Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[+] infoTrack - Frank Navarro - Traci/AL (7 replies)
11/10/2004 11:09:59 AM (2908 views)

[-] Competing With Online Searches - Compass Abstracts/FL (19 replies)
11/10/2004 12:25:40 AM (2694 views)
Re: Competing With Online Searches - Judy Nisonger/CA
11/10/2004 3:25:46 AM (4138 views)
Re: Competing With Online Searches - terezia pataki/FL
11/10/2004 10:25:18 AM (4201 views)
Re: Competing With Online Searches - Shannon Blatt/VA
11/10/2004 11:24:25 AM (4101 views)
Re: Competing With Online Searches - Lisa Ramsey/TX
11/10/2004 11:39:15 AM (4232 views)
Re: Competing With Online Searches - Judy Nisonger/CA
11/10/2004 1:16:20 PM (4000 views)
Re: Competing With Online Searches - Compass Abstracts/FL
11/12/2004 12:02:04 AM (3943 views)
Re: Competing With Online Searches - Kurt deVries/FL
11/12/2004 1:52:22 PM (4045 views)
Re: Competing With Online Searches - Compass Abstracts/FL
11/12/2004 11:36:49 PM (4050 views)
Re: Competing With Online Searches - Rebecca Barney/FL
11/15/2004 10:20:02 AM (3982 views)
Re: Competing With Online Searches - Douglas Gallant/OH
11/10/2004 5:43:16 PM (4010 views)
Re: Competing With Online Searches - David Bloys/TX
11/10/2004 8:02:37 PM (4010 views)
Re: Competing With Online Searches - Douglas Gallant/OH
11/11/2004 4:48:27 PM (4001 views)
Re: Competing With Online Searches - Jeanne Johnson/MN
11/11/2004 1:53:53 PM (4086 views)
Re: Competing With Online Searches - Compass Abstracts/FL
11/12/2004 12:13:11 AM (4000 views)
Re: Competing With Online Searches - Douglas Gallant/OH
11/12/2004 6:06:17 PM (3792 views)
Re: Competing With Online Searches - Compass Abstracts/FL
11/12/2004 11:29:13 PM (3939 views)
Re: Competing With Online Searches - Judy Nisonger/CA
11/13/2004 1:18:57 AM (3954 views)
Re: Competing With Online Searches - Robert Franco/OH
11/13/2004 4:44:23 PM (4077 views)

I have to agree with Doug on this... I would just refer the client to the other abstractor; and hope that when the other abstractor is in a similar position, they will refer work to me.  In fact, I have found this works quite well.

The problems with sub-contracting orders out are:

1.)  You still have an E&O concern.  If there is a problem with the search, your client will come back on you (they ordered it with you, you billed for it, you were paid for it).  If the abstractor you used had E&O you could try to make a claim against them for your loss, but your E&O still has the duty to defend you. 

Also, E&O is a claims made policy.  That means that if the policy is not in force at the time the claim is made, there is no coverage.  Therefore, if the abstractor you used gets out of the business, gets their policy canceled, dies, etc... there won't be any coverage to fall back on.  Your E&O would have to cover it, therefore, I think your rates would be higher if you were going to subcontract to others.

2.)  Turn-Around-Time would increase.  You are adding more steps to the process and it will ultimately take longer to get it back to the client.  Also, as Doug pointed out, if they have questions on the order, you have to call another abstractor and call the client back.  It would be more efficient to have the client deal directly with the abstractor.

3.)  Your reputation is on the line.  The client placed the order with you, they may expect that you will do it.  If the other abstractor does a lousy search, or takes too long to get it back, it will reflect poorly on you.  Usually, I think if you refer them to another abstractor, they will appreciate the help but won't blame you if the abstractor isn't the quality they expected.

4.)  There really isn't any more money in doing it this way.  You are splitting the usual fee, you would make the same amount of money just referring clients - assuming an equal amount of reciprocation.

In short, by referring the client to the abstractor, you get to charge your full fee for the work you do, and you don't incur any liability for work you didn't do.

Robert A. Franco
SOURCE OF TITLE

to post a reply: login - or - register


Re: Competing With Online Searches - Judy Nisonger/CA
11/13/2004 5:26:40 PM (3906 views)

[+] Associations - Judy Nisonger/CA (2 replies)
11/9/2004 5:01:27 PM (2559 views)

[+] Surfin' - Judy Nisonger/CA (1 reply)
11/9/2004 4:27:31 PM (2420 views)

[+] Post NALTEA Conference Meeting - Robert Franco/OH (5 replies)
11/9/2004 3:17:19 PM (2446 views)




[+] NCSTATE BAR TRYING TO SHUT DOWN INDEPENDENT PARALEGALS - Donna Grady/NC (4 replies)
11/9/2004 11:28:24 AM (2654 views)

[+] 3000 - Shannon Blatt/VA (3 replies)
11/8/2004 5:20:02 PM (2460 views)

[+] Zeno Data - Matthew DeLand/NY (5 replies)
11/8/2004 4:49:23 PM (2573 views)

[+] 3S Realserv - Lynn Hammett/SC (2 replies)
11/8/2004 2:57:49 PM (2703 views)

[+] Searcher Owes Insurer For Missed Judgment - David Bloys/TX (12 replies)
11/8/2004 1:53:09 PM (2716 views)

[+] For Judy - Shannon Blatt/VA (1 reply)
11/7/2004 3:33:55 PM (2425 views)

[+] Client of the Month - Shannon Blatt/VA (7 replies)
11/6/2004 6:49:33 PM (2477 views)

[+] Hanc Group - Susan Raynard/MA (1 reply)
11/6/2004 1:21:44 PM (2450 views)

[+] Does anyone know G Docs - Jacqueline Costa/RI (2 replies)
11/6/2004 10:55:43 AM (2505 views)

[+] Blue Sky Laws - Judy Nisonger/CA (5 replies)
11/5/2004 7:35:53 PM (2664 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8973 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

What Is Title Insurance & Benefits
Michael Stelzer's Blog
2026/03/14
0 comments

The Source of Title - Part I: Freedom Written, Freedom Insured
Ben DuBay's Blog
2026/02/15
0 comments

Shared Driveway Agreements
Marissa Berends's Blog
2025/12/10
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Title Resources Group Welcomes New Regional Manager
Title Resources Group, one of the nation's leading title insurance underwriters, is pleased to welcome Jalila Dado as Re...
Q1 GDP Commentary from MBA's Mike Fratantoni
“Inflation jumped higher during the quarter, with the PCE index increasing at a 4.5 percent annualized rate, up fr...
MBA Annual Report Finds Total Commercial Real Estate Borrowing and Lending Increased 40 Percent in 2025
“As capital markets conditions stabilized in 2025, there was a meaningful rebound in commercial real estate lendin...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage rates increased slightly last week, with the 30-year fixed rate rising to 6.37 percent. The increase in ...
First American Title Introduces AgentNet® Assist: Title Intelligence, an AI-Powered Document Analysis Capability
“This AI-assisted capability streamlines repetitive, time-intensive tasks, helping reduce processing time by as mu...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.