https://uww.wfgnationaltitle.com/index.php?action=history&feed=atom&title=WI_Operations_Summary
WI Operations Summary - Revision history
2026-05-15T15:46:59Z
Revision history for this page on the wiki
MediaWiki 1.31.0
https://uww.wfgnationaltitle.com/index.php?title=WI_Operations_Summary&diff=755&oldid=prev
Alanfields: /* Recording/Document Requirements */
2016-04-04T21:26:34Z
<p><span dir="auto"><span class="autocomment">Recording/Document Requirements</span></span></p>
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<td colspan="2" style="background-color: #fff; color: #222; text-align: center;">← Older revision</td>
<td colspan="2" style="background-color: #fff; color: #222; text-align: center;">Revision as of 21:26, 4 April 2016</td>
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<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Margins -- 3” 1st page, ¼” all others</div></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Margins -- 3” 1st page, ¼” all others</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Other Special Recording: --  </div></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Other Special Recording: --  </div></td></tr>
<tr><td class='diff-marker'>−</td><td style="color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>==Document Types</div></td><td class='diff-marker'>+</td><td style="color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>==Document Types<ins class="diffchange diffchange-inline">==</ins></div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Conveyance --  </div></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Conveyance --  </div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Security Instrument -- Mortgage</div></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Security Instrument -- Mortgage</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Release -- Satisfaction or Release of Mortgage</div></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Release -- Satisfaction or Release of Mortgage</div></td></tr>
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<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Tenancies==</div></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>==Tenancies==</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Tenants in Common -- Yes</div></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>*Tenants in Common -- Yes</div></td></tr>
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Alanfields
https://uww.wfgnationaltitle.com/index.php?title=WI_Operations_Summary&diff=393&oldid=prev
Abfields: Created page with "==Licensed Entity:== *See Attached [http://wiki.wfgstaging.com/images/b/b0/Wisconsin_HUD-1.pdf HUD Sample] for Additional Information ==Banking Information == *Bank account -..."
2014-12-15T23:13:58Z
<p>Created page with "==Licensed Entity:== *See Attached [http://wiki.wfgstaging.com/images/b/b0/Wisconsin_HUD-1.pdf HUD Sample] for Additional Information ==Banking Information == *Bank account -..."</p>
<p><b>New page</b></p><div>==Licensed Entity:== <br />
*See Attached [http://wiki.wfgstaging.com/images/b/b0/Wisconsin_HUD-1.pdf HUD Sample] for Additional Information<br />
==Banking Information ==<br />
*Bank account -- <<INSERT ACCOUNT #/ROUTING #/BANK NAME>><br />
*Checks stale dated after -- ___ days of issuance<br />
*Good Funds Law -- No de minimus<br />
*Disbursements Requirements -- <<INSERT IF WFG REQUIRES CD?>><br />
*Special Bank Requirements (IOLTA/IOTA/OTHER or account specific to that state’s funds) -- No<br />
==Escrow/Settlement== <br />
*Who can prepare the HUD -- Not restricted<br />
*Who can sign the HUD (EO/LTP/Attorney) -- Not restricted<br />
*Who orders hazard insurance -- Customary - <br />
*When is transaction consummated for new HUDS -- <br />
*Record before/after disburse -- Disburse then record<br />
*Filed/restricted escrow rates -- No<br />
*Record retention requirements -- 3 years title<br />
*Is an attorney involved in the closing -- No<br />
*Who can handle loan document signing -- Notary<br />
*Doc Prep Restrictions -- Doc prep is UPL<br />
*Use Escrow Instructions or not -- No<br />
*Use Estimated HUD or Final -- Final<br />
*Pass-thru charges -- Not regulated<br />
*Rates Inclusive or not -- Inclusive of search and exam<br />
*Up Charging -- Not regulated<br />
*Junk Charges -- Not regulated<br />
*Special HUD Requirements -- No<br />
*Special Disclosures -- No<br />
*CPL -- Yes<br />
*UPL Issues -- Doc prep<br />
*Joinder of non-titled spouse -- Yes on refinance and sale of homestead property. Exception joinder of non-titled spouse not required for Purchase Money Mortgage. Wisc. Stat. 706.02(1)(f)<br />
*Survey Required -- Owners – Yes; Loan – No<br />
==Audits==<br />
*Required -- No<br />
==Recording Process==<br />
*E-recording -- <br />
*Record before disbursement -- <br />
*Special recording procedure -- Transfer form with deeds<br />
==Recording/Document Requirements==<br />
*Marital Status Stated -- No<br />
*Transfer Tax – Yes 30 cents for each $100 of value or fraction thereof Wis. Stat. Sec. 77.22 et seq.<br />
*Mortgage Tax -- No<br />
*Address for grantor/grantee/property -- <br />
*Witnesses -- None required<br />
*Names typed/printed -- Required<br />
*Prepared by/return to -- Prepare name, address, phone#; special language required<br />
*Notary Stamp/requirements -- <br />
*Parcel or tax index number -- Yes – 1st page<br />
*Recitation of Consideration -- <br />
*Derivation Clause -- Required<br />
*Corporate Signatures/Attestation -- <br />
*Ink Color/Font -- <br />
*Legal Description -- State/county/municipality/subdivision & Map in 1st paragraph<br />
*Margins -- 3” 1st page, ¼” all others<br />
*Other Special Recording: -- <br />
==Document Types<br />
*Conveyance -- <br />
*Security Instrument -- Mortgage<br />
*Release -- Satisfaction or Release of Mortgage<br />
==Tenancies==<br />
*Tenants in Common -- Yes<br />
*Joint Tenants -- Yes<br />
*Tenancy by Entireties -- No<br />
*Community Property -- No<br />
*Homestead -- Yes<br />
*Joinder of Non-titled Spouse -- Spousal Joinder is required on refinance and sale of homestead property. Exception joinder of non-titled spouse not required for Purchase Money Mortgage. Wisc. Stat. 706.02(1)(f)<br />
<br />
==Taxes==<br />
*Taxes Levied -- <br />
*Taxes due -- 1/31 & 7/31<br />
*Delinquent -- 2/1 & 8/1<br />
<br />
==Commitment/Policy Special Requirements==<br />
*Who can sign Commitment/Policy -- Licensed Title Producer<br />
*Other – <br />
==Payment Customs==<br />
<br />
*Standard Residential Purchase Agreement calls for Seller to pay for owners policy<br />
*Grantor is responsible by statute for the Transfer Tax (Wis. Stat. Sec. 77.22). Recording fee charges will vary depending on what is needed.<br />
*Survey Charges are negotiable. <br />
*In a sale, both buyer and seller can have their own closing charge.<br />
<br />
==Post Closing Requirements==<br />
*Recon follow up required – <br />
<br />
==Withholding Requirements==<br />
<br />
None</div>
Abfields