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



[+] Blockchain - F P/VA (7 replies)
10/31/2018 11:54:09 AM (4376 views)

Optima-non payer - Jason Knowles/AL
10/30/2018 2:47:50 PM (2136 views)

[+] Lendserv - Jason Knowles/AL (3 replies)
10/30/2018 2:44:38 PM (2825 views)

[+] BoA - kim rase/CO (2 replies)
10/27/2018 4:16:11 PM (2759 views)

[+] Comment on "South Carolina Man Sentenced to 18 Months in Prison For Using Forged Deeds to Steal Homes" - Source of Title/OH (2 replies)
10/27/2018 3:50:19 PM (2647 views)


Real Title Services


[+] Timely Documents Inc - Prem Kumar/NV (12 replies)
10/26/2018 3:21:25 PM (3596 views)

[+] kofile searches - Tom Schmick/OH (3 replies)
10/22/2018 12:32:01 PM (3060 views)

2018 NAILTA/NALTEA Conference - Robert Franco/OH
10/21/2018 5:37:07 PM (3415 views)

[+] Judgement Lien - Abrar Khan/TX (5 replies)
10/16/2018 5:09:56 PM (3348 views)

[+] CALREPORTING 818 AREA CODE - Scott & Sandra Forbes/CA (6 replies)
10/15/2018 3:29:15 PM (2955 views)

Express Services / Derrick Whitaker - Jaime Melvin/NC
10/12/2018 7:22:44 PM (2738 views)

[+] Any word on this company - Karen Knuth/NY (2 replies)
10/10/2018 11:40:23 AM (3667 views)

[-] We can't be Walmart anymore... - Alix Ott/MI (27 replies)
10/9/2018 12:51:44 PM (3908 views)
Re: We can't be Walmart anymore... - ROD HEFNER/KS
10/10/2018 6:53:47 AM (3320 views)
Re: We can't be Walmart anymore... - David Bloys/TX
10/10/2018 7:25:52 AM (3062 views)
Re: We can't be Walmart anymore... - Joyce Obrien/PA
10/10/2018 9:45:50 AM (3209 views)
Re: We can't be Walmart anymore... - Alix Ott/MI
10/10/2018 9:56:59 AM (3229 views)
Re: We can't be Walmart anymore... - Joyce Obrien/PA
10/10/2018 10:12:57 AM (2956 views)
Re: We can't be Walmart anymore... - Alix Ott/MI
10/10/2018 2:36:48 PM (3336 views)
Re: We can't be Walmart anymore... - Kurt deVries/FL
10/11/2018 2:53:22 PM (3116 views)
Re: We can't be Walmart anymore... - Meg Evans/OH
10/15/2018 8:40:18 AM (3091 views)
Re: We can't be Walmart anymore... - Heather St Amant/LA
10/15/2018 8:50:20 AM (3035 views)
Re: We can't be Walmart anymore... - Alix Ott/MI
10/15/2018 9:02:55 AM (3117 views)
Re: We can't be Walmart anymore... - Cheryl Santamaria/CT
10/15/2018 8:58:01 AM (3120 views)
Re: We can't be Walmart anymore... - Scott Tischler/OH
10/15/2018 11:52:01 AM (3133 views)
Re: We can't be Walmart anymore... - g h/SC
10/15/2018 4:16:00 PM (2999 views)
Re: We can't be Walmart anymore... - KIMBERLY  FALCONE/PA
10/22/2018 8:30:57 AM (2550 views)
Re: We can't be Walmart anymore... - John Rawlings/WI
10/22/2018 9:34:52 AM (2473 views)
Re: We can't be Walmart anymore... - Lisa Ramsey/TX
10/22/2018 8:35:51 PM (2489 views)
Re: We can't be Walmart anymore... - Alix Ott/MI
10/23/2018 7:07:56 AM (2536 views)
Re: We can't be Walmart anymore... - James Powell/MI
10/23/2018 10:54:48 AM (2520 views)
Re: We can't be Walmart anymore... - Lisa Ramsey/TX
10/29/2018 8:54:03 PM (2640 views)
Re: We can't be Walmart anymore... - Lisa Ramsey/TX
10/29/2018 8:54:08 PM (2594 views)
Re: We can't be Walmart anymore... - Alix Ott/MI
10/29/2018 10:12:35 PM (2700 views)

I don't understand your first paragraph at all:  "If you are a vendor manager then you are one of the ones keeping the work. The sourcing companies are not keeping the work...they don't want to do the work. That is not what their business is all about. So you are not getting the "crap" we are. "  What do you mean that I am one of the ones keeping the work?  I'm NOT keeping the work.  I farm it out to the abstractors in several states and do my own local counties myself.  I can assure you that I AM getting the crap you are because you're getting it from a lot of nationwide vendor managers.  I could name the companies but that's giving out a client list.  

And we are near the point where no abstractor is needed.  Just look into services like DataTrace.  If what you say is true, where's the work?  Where are all the 1 owner searches we had in 2000 and 2005?  They're gone forever and yet people continue to refinance and buy/sell homes.  So where's the work?  Technology has enabled a handful of people to do what used to take 20 abstractors an hour to complete. 

But this entire part of the discussion has occurred because you seem to think I don't WANT to raise prices.  Of course I do.  I explained why that isn't possible for most of us.  "Why haven't you raised our prices on residential searches in 20 years?"  Because my competitors haven't and because some of  those competitors are working for a few dollars out of India.  If a client wants to outsource because of price and throw quality to the wind, I can't stop them and I certainly can't stop them by raising prices.  Just to keep those that WON'T outsource takes everything I've got to give.  I think on some level you think I'm not the norm.  I assure you I AM the norm and I know that because the abstractors I send work to have not raised their prices either and I've worked with many of them for more than 15 years.  Supply and demand.

I'm sure Stewart is doing the same thing as all the other big companies:  doing the work in house or farming it overseas and that's why THEY can raise their rates.  I know this is a dying industry.  I said 12 years ago I wanted this to last just 10 more years.  I'm beyond the expiration date.  What will allow me to keep going is the work no one else can or will do.  THAT'S where my prices have gone up.

Finally, I believe you think a vendor management company is more like an employer that we actually are.  If my abstractors what to raise their rates, I accept that.  I change the software to reflect that.  I don't understand what you mean when you say "so given the fact that this isn't happening anymore [what isn't happening anymore?  We ARE getting work for originating companies -- usually larger vendor management firms] and they are keeping the orders in their business (huh?), is it us or the vendor management companies that they don't need?"  I don't know what you mean "and they are keeping the orders in their business."  The originating company also keeps it in their business so to speak; but they farm it out.  Just like a vendor manager.  And of COURSE abstractors try to go directly to the source and sometimes succeed.  But like I said, there are some big companies out there who'd rather have a handful of middle men and pay a 20% premium then have to deal with dozens or hundreds of individuals.  "After all, unlike them, we have all of the records, not them."  We have same records as anyone else.  I STILL don't understand what you mean.  I AM AN ABSTRACTOR.  I have the same records and go to the same Registers of Deeds offices as those I farm out to -- just in a different location.

TTFN (ta ta for now).  It's after 10 and I need to go to bed so I can get up at 5 and start another day of this.

to post a reply: login - or - register


Re: We can't be Walmart anymore... - David Bloys/TX
10/23/2018 7:13:16 AM (2477 views)
Re: We can't be Walmart anymore... -  ABSTRACT SOLUTIONZ /TX
11/7/2018 3:46:38 PM (2371 views)
Re: We can't be Walmart anymore... - Alix Ott/MI
11/7/2018 3:57:43 PM (2646 views)
Re: We can't be Walmart anymore... -  ABSTRACT SOLUTIONZ /TX
11/7/2018 4:08:37 PM (2659 views)
Re: We can't be Walmart anymore... - David Bloys/TX
11/22/2018 8:23:55 PM (2367 views)
Re: We can't be Walmart anymore... - Alix Ott/MI
11/23/2018 7:33:20 AM (2381 views)

[+] Poise Infosystems - Jim A/WV (3 replies)
10/8/2018 7:20:47 PM (2995 views)

[+] USlandrecords vs. "Co-file" - stephen willard/OH (22 replies)
10/5/2018 8:42:57 AM (3811 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 8961 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:

U.S. Housing Market Hits 30-Year Low in Home Sales: Causes and Consequences
Marissa Berends's Blog
2025/09/08
0 comments

Understanding Mineral Rights and the Importance of Trained Mineral Researchers
Marissa Berends's Blog
2025/09/05
0 comments

FHFA Title Acceptance Pilot: What to know
Marissa Berends's Blog
2025/09/02
0 comments

Articles

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

Commercial and Multifamily Mortgage Delinquency Rates Increased in Second-Quarter 2025
“The delinquency rate for commercial mortgages increased in the second quarter of 2025 across most major capital s...
MISMO Publishes Updated Charge and Fee Naming Guide for Industry Use
“The Naming Guide empowers lenders to deliver a more transparent, efficient, and compliant mortgage experience for...
Holland & Knight Files Amicus Brief on Behalf of American Land Title Association Contesting AML Regulations for Residential Real Estate Transactions
ALTA, the national voice of the title insurance and settlement services industry, has approximately 5,700 company member...
Mortgage Application Payments Increased in Latest MBA Weekly Survey
“Mortgage rates declined for the second consecutive week as Treasury yields moved lower on data indicating that th...
NAHB Calls on Congress to Protect Energy Choice
The National Association of Home Builders today called on Congress to help ease the housing affordability crisis by supp...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.