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



[+] Stateside Oil and Gas - Larry Platt/PA (1 reply)
4/24/2018 3:00:03 PM (3576 views)

[+] Jayleen Myrah - Jim A/WV (20 replies)
4/20/2018 9:00:22 AM (3906 views)

[+] Fast TrackTitle-WARNING - Jason Knowles/AL (5 replies)
4/18/2018 3:51:53 PM (3147 views)

Back Title - Sara Tressler/PA
4/16/2018 4:11:22 PM (2701 views)

[+] Comment on "Florida Agency Network Closes First Refinance E-Closing Using Remote Online Notary" - Source of Title/OH (1 reply)
4/16/2018 11:01:42 AM (2925 views)


Real Title Services


[+] Virtual Office Address - Serena Stout/VA (1 reply)
4/13/2018 3:38:30 PM (2772 views)

[+] Excellent article on our workload downturn - Alix Ott/MI (12 replies)
4/12/2018 6:26:35 AM (4644 views)

Paid - Sara Tressler/PA
4/9/2018 11:57:45 AM (2392 views)

[+] Select Business Services - Smitty Strickland/SC (3 replies)
4/3/2018 6:04:38 PM (4169 views)

[+] ALWAYS GET $ UPFRONT - sam r/FL (4 replies)
4/3/2018 4:30:04 PM (2899 views)

[-] Interesting - F P/VA (2 replies)
4/3/2018 11:32:37 AM (4413 views)
Re: Interesting - Joanna Sturza/MI
4/10/2018 7:55:49 AM (3653 views)
Re: Interesting - F P/VA
4/10/2018 2:24:17 PM (3912 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 (2737 views)

[+] Your Home as see by . . . - David Bloys/TX (2 replies)
3/28/2018 12:39:19 PM (4114 views)

[+] Searchtec - Smitty Strickland/SC (7 replies)
3/28/2018 11:13:41 AM (2990 views)

[+] FNF ACQUIRING STEWART - Heidi Gemeling/FL (2 replies)
3/27/2018 2:21:41 PM (2988 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:

Fannie Mae Drops Minimum Credit Scores
Security American's Blog
2025/11/10
0 comments

Understanding O&E Title Searches
Security American's Blog
2025/10/29
0 comments

AI Powered Title Plant
Michael Gigliotti's Blog
2025/10/23
0 comments

Articles

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

NAR Forecast: Home Sales Expected to Jump 14% in 2026
Mortgage rates are projected to decline modestly, averaging around 6% in 2026. Yun emphasized that while rates are influ...
American Land Title Association Welcomes End of Government Shutdown
“The American Land Title Association is pleased that Congress and the administration have reached an agreement to ...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Purchase applications picked up almost 6 percent over the week to the strongest pace since September, despite mor...
Former President of Allentown Title Company Sentenced to 54 Months in Prison for Defrauding Title Insurance Underwriter, Clients, and U.S. Government
United States Attorney David Metcalf announced that Louis Belletieri, 44, of Allentown, Pennsylvania, was sentenced toda...
National Association of REALTORS® Appoints First-Ever Chief Data Officer to Advance Innovation and Member Value
"Data is one of NAR's most important strategic assets – and the way we structure and use it will shape where our a...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.