Underwriting Attorney
4 weeks ago
Job Summary:
We are seeking an experienced Underwriting Attorney to provide expert guidance and support to our clients and internal departments regarding clearance and title insurance matters. The ideal candidate will play a key role in determining the insurability of transactions and facilitating smooth closing processes.
Key Responsibilities:
- Transaction Assessment: Evaluate the company’s ability to insure transactions.
- File Review: Analyze files for clearance and review preliminary title reports with relevant parties.
- Clearance Coordination: Collaborate with involved parties to secure necessary clearances for transaction closings.
- Document Examination: Review entity, trust, estate documents, and payoff letters for accuracy and completeness.
- Affidavit Preparation: Draft and prepare affidavits for closing processes.
- Approval Management: Obtain Hi-Liability approval from underwriters and approve policy language and endorsements.
- Document Review: Examine closing documents for proper language, recitations, and exhibits.
- FINCEN Compliance: Ensure proper FINCEN paperwork is obtained and submitted during applicable closings.
- Closing Coordination: Oversee the delivery of closing documents and checks for remote or partial closings.
- Issue Resolution: Assist in resolving post-closing issues and facilitate communication between departments.
- Interdepartmental Collaboration: Coordinate with recording and escrow departments on closing and post-closing matters.
- Mentorship: Guide and mentor co-workers to enhance understanding of title insurance and clearance matters.
- Customer Relationship Management: Build and maintain relationships with customers through excellent service.
- Industry Knowledge: Stay updated on laws, rules, and regulations affecting the title industry.
Qualifications:
- Licensed attorney in good standing in New York State.
- 2-4 years of experience in title insurance or relevant legal experience.
- Ability to quickly learn and adapt to new software and technologies.
- Proven track record of providing excellent customer service and resolving complex title issues.
- Strong multitasking, task prioritization, and delegation skills.
- Proficiency in Microsoft Outlook, Word, and title insurance software.
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