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[+] Hey Kurt! - J Nisonger/CA (3 replies)
10/24/2005 12:06:20 AM (3124 views)

[+] Whine, whine, whine... - Jay Duncan/MO (6 replies)
10/23/2005 10:43:57 PM (4304 views)

[+] Here we go again!! - Kurt deVries/FL (4 replies)
10/21/2005 3:38:08 PM (3280 views)

[+] Code of Ethics - Jay Duncan/MO (8 replies)
10/21/2005 10:35:01 AM (4399 views)

[+] research time? - GORDON TINSLEY/CA (9 replies)
10/20/2005 4:54:52 AM (3463 views)




[+] QUICK POLL - Scott Perry/PA (35 replies)
10/19/2005 9:55:01 PM (3551 views)

[+] This has been bugging me . . . - Michaela Urban/OH (21 replies)
10/18/2005 9:57:44 AM (3561 views)

[+] New member of Phoenix Document Service! - Kurt deVries/FL (10 replies)
10/17/2005 4:50:18 PM (3482 views)

[+] LENDERS SERVICES DIRECT TULSA, OK - Becky Kale/IL (4 replies)
10/17/2005 2:22:31 PM (3444 views)

[+] Okay, another question. - Tammy Knight/MO (4 replies)
10/16/2005 10:18:06 PM (3260 views)

[+] Fed up! - Spencer Kinsey/AR (5 replies)
10/15/2005 12:36:11 PM (3358 views)

[+] indexing - Douglas Gallant/OH (6 replies)
10/15/2005 12:31:46 PM (3138 views)

Questions about VMC's - Donna Grady/NC
10/14/2005 10:32:19 PM (2626 views)

[+] Anyone heard of this company.... - Loretta Reed/MD (1 reply)
10/14/2005 1:16:42 PM (3331 views)

[-] A word about prices... - Robert Franco/OH (5 replies)
10/13/2005 5:40:44 PM (3611 views)

Most of us abstractors work for many different companies.  Many of those companies are vendor management companies - middlemen.  They keep popping up, grouping together a bunch of us abstractors, and going to the lending institutions, or in some cases other VMCs, and offering lower prices to get the work.

Now the strange thing is the abstractors are mostly the same bunch that actually do the work. Yet, every time they go back to the abstractors and say "I'm getting a big new client and I need you to lower your prices" the work is being lost from another VMC which some abstractor (maybe the same one) is already getting.

The point is that every time a group of abstractors is put together under a new umbrella there are more pressures to lower prices.  Why do abstractors keep lowering their prices to get work they are probably already getting from a different client?

There is only so much work out there, and only so many abstractors that actually do the searches.  The only thing that actually changes is the name of the client and fee they are willing to pay.  Those who do the work need to be setting the prices - not the middleman who is only getting the work because they know that they can force the abstractor to take the hit.

Just my $0.02,
Robert A. Franco
SOURCE OF TITLE

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Re: A word about prices... - Kurt deVries/FL
10/14/2005 9:39:16 AM (5161 views)
Re: A word about prices... - Robert Breakell/CT
10/14/2005 9:50:44 AM (5220 views)
Re: A word about prices... - Robert Franco/OH
10/14/2005 12:03:18 PM (5237 views)
Re: A word about prices... - Scott Perry/PA
10/14/2005 5:24:10 PM (5153 views)
Re: A word about prices... - Bo Hope/AR
10/16/2005 1:55:51 AM (5131 views)


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