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



[+] Excellent article on our workload downturn - Alix Ott/MI (12 replies)
4/12/2018 6:26:35 AM (4987 views)

Paid - Sara Tressler/PA
4/9/2018 11:57:45 AM (2699 views)

[+] Select Business Services - Smitty Strickland/SC (3 replies)
4/3/2018 6:04:38 PM (4458 views)

[+] ALWAYS GET $ UPFRONT - sam r/FL (4 replies)
4/3/2018 4:30:04 PM (3240 views)

[-] Interesting - F P/VA (2 replies)
4/3/2018 11:32:37 AM (4729 views)
Re: Interesting - Joanna Sturza/MI
4/10/2018 7:55:49 AM (4339 views)
Re: Interesting - F P/VA
4/10/2018 2:24:17 PM (4612 views)

It is slow but some work is done in-house and a lot of work is going overseas.  And our fellow abstractors in the states are lowering their fees to match those overseas just so they can get the work, I guess because a little income is better than no income.  I think they are just delaying the inevitable.  The industry is changing and I feel there will be little to no use for abstractors.  Why pay us when they've hired kids fresh out of high school and pay them minimum wage and quickly train them to do a "search".  No wonder E&O rates are going up, it's not because of us properly trained and schooled abstractors.

I'm twiddling my thumbs most days because I wont lower my fees.  There's some work out there if you want to work for what would equal minimum wage by the time you add up the hours you worked.  I have a lot of friends and relatives in the industry (banks, title companies, etc), I know that several vendor management companies are quietly downsizing due to the slow economy. I have relatives being laid off from a bank that used to do a lot a refinances and another relative and two friends laid off from a title company. Four title companies I worked for went out of business in the last twelve months. And lets not forget that block chain is coming.  I have very little faith that work will pick up.  While I try to figure out what I really want to do next, I've taken a couple of night classes. I still do searches, but have taken on some part time work to cover bills. 

I think "abstractor" is a dying job.  I think technology is changing all the job markets and we need to change with it or get left behind. Maybe I'm wrong, but I'm still taking classes at night just in case.  I used to really enjoy doing title searches.

 

to post a reply: login - or - register






[+] About T-00 Copy in TX for Title Searches - Abhinav Kumar G/TX (3 replies)
3/29/2018 12:32:58 PM (3065 views)

[+] Your Home as see by . . . - David Bloys/TX (2 replies)
3/28/2018 12:39:19 PM (4511 views)

[+] Searchtec - Smitty Strickland/SC (7 replies)
3/28/2018 11:13:41 AM (3327 views)

[+] FNF ACQUIRING STEWART - Heidi Gemeling/FL (2 replies)
3/27/2018 2:21:41 PM (3316 views)

[+] Abacus Tech Services LLC - Brian Gibson - David Bloys/TX (4 replies)
3/26/2018 6:12:10 PM (3054 views)

[+] Block chain - F P/VA (12 replies)
3/25/2018 9:57:09 PM (3485 views)

[+] Equity National Title - Smitty Strickland/SC (4 replies)
3/25/2018 2:59:32 PM (3317 views)

[+] Advanced Digital Sys - William Duncan/NC (3 replies)
3/22/2018 2:33:08 PM (2799 views)

[+] Comment on "Errors & Omissions Insurance: An Expensive Necessity or an Unnecessary Luxury?" - Source of Title/OH (11 replies)
3/14/2018 12:26:10 PM (3533 views)

[+] What Is Your Most Isolated County? - David Bloys/TX (22 replies)
3/13/2018 2:21:39 PM (4933 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:

ATTENTION CIOs, CTOs, VENDOR MANAGERS, AND SUPPLIER MANAGERS
Will Duncan 's Blog
2026/06/15
0 comments

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

Articles

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

NAR Statement On the 21st Century ROAD to Housing Act and More Homes on the Market Act
“The 21st Century ROAD to Housing Act will help increase housing supply, improve affordability, expand opportuniti...
NAR Statement On Sweeping Tax Reform Bill One Year Later
"One year after becoming law, the tax provisions included in this legislation continue to benefit homeowners, consumers,...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates eased slightly last week as oil prices declined. As a result, mortgage applications increased mode...
MBA Statement on FHFA and GSEs' Release of Historical Credit Score Data
“MBA welcomes the release of updated historical credit score data to support the implementation of VantageScore 4....
White House Derails Signing of Bipartisan Housing Bill Backed by Real Estate and Title Industries
A bipartisan housing bill backed by builders, REALTORS® and the title insurance industry passed both chambers of C...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.