The Trusted Adviser

January 2016 | Volume 9 - Number 1

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It's Not Just You, It's Everybody
Challenges of TRID Compliance

by John G. O'Brien, ATG Vice President

John G. O'Brien photoIt seems like the constant themes for residential real estate lawyers over the last two years have been, "TRID is Coming..." and "Are You Ready for TRID?" or "Are you Best Practices Compliant?" I have attended dozens of seminars on these topics, now that TRID is here, we're all just as confused as when we started. Where do you show lender credits? What about credits from the seller? What about that walk-through problem? And what is the deal with title premiums?

I think we should all follow the advice Packers quarterback Aaron Rodgers gave his fans: R-E-L-A-X! Remember, these are still very early days. It is not just you and your staff who are struggling with these issues, it's the whole industry. Lenders, title companies, realtors, lawyers — everybody. Read more...

ATG MEMBERS | Underwriters' Bulletin

Hot Topics

URGENT - ALL ATG MEMBER AGENTS: TRID Update - CFPB Guidance on Title Premium Disclosure in Seller-Pay States — Over the past month we've seen the number of closings with the new Closing Disclosure Form (CDF) increase. Confusion in the marketplace is common, especially related to the disclosure of title premiums in seller-pay states. PLUS: TRID Tuesdays — Special CLE forums for you and your staff.

New Certification of Trust Form Leads to New Trust Exception Language — Among other features, it creates a Certification of Trust form that trustees can furnish in lieu of the trust agreement.

Underwriters' Bulletin

Residential Junior Loan Policy - Title Forms and Procedures Manual — From time to time, an ATG® member may be asked by a lender to issue an ALTA Limited Coverage Residential Junior Loan Policy. An explanation of its coverage is listed below. This policy does insure a later owner of the debt secured by the Insured's mortgage. Read more...

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IN THE NEWS | New Location for ATG Suburban Office

ATG Moving to New Arlington Heights Location - Effective Monday, February 1, 2016

WHAT'S NEW | Trust, CLE, and Process Services

ATG Trust Company logoTrust Client Brochure ATG Trust Company provides a brochure promoting its client services, including implementing estate plans, asset protection, and trust administration.

ATG TRUST MEMBERS: Use this excellent marketing tool to introduce ATG Trust Company to your clients. Contact us at or 312.338.7878 with your copy order or your questions.

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ATG Legal Education logoGet Started in the New ATG Legal Education We launched our new CLE platform in 2015. It has many great features that make managing your CLE much easier, including the ability to take recorded OnDemand programs with most mobile devices. Keeps track of your hours and print your certificates once you complete the confirmation surveys (see details, including a five-minute video tutorial).

If you haven't set up your account yet, see Stage One: Creating Your Account.

Featured OnDemand Programs (login required)

Estate Planning in a Digital Era | DiMonte & Lizak, LLC attorneys Patrick Owens and Jonathan Morton discuss digital assets — THE hot topic in the estate planning arena.

Illinois Underwriting, Part 3 | Experienced ATG underwriters address the most common issues member agents and their employees ask about in underwriting calls and other inquiries (mechanics' liens, condominiums, and more).

Lender Vetting – A Guide for ATG Agents | An overview of Lenders' requirements of title companies in the vetting process.

Wisconsin Underwriting Manual, Part 2 | This two-part program series is designed to familiarize you with its content and how to use it when conducting your real estate transactions.

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[Last update: 1-27-16]