Posted by Derrick/MT on 4/16/08 5:27pm
Msg #243719

Servicelink

Did anyone else get a call from Servicelink stating that they would like you to reduce your fee to $45 for overnight and $20 extra for edocs?
I told the guy that I do not do closings for that price and then told him to raise my fee due to the higher price of gas.
Do these companies really think that we are going to work for free so that they can increase their margin?
Maybe Servicelink is getting close to going under and this is a last ditch effort to increase their margin.

Reply by Maureen_nh on 4/16/08 6:00pm
Msg #243731

I don't think they are going out, but that they are in the same fix we are.
More competition and fixed costs that are rising by the second. I am not going to lower my prices anymore for anyone, and I am not taking anymore new to me companies unless they have a darned good track record.
There is going to be a lot of pressure to cut fees and I feel bad for the folks that have put all their eggs in this basket.
I would much rather be busy than sitting here waiting for the phone to ring, but we have been down this road before and the bubble took a lot longer to burst than I thought.
What kills me is that mortgage companies are still advertising to folks with consumer debt and telling them that this is the way to get out from under. That is partially why people are in the mess they are in.
With the exception of people that have had medical bills and other unexpected large expenses, these folks are just going to dig themselves right back in the hole again unless they smarten up.
I just heard the other day that women between the ages of 25 and 35 are spending half their incomes on debts. Scary.

Reply by NCLisa on 4/16/08 10:50pm
Msg #243770

The parent company isn't hurting!

Fidelity National Financial Inc. which is owned by Fidelity Title owns both LSI and ServiceLink. ServiceLink bought ATM last year. While things are tighter than they were 2 years ago, these companies are still rolling in it.

Reply by PAW on 4/17/08 2:25pm
Msg #243848

Parent companies

LIsa, you have it backwards, but the underlying thought is correct.

Fidelity National Title (FNT) parent company is Fidelity National Title Group (FNTG) and its publicly traded parent company, Fidelity National Financial (NYSE:FNF)