Just curious, I have heard of numerous LTIC and CLTIC people being let go this week. Is it just these people or is Fidelity and Chicago laying off their current employees, too? They say this will continue in to tomorrow. Does anyone out there have a clue as to what is going on for sure or how they are determining who stays and who goes?
I saw that movie "Slumdog Millionaire" and my first thought was how in the world could we ever compete wage wise with that mess in India. Instead of getting financial gain by sending the work overseas, wouldn't it nice for someone to just figure out how to make American workers more productive by using enabling technology.
Most production work that I have seen lately is a mess with processes that require people to go all over the internet to find bits and pieces of information. This is what happens when the people creating a "system" do not understand the essense of what they are doing.
I thought it was pretty good. The lawyer must be about 30 and has five years in the industry :) so the comment probably didn't hurt anyone's feelings. In fact, there is not anything that anyone can say to hurt the feelings of most experienced title people. Except that four letter word and it starts with a c... and only then because it's probably true. However, in the title industry what has anyone sent out of the country other than a little typing...hey - someone outsource me to India, or Costa Rica for a while. Give me a monitor there, one here... hmmm... that might be fun since I've had one vacation with no phone calls in 20 years. Oh and Mr. Attorney if you are older than thirty and have been in the title industry more than five years, forgive me. That must mean you are in Management and I would not want to worry about job security over hurting your itty bitty feelings. LOL
Your message has to be one of, if not the most, uninformed opinions I have seen on this board about this subject.
Outsourcing has a place in the title industry. The world seems a much smaller place with the current technology. Data conversion performed overnight while America sleeps is good for the industry. However, I can assure you those are not "the good jobs". Jobs yes, and worth doing from both points of view, but hardly "the good jobs".
Title insurance done correctly is a profession. It takes an apprentiseship to learn the basics and a journeyman's tour to become anything approaching capable. A master at the craft takes decades. This is a profession that is often a family tradition handed down from one generation to the next. That custom didn't spring forth without reason. Its not unlike teaching a child to first crawl, then walk, then run and finally to be an olympic distance runner. It takes time and dedication. Not something appealing to the Me and Me Now generation.
Its also VERY localized. Acceptable practices, work arounds, work outs and the like vary greatly even at distances as short as 30 miles. Knowing ones area, being familiar with its history, its who's who and where it all fits is invaluable. One doesn't just walk in off the street and go to work in "the good jobs". For one; you don't know what you are doing; and for two, nobody is going to trust you to work their case. They can spot a phony a mile away.
This is a relationship business where trust is earned through the apprentise/journeyman roles, Only when you are capable are you "trusted" with a book of business. That trust is only as good as your last deal. Blow it and you have to earn your way back.
Even with the benefit of having raw data input over night the local person that works that case has to know it top to bottom and upside down, inside out. The realtor, the lender, the attorney, the purchaser or seller or a host of others look to the title person to answer every question of title (and some that aren't title questions). If you have that deer in the headlights look your credibility is sunk. The fastest way to get up to speed on a case is to work it from its conception hands on, or at least, with a careful overview. If the raw data has been input from afar you still have to review every detail to be prepared for that zinger problem thats sure to come up. In doing so you (for the most part) negate the benefit of having someone else perform the lower level tasks. You don't get the bang for your buck the stockholders thought they were getting and sets up the "how's this happening?" that the clueless management can not understand.
This is where LandAm went astray. The powers that be (or were) served no apprentiseship, had no clue how the business they were attempting to run worked or why it wasn't working after they decreed new practices from on high. How often I heard them lament that LandAm sold widgets and widgets could be manufactured anywhere so long as the familiar face in the office front passed them out. How wrong. If only they had served a tour on the battle front a dynasty could have been preserved.
If you are a stockholder think long and hard about where foreigners can increase the value of your asset. About what roles they can play that adds real value and savings. There are some and they do add real value and savings. But it isn't "the good jobs". In this business its not about race, its about knowledge and know how, about how and when to apply it and that knowledge is colorless. Remember the "foreigner" might be as close as the next town over. If he is red, white, black or yellow and adds real value to your book of business he's an asset. If he just takes up space and profit he's not an asset. Its really as simple as that.
I believe you need to think about what you are saying and get your terminology correct. It's not "racist" because that implies that it is based on race. You mention "whites" and "foreigners". There are many "whites" that are "foreigners"; conversely there are many non-whites are not "foreigners".
I think you are actually speaking of oursourcing. I suspect that you are actually referring to Indians from the India sub-continent mainly because both FNF and LFG were large users of Indian outsourcing. I have a number of Indian friends that are US citizens or green card holders, they also do not want jobs outsourced. It has nothing to do with race and everything to do with sustaining people’s ability to earn a living and provide for their families. As the global economy slows it will have global ramifications, independent of race. Leave the race card somewhere else it has no place here.
Throwing out the race card in a discussion of outsourcing? You are a pathetic loser!! It wouldn't make any difference if the job was being sent to Canada or Scotland. Please crawl back under your rock!!
Sending jobs offshore may be better for shareholder, but it's BAD for our economy. A weak economy is bad for shareholders in the long run. Get it?
Those trying to prevent jobs from going to foreigners are not racists, they are simply fighting for their jobs.