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.
Best Practices: Overview
03/19/2013 - 12:00am
See our article, ALTA Best Practices: A Seven-Point Program to Improve the Industry.
Illinois Witnessing Requirement on Statutory and Non-Statutory Powers of Attorney
03/13/2013 - 9:13am
In March 2011, ATG published an article that provided an overview of the amendments to the Illinois Power of Attorney Act, 755 ILCS 45. The amendments were effective July 1, 2011 and included a...
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Crane Requirement Rescinded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...
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