Underwriting News
Your source for the latest updates from the ATG Underwriting Department. ATG agents, sign-in above for access to a vast library of resources in the members-only Underwriting Index.
Proceeds: Check-Writing Procedures for Closings
03/06/2013 - 2:43pm
General Rule: For all ATG transactions, the proceeds check should be made payable to the seller as shown on the title commitment.
Multiple Sellers: For a transaction that has multiple sellers, the...
Illinois Inter-Underwriter Indemnification Agreement
03/04/2013 - 2:44pm
Christine M. Sparks
ATG Vice President – Managing Attorney
Claims and Audit
As of January 2013, all Illinois title insurance underwriters have entered into the Inter-Underwriter...
New CPL Procedures for Wisconsin, Michigan, and Iowa
02/22/2013 - 12:47pm
Issuing Closing Protection Letters: New ATG Procedures for Properties in Wisconsin, Michigan, and Iowa
Effective Monday, March 4, 2013, ATG staff must issue all Closing Protection Letters (CPLs) for...
Crane Requirement Rescinded
02/11/2013 - 9:27am
ATG is pleased to announce that it is no longer necessary for members to contact the Underwriting Department for a Crane approval on mortgages of $700,000 or more. Illinois Public Act 97-1164 (see...
Title Tips: Documents Must be in Proper Form to Avoid Additional Recording Fees
02/08/2013 - 9:40am
Make sure that all documents that are to be recorded in connection with a closing conform with the requirements outlined at 55 ILCS 5/3-5018. Some county recorders are scrutinize the documents...
Waiving Special Exceptions 2 (a) and (b) is Not Always Appropriate
02/05/2013 - 10:16am
It is not always appropriate to waive Special Exceptions 2 (a) and (b) on the commitment for title insurance. This article addresses not waiving 2 (a) and (b) when there has been work done on the...
Temporary Visitor’s Driver’s Licenses
02/05/2013 - 9:59am
A new Illinois law, Public Act 97-1157, creates a new form of driver’s license, the temporary visitor’s driver’s license. The act states that the license may not be used as proof of identity. This...
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