Underwriting News
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Procedural Best Practices: Issue Policies within 30 Days of Closing
05/15/2014 - 10:33am
Best Practice #5: Adopt and maintain written procedures related to title policy production, delivery, reporting and premium remittance.
To conform to ALTA’s Best Practices, ATG is changing its policy...
Title Tips: Closing Checklist for When the Client is Not Attending
05/07/2014 - 1:53pm
From time to time, attorneys have a client or clients who will not be present at the closing. This checklist will focus on a few of the major items that will be required when the client is absent at...
New Suggested Rates for the Chicago Area
04/23/2014 - 11:25am
APPLIES TO CLOSINGS IN COOK, DUPAGE, GRUNDY, KANE, KENDALL, LAKE, McHENRY, AND WILL COUNTIES
ATG announces a revised Suggested Rate Card for Chicago-area transactions. The new premium rates are...
Security Alert: Heartbleed Bug
04/10/2014 - 3:52pm
A newly discovered security bug nicknamed "Heartbleed" has reportedly exposed sensitive data from many websites. The bug can scrape a server's memory where sensitive user data is stored, including...
Title Tips: Comprehensive Endorsement or Extended Coverage?
04/07/2014 - 2:34pm
As a reminder to ATG members, comprehensive endorsement and extended coverage are two different types of coverage on the policies. Sometimes, lenders get the two different coverages confused....
The "Gap": Dealing With Recording and Indexing Delays
04/07/2014 - 9:19am
Race-Notice Jurisdictions
As a "race-notice" jurisdiction, Illinois provides a powerful incentive to immediately record instruments which give evidence of an interest in real estate. Real estate...
Title Tips: HUD as Second Mortgagee: Reverse Mortgages
02/10/2014 - 8:32am
HUD Secretary Requires Payoff Letters for Home Equity Conversion Mortgages
Reverse mortgages (also called Home Equity Conversion Mortgages) allow homeowners to convert the equity they have in their...
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