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Currents of Change: Title Industry Blogs

By
Real Estate Agent with Integrity Real Estate

The mere mention of the title industry in the caption of this post dooms it to inevitable ambiguity obscurity.  The topic, perceived as draconian, clearly lacks sex-appeal.  As a title company owner, I was often dismayed by the audacious remarks of real estate agents who thought they knew my job better than I did. Trust me, they didn't.  Only those who have worked in the notoriously "behind the scenes" industry could begin to comprehend the risk and transactional complexities faced daily by title professionals in 2007.

It was one year ago today that I first commented on Diane Cipa's edgy and sometimes irreverent blog, Radical Title Talk.
  Diane had written a post accusing Affiliated Business Arrangements (AfBAs) of polluting the integrity of all who participated in them.  I concurred with a lengthy, toxic response of my own.  The AfBA, from the perspective of the independent title agent, is analogous to a noose at a lynching.  Radical Title Talk has distinguished itself as the origin of title industry blogging such as it is.  Thanks to Diane's relentless devotion to real world issues, I realized that blogging could be much more than a vehicle of self-promotion; it could be employed as a legitimate communication platform.  That single comment blossomed into a realization that a hungry audience existed nationally and that I indeed had a voice. 

After several failed attempts, my own blog, Title-opoly, was born.

To my way of thinking, bloggers have a responsibility to explore fresh avenues.
  We have an obligation to provocatively incite change. There’s a faint rumble in the distance thats audible to all who choose to relinquish thoughts to matters of conscience.  Listen closely to hear the repressed voice of the consumer metaphorically flowing over the brim.  For too long, an arcane system that shrouds consumers in darkness during the one authentic purchase of a lifetime has evaded scrutiny.  

Blogging provides the desperately needed transparency that in turn describes the business model of the new millennium.

Regrettably, cyber-chatter hasn't been well received by title folks who tend to be somewhat reserved and withdrawn by nature
.  I say regrettably, because the industry sorely needs the cohesion that shared dialog could provide as it transitions from something that it was in the past to something that it's expected to be in the present.  The interactive effect of blogging, if harnessed effectively, could be the awaited messiah of a beleaguered profession that's complacently following the evolutionary path of the horse drawn carriage.

 I've decided to share the active title industry blogs, outside of Active Rain, of which I'm aware.  Sadly the headcount is startling low. 

All are well written and highly informative. 

I encourage you to take the time to support the efforts of these brave pioneers and encourage your title professional of choice to join in the adventure.


Title Industry Blogs: 


Steve Dalton
219-465-8352 - Valparaiso, IN
Northwest Indiana Home Builder

Ed, thanks for showcasing all these blog sites.  I have added every one of them to my reader, and will key an eye on them during the next couple weeks.  A few I had a chance to comment on posts as well, I have to agree a very engaging group!

In general, as I posted at your site, I am concerned about the talk of government bail outs for the bond holders on sub prime loans.  I continute to also be concerned about the title business ending up being one or two major insurers, who increase regulations and costs high enough to keep everyone else out.

Dec 02, 2007 07:58 AM
Ed Rybczynski
Integrity Real Estate - Havre de Grace, MD
Your Source for Local Real Estate

Ron

I knew the Hausner family well and did numerous closings for Fran and Steve.  In fact, I still own a building on Eastern Ave. (about two blocks from where the restaurant was located) that I bought from the family trust. 

Of course, I've been to Attmans more times than I can remember. 

You're right about the neighborhoods in Baltimore defining the person.  I would have selected Canton had the option existed.  Thanks for the comment. 

Dec 02, 2007 08:09 AM
Diane Aurit
LKN Realty, LLC - Mooresville, NC
Lake Norman Real Estate
Ed:  I was a Realtor in CA for 15 years and then moved to North Carolina where we have attorney closings.  It is now that I truly appreciate title companies because I don't have anyone to call to get preliminary title reports etc.  The attorneys pick the title companies and we never see any title info other than what we get on the county websites.  It seems so backwards.  How can we start working directly with title companies so that we can better serve our clients?
Dec 02, 2007 08:10 AM
Ed Rybczynski
Integrity Real Estate - Havre de Grace, MD
Your Source for Local Real Estate

Steve

A number of the blogs are hosted by some of the most gifted and intelligent writers that I've encountered online.  I'm glad your enjoying the list.

Title insurers are definitely making moves at this time.  Where the game will end is anyones guess.  Essentially information, including title related information, is now free.   As title underwriters try to transform their product into a casualty form of insurance, we'll see premiums drop dramatically.  That single event will mark the end of the title industry as we know it.

I predict that Old Republic Title is in dire straits and will be forced to merge with First American or Fidelity National.  After that there are only four players.  Stewart Title and LandAmerica will have trouble competing in the long run. 

I predict, as well, that we'll see title insurers emerge as real estate brokers before all is said and done.  The sales commission is the only lucrative goal that I can envision after information sales and title premiums are eliminated from the revenue matrix.

Dec 02, 2007 08:21 AM
Jonathan Benya
The Benya Group - Waldorf, MD
The Benya Group
I LOVE IT when bloggers include the links to their related subject matter!  Thank you very much for giving us easy access to some of these great blogs!
Dec 02, 2007 08:35 AM
Ruthmarie Hicks
Keller Williams NY Realty - 120 Bloomingdale Road #101, White Plains NY 10605 - White Plains, NY
This is great!  I'm bookmarking all of this for future reference!
Dec 02, 2007 09:28 AM
Ed Rybczynski
Integrity Real Estate - Havre de Grace, MD
Your Source for Local Real Estate

Diane

I wish that there was an easy answer, but there's not.  The control that North Carolina law offices exert in RE transactions is far more than custom, it's legislated into statutes.   I did pre-titles in the state as an REO outsource and was forced to deal with the attorney monopoly that exists.  It's an exaggerated example of non-transparency.

It's also one of those things that's not likely to change for a very long time because state legislators typically have law practices and want to secure their own futures and take care of their colleagues.

Dec 02, 2007 09:35 AM
Ed Rybczynski
Integrity Real Estate - Havre de Grace, MD
Your Source for Local Real Estate

Jonathan and Ruthmarie

Enjoy the links.  They will take you to invaluable sites authored, in some cases, by industry giants and visionaries.  Title agents play a greater role in transactions than is generally recognized. 

Dec 02, 2007 09:44 AM
Fran Gatti
RE/MAX Integrity - Medford, OR
Managing Principal Broker - RE/MAX Integrity

Ed,

I find every aspect of real estate interesting and being informed is giving my clients great customer service.  Thanks for pointing out these posts.

Dec 02, 2007 09:45 AM
Ed Rybczynski
Integrity Real Estate - Havre de Grace, MD
Your Source for Local Real Estate

Fran

You're very welcome.  I'm totally addicted to a number of the sites. 

Dec 02, 2007 09:47 AM
Anonymous
Diane Cipa

I predict that Old Republic Title is in dire straits and will be forced to merge with First American or Fidelity National.  After that there are only four players.  Stewart Title and LandAmerica will have trouble competing in the long run. 

I predict, as well, that we'll see title insurers emerge as real estate brokers before all is said and done.  The sales commission is the only lucrative goal that I can envision after information sales and title premiums are eliminated from the revenue matrix.

 

I predict you are right on and that's why Realtors should pay close attention to who owns the MLS platforms and who is developing the most interesting web portals for free listing promo.

 

Nice post, Ed and thanks for the links! 

Dec 02, 2007 09:49 AM
#41
Ed Rybczynski
Integrity Real Estate - Havre de Grace, MD
Your Source for Local Real Estate

Diane

As you know, blogging about title industry issues isn't very easy.  Thanks for commenting.  As always, we agree on everything substantive. 

Dec 02, 2007 10:11 AM
Robert L. Brown
www.mrbrownsellsgr.com - Grand Rapids, MI
Grand Rapids Real Estate Bellabay Realty, West Mic
I just bookmarked this site. Very informative post. I dont get in the way of my title people and they don't step on my toes either. We do need EACH other.
Dec 02, 2007 01:09 PM
Brad Andersohn
Retired Executive Director of Education at eXp - Boulder Creek, CA
ActiveBrad - 707.646.1876
Ed - I knew that, just seeing if you're reading my comments! LOL! :-)  Wasn't trying to "Rob" your post! Sorry man, I was on the puter way tooo long this week!  :-)  I'll let you know if I find any other blogs worthy of mention!  Thanks Ed, have a great week!  :-)
Dec 02, 2007 02:21 PM
Ed Rybczynski
Integrity Real Estate - Havre de Grace, MD
Your Source for Local Real Estate

Robert - You're right, the players in a RE transaction definitely need each other.

Brad - You have a great week as well!

Dec 02, 2007 09:45 PM
Diane Aurit
LKN Realty, LLC - Mooresville, NC
Lake Norman Real Estate
Ed, thanks for your insight on NC.  Now I feel like I need to take this on!  I have talked with one title company and they seemed open to providing preliminary title reports.  I have asked my attorneys how they choose title companies and they usually respond...lowest rates.  But, do they get senior discounts like many title companies offer and do they get reduced rates if the turnaround is less than 2 years?  Gosh, now I am energized to take this on because I think it is part of the role of a Realtor to know about the title issues related to their clients purchase of property.  Thanks again for listening:)
Dec 02, 2007 11:18 PM
Greg Knowles Santa Barbara Ca.
Fidelity National Title Group-Santa Barbara - Santa Barbara, CA
Being in the title industry for 26 years in California might qualify me as an expert or maybe just a glutton. Maybe both! I wanted to make one comment regarding affiliated title companies. I worked for one for 16 years and their model is certainly different than a non affiliated company. I am convinced that if you operate a title business under either one of these models you can do it honestly. I think a large number of companies are honest. My industry as a group has made some very poor decisions and has been very creative in finding a way to attract referrals from agents and lenders. I do however think that if more agents and lenders were truly educated on what makes up a kick back there would be a lot fewer of them. Thanks for the links to the other blogs, I'm going to do my best in the future to be an active member of my industry in the blogosphere. I really liked your opening line. Obscurity is where I live. See You In Escrow
Dec 03, 2007 06:34 AM
Ed Rybczynski
Integrity Real Estate - Havre de Grace, MD
Your Source for Local Real Estate

Diane - Let me know if I can do anything to help.

Greg - I appreciate your insight and agree with everything said.  A great part of the problem is the huge disparity between states when it comes to title industry practices.  A day in the life of a California title professional is much different than that for a title professional in Virginia.  In some states the AfBA makes good business sense while in others it gets somewhat questionable.

Dec 03, 2007 09:43 PM
Dave Wirsching
Community First Abstract - Blue Bell, PA

Thanks for the link. 

I want to also acknowledge it was the blogs hosted by you, Diane Cipa and Robert Franco that convinced me to join the fray.

A little over a year ago I started lurking, quickly was drawn into posting, and finally took the plunge into blogging last spring.

Since there are few outlets focused on title industry news and none that provide editorial content, the blog sphere has become my source of news and analysis of the title industry.  It has definitely impacted my prospective on the industry and helped me considerably in navigating these treacherous times.

It takes time, but it has been well worth the effort. I encourage everyone to visit the blogs outside active rain, absorb the ideas, and participate.

Dec 06, 2007 09:07 PM
Anonymous
Diane Cipa

Just a heads up.  The link to Radical Title Talk is going to a blog unrelated to me.  I deleted Radical content and someone else has picked up the name.  ;)

 

Diane

Aug 04, 2011 03:49 AM
#50