Your observations on licensing are correct. However, in many states a test is required in order to obtain the license, and that may be something to be considered. Here in Connecticut abstractors are not licensed, but appraisers, notaries and attorney's are, and all must pass a test in order to get the license. In the case of attorney's they are licensed to abstract through their licences to practice law. The scenario that you discribed locally sounds like exactly what I am talking about on a national level. In recent years the focus of the closing business, at least here in Connecticut, has shifted from the attorneys to the title companies. The lenders in stead of contacting attorneys to do their closings and provide title insurance are going directly to the title companies for this. ...a one stop service for the lenders closing needs. The title companies although active on a national basis depending on the lenders they service at the time do not always (and in most cases) do not maintain offices in each state. Rather they maintain lists of searchers, surveyors, appraisers, attorney's etc. in each state, and place orders with them on an as needed basis. In effect the title companies are in the same boat that the lenders used to be. What I am suggesting is make a similar proposal to the title companie as the one they made to the lenders... a one stop service for the title companies title needs. ...one call to the corporation we form, and that corporation then contacts the member searchers, appraisers, etc. One of the law firms here in Connecticut recently went over to this system. The name of the game seems to be ease of service combined with quality and speed. The law firm did not lower the fees paid to the searchers, but received improved performance for the same money

to post a reply: login - or - register