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.

CFPB on Wire Fraud, Final TRID Amendments

07/10/2017 - 9:38am
EDITOR'S NOTE: ATG is reposting the American Land Title Association (ALTA) notice about two important items that the Consumer Financial Protection Bureau (CFPB) published Friday, July 7, 2017....

An “As Is” Provision in the Sales Contract Does Not Trigger Exclusion 3(a) under the Policy

06/02/2017 - 11:17am
In many sales contracts, the seller may include a provision that the property is being sold “as is” without any warranties or representations as to conformity with building code requirements. While...

Criminals Have a New Target for Wire Transfer Fraud

05/25/2017 - 11:03am
And the Cheat Goes On... by Gregory J. Miely, ATG Senior Underwriting Manager and Corporate Counsel IMPORTANT: Verify Payoff Statements and Wire Transfer Instructions with the Lender before...

Recording Problems: “Legal Description Attached” … Or Is It? - Update

05/12/2017 - 2:34pm
Recording Problems: “Legal Description Attached” … Or Is It? -- Update Recently, foreclosing lenders have begun adding reformation counts to foreclosure proceedings in order to correct the legal...

Title Indemnity Agreements - Update

05/12/2017 - 2:31pm
Title Indemnity Agreements-Update  To prevent confusion after a closing, please fill out ATG Form 3011-A: Personal Undertaking with Title Indemnity Deposit Agreement - Member correctly and completely...

Confirm Wire Instructions before Sending Funds

05/04/2017 - 5:22pm
See our REVISED post, Don't Fall Victim to Wire Fraud Schemes, updated May 4, 2017. New language on #2 confirms that a party should never use contact information supplied in an email they receive for...

Condominiums and Limited Common Element Parking Spaces

04/10/2017 - 3:31pm
Claims that arise in connection with policies that insured a limited common element (“L.C.E.”) parking space tend to be caused by errors on the parking space designation on the declaration or plat....