Sandra,

All points well taken, but as with all industries, I think we will see somewhat of a cyclical effect. In a positive economy, the risks are low and the intent is to reduce the cost to the consumer, make the process more "friendly" and faster to accomodate those who are more impulsive. I think there will always be a need for knowledgable title searchers, even in the more automated fashion. My sense is thought that we all need to keep pace with an industry that is going to grown and expand. Your "preaching" isn't unfounded at all, but like so many other things, a determination of potential risk is made and from there a business decision follows. I think alot of it has to do with the type of loan and the level of both lender and borrower. In our case, our customers are dealing with "A" credit borrowers who are existing customers, thus the owner verfication is all that is necessary. I'm always open to other opinions, as well as being challenged by other viewpoints. One of the things I pride myself on is contracting only with experienced and skilled abstractors on behalf of our customers, and ultimately the borrowers. It is they who would suffer by using less, even if the cost could be reduced. I'm sure in your 20 years in the industry you have seen a real migration of change, just in the past few years it has been phenominal! I'm sure we'll see a wealth more in the coming ones.

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