Underwriting News

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Wells Fargo September 2015 - Refresher on Closing Requirements, Timeline for a Smooth Closing, More FAQs

09/16/2015 - 10:51am
Please see the September 14, 2015, edition of Settlement Agent Communications from Wells Fargo. It covers the following timely topics: Refresher on Closing Requirements and Wells Fargo Decisions You...

Changes in Transfer on Death Instruments

09/10/2015 - 10:25am
ATTN Illinois Member Agents: Updated TODI Underwriting Guidelines. Due to the January 1, 2015 change in the statute, our guidelines for Transfer on Death Instruments have been updated. The good news...

Massac County Recorder Indexing Errors

08/25/2015 - 2:56pm
ATG has been advised that there is a problem with the indexing of documents in the Recorder of Deeds office of Maasac County, Illinois. Apparently, since some time in 2010, documents with quarter-...

ALTA Statement on CFPB eClosing Forum

08/11/2015 - 12:14pm
ALTA Emphasizes Importance of Settlement Agents and Real Estate Attorneys in Home-Buying Process    Washington, D.C., August 5, 2015 — The American Land Title Association (ALTA), the national trade...

The Closing Disclosure Form: A Reference

08/06/2015 - 12:00am
By, Steven Walker, ATG Law Clerk Introduction Federal law has required lenders provide two different disclosure forms at, or shortly before, a closing on a mortgage loan. Two different Federal...

Do You Have Unidentified Funds in Your Closing Account?

08/05/2015 - 10:36am
The Illinois Attorney Registration & Disciplinary Commission, IARDC, issued an E-Alert on July 29, 2015 to remind attorneys that as of July 1, 2015, Rule 1.15(i) has been modified to require...

Water/Sewer Full Payment Certificate Required

08/04/2015 - 3:56pm
Effective August 8, 2015 - Applies Only to Property Located in the City of Chicago  The City of Chicago requires a Full Payment Certificate (FPC) for all transfers of real estate. An FPC is a...