The Trusted Adviser

April 2015 | Volume 8 - Number 3

Some content is password-protected for ATG members only. Not an ATG member? Apply today!

What Lender Vetting Means for Title Agents

Christine Sparks photo

CFPB is now holding lenders strictly liable for the acts of third-party vendors. A resulting settlement required them to return more than $25 billion dollars to borrowers.

In an effort to avoid similar trouble in the future, lenders now closely monitor the actions of all service providers, including title insurance underwriters and title insurance agents. Read our article, What Lender Vetting Means for Title Agents, to learn how this affects the real estate market, your practice, ATG, and the way we do business going forward.

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


Underwriters' Bulletin

Closing Protection Letters — An examination of their purpose, what they cover, and more.

Procedural Updates

New Cook County Zoning Requirement - Effective March 21, 2015

New Call Routing Options at ATG — Listen to the full message, instructions have changed.

Establishing a Business Domain and Email Encryption Service? — ATG provides the steps you need to take and recommends a service provider.

◻ ◻ ◻

Member Forum banner - click for How To instructions What's Trending: Wells Fargo on Closing Disclosure - Join the Conversation

New to Forums? See our Introduction
Member login required.

ATTORNEYS | Practice Notes

Real Estate and Title Insurance News

Types of Land Surveys in Illinois, Indiana, and Wisconsin — Includes an overview and description of their uses.

Legislative Updates

Small Estate Affidavit: Effective January 1, 2015 - Public Act 98-0836 — a person executing a small estate affidavit required to list and classify all known unpaid debts and pay those debts prior to any distribution made to heirs or legatees.



Construction and Mechanics' Liens: 1324 W. Pratt Condominium Association v Platt Construction Group — Plaintiff condominium association can pursue an action for breach of implied warranty of habitability against a subcontractor because the general contractor was insolvent.


Mortgages: Ewing v U.S. Bank — If a court does not order mediation, parties are free to shape a settlement agreement as they wish.


Mortgages: Bank of Sun Prairie v CNC Drywall, Inc. — In Wisconsin, if a party exercises its right as authorized in a contract, the party does not breach a statutory duty of good faith.

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.

◻ ◻ ◻

ATG Legal Education logoFree OnDemand CLE Programs

We've added seven new seminars to our library, including the following:

Avoid Breaking Bad under the Rules of Professional Conduct | IL, WI (1.50 PR/Ethics)

Handling Commercial Transactions: A Comprehensive Overview | IL, WI (3.00 MCLE/CLE)

Trustees and Investments: A Journey from Gray Lines to Bright Lines | IL, WI (1.50 MCLE/CLE)

Choose from these programs and more, all available 24/7. See full Program Catalog - login required for access to registration links.

◻ ◻ ◻

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.

◻ ◻ ◻

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 for more details. If you have questions, contact Operations Manager Mary Fran Gill, 312.752.1160. Follow us on Facebook and Twitter.

[Last update: 4-23-15]