The Trusted Adviser


June 2015 | Volume 8 - Number 5

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Wells Fargo Publishes its Update on TILA-RESPA

FAQs Answered in Latest Settlement Agent Newsletter

UPDATE: On June 24, 2015, the CFPB announced a proposed amendment to move the rule’s effective date to October 3, 2015. Read the CFPB announcement

 

Christine Sparks photo

The new TILA-RESPA Integrated Disclosure ("TRID" or "Closing Disclosure") takes effect for residential loan applications made on or after August 1, 2015. ATG has been busy getting ready for the new Closing Disclosure and so have the lenders. Wells Fargo has been providing quarterly updates on how Wells Fargo will be handling the Closing Disclosure and new procedures.

The newest communication from Wells Fargo provides answers to frequently asked questions they receive about the Closing Disclosure form. Among questions answered are whether a settlement statement can be provided to the borrower in addition to the Closing Disclosure, what to do if closing documents are signed prior to the consummation, and information for settlement agents regarding the use of eLynx to receive Wells Fargo loan documents.

See Wells Fargo June 2015 - TILA-RESPA Integrated Disclosure FAQs to read the full Wells Fargo newsletter. You will also find links to the other Wells Fargo Settlement Agent Communications on this topic.

ATG has many member-training opportunities available relating to the new Closing Disclosure. For more information see ATG Provides Agent Training on Integrating TILA-RESPA Disclosures.

As always, we appreciate your business and welcome your questions.

Christine Sparks
ATG Vice President and Managing Attorney, Claims and Audit

ATTN ATG Member Agents: You can post your questions and comments on the ATG Member Forum.

ATG MEMBERS | Underwriters' Bulletin

Underwriters' Bulletin

Insuring the Interest of an Installment Contract Purchaser — ATG permits member agents to insure the interest of an installment contract buyer using a Contract Purchaser’s Policy.

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ATTORNEYS | Practice Notes

Don't Miss the June 30 MCLE Deadline

Get your required credit hours free from ATG Legal Education. Choose from a wide selection of OnDemand programs as well as live OnLine and OnSite seminars:

Special Needs Trusts: The Legal and Practical Aspects | IL, WI (1.50 MCLE/CLE) - SESSION FULL
June 10, webcast

Preparing the New Closing Disclosure in ATG REsource® | IL, IN, WI (3.00 MCLE/CLE) - member only
June 16, Green Bay, Wisconsin

REsource Closing Disclosure Form Training, Part 1 - presented by RamQuest | IL, WI (2.00 MCLE/CLE) - member only
June 24, webcast

Take FREE OnDemand CLE Programs 24/7

We've added several new OnDemand programs to our library that you can take at your convenience, including the following:

See our Program Catalog for a full listing. You must login on our website to register.

IN THE NEWS | ATG President Appointed Chief Justice

Peter Birnbaum photoATG President Peter J. Birnbaum Appointed Chief Justice, Illinois Court of Claims Governor Bruce Rauner has appointed Peter J. Birnbaum, president and CEO, Attorneys’ Title Guaranty Fund, Inc., as chief justice of the Illinois Court of Claims. Birnbaum has served as a judge on the Court since 2004.

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

ATG Trust Company logoWherever You're Going, Get There with Someone You Trust Since 1998, ATG Trust Company has had the privilege to assist some of the finest estate planning professionals in helping their clients through the entire process. Explore our website to learn more about us, the services we offer to clients and trust and estate attorneys, and much more. Feel free to contact us with your questions.

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ATG Legal Education logoEarn Your MCLE Anywhere You Have Internet Access

Choose from a wide selection of programs, all available 24/7. See full Program Catalog - login required for access to registration links.

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ATG LegalServe logoFAST AND FLEXIBLE: The Process Server Responsive to Your Needs Get the finest process serving available to lawyers today. Learn what the LegalServe Difference can make in your practice and place your order today! Find us with Google Plus.

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Auctions by ATG logoAuctions by ATG – Your Commercial and Residential Property Auction Resource Auctions by ATG provides professional and effective live and online real estate auction services. Sellers and buyers of all types of commercial and residential property benefit from our totally transparent auction process, superior online bidding service, and attractive pricing model. Our extensive targeted marketing often leads to pre-auction sales that close in 30 days or less.

Join Our Email List to receive Auction Property of the Week notices and updates on our auctions.

Visit our new website at www.auctionsbyatg.com for more details. If you have questions, contact Operations Manager Mary Fran Gill, 312.752.1160. Follow us on Facebook and Twitter.

[Originally posted 6-8-15; Last update: 6-25-15]