michael Frank/TX (6 replies)
6/14/2005 12:35:15 PM (2749 views)
Re: E & O Insurance - Robert Franco/OH
6/14/2005 12:44:36 PM (3829 views)
Re: E & O Insurance - Kevin Ahern/CT
6/14/2005 2:50:32 PM (3477 views)
Re: E & O Insurance - Jay Duncan/MO
6/14/2005 4:35:11 PM (3459 views)
Re: E & O Insurance - Michael Frank/TX
6/14/2005 5:53:23 PM (3488 views)
Re: E & O Insurance - Kevin Ahern/CT
6/14/2005 6:19:11 PM (3763 views)
Re: E & O Insurance - Anne Gilbert/VT
6/19/2005 7:12:41 AM (3321 views)

I keep hoping that there will be fewer vendor managers.  Here in Vermont we have precious few title abstractors to cover the entire state, and literally hundreds of VMs. Most VMs send us anywhere from one search a month to one search a year.  They still expect instantaneous turnaround time and hassle us as to price.  To my way of thinking, there are way too many VMs in this world.  They are going to compete themselves out of business, and what will be left  are the title abstractors who are doing the original research that can't be done any other way.  We can hand off our research to pretty much any VM, their value-added contribution is sheer paper-pushing.

Not to mention a big concern of mine, which is what VMs do with our research once they get it.  We frequently find ineffective mortgage satisfactions in our Land Records. We frequently find poorly drafted deeds and legal descriptions.  Although we report these matters, it doesn't appear that the VM companies always move to clear the clouded title issues, nor does it appear that the VMs utilize Vermont legal counsel when they attempt fixes.

I carry E&O, lots of it.  My reasons are double: first to protect myself from my own mistakes and those of my town clerks, and second to protect myself from the VMs.

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