Doug Bello D Bello Associates Inc Outsourcing Whats

Doug Bello D. Bello Associates, Inc. Outsourcing – What’s the Next Step?

Outsourcing is Here According to recent Strickland & Associates research, 95% of the Fortune 1000 firms currently utilize offshore outsourcing or are implementing an offshore strategy

The Case for Outsourcing • Allows for management to focus on their core business of writing title insurance • Outsourcing vendor has responsibility of solving skill shortages or resource problems

The Case for Outsourcing • More readily available workforce in offshore markets • Flexibility in that workforce provides possibilities that cannot be achieved with full time domestic employees

The Case for Outsourcing • Potential to reduce overall turnaround times • Using one vendor can increase standardization and quality over the long run • Cost savings

Target Outsourcing Tasks • Data Entry • Owner & Encumbrance (O&E) Reports • Subdivision Refinances • Sale transactions where you have a Starter file

In-House Tasks • Commercial & Industrial orders • Other high liability orders • Orders with difficult legal descriptions • Orders in areas you know are difficult

Offshore Searching Order placed at the end of the United States workday Order received In the early morning in countries like India, Philippines Order is searched, prepared and verified by quality team and returned the next morning

Offshore Alternatives • Using automated search software • Use a automated search product offered by your underwriter (most have them now) • Use a private company to complete your searches

Selecting a Vendor • Do your homework • Ask to talk to current customers of a potential vendor • Ask lots of title questions and assess their knowledge of the industry