VP, New York State Counsel - Westcor Land Title Insurance Company

Westcor•Melville, NY

11d•$140,000 - $300,000

About The Position

Position Summary: Provides underwriting support, counsel, and authorization to company personnel, and agents related to the issuance of real estate title insurance commitments and policies. Utilizes underwriting standards and guidelines within delegated authority limits, to underwrite the issuance of title insurance Provides guidance to company personnel in the performance of real estate settlement services Issues underwriting standards and guidelines in accordance with established company processes Essential Duties and Responsibilities: Determine the conditions of the title and insurability by considering the effect of documents such as deeds, mechanics liens, tax liens, judgments, assessments, probates and other matters of record Protect the company from risk by analyzing recorded documents for ownership accuracy, legal description precision, and potential impact on title. Explain chain of title, exceptions, and requirements to customers and managers Recognize title defects and formulate curative solution Assess risks and liabilities that may jeopardize the company, and bring these matters to the attention of the local title manager, state title manager or senior underwriting counsel, or chief underwriting counsel, as appropriate. Review surveys prepared on properties and other proposed documents to be insured such as mortgages, mortgage modifications, etc. Work closely with the title agent and escrow staff to meet deadlines for closings and assist with answering questions related to issuance of the title commitment and policies Perform other duties assigned by management.

Requirements

Juris Doctor (JD) required; licensed attorney in good standing in the state of employment with t5+ years title underwriting or related real estate law experience preferred
Must be familiar with real estate law
Strong understanding of fundamental concepts, practices and procedures of real estate title and settlement process
General knowledge of Federal and State regulations related to real estate title insurance and settlement services
General understanding of underwriting real estate transactions for the issuance of title insurance policies
Ability to collaborate and act decisively
Detail oriented
Excellent listening, verbal and written communication skills
Good organizational skills with the ability to multi-task, prioritize and timely follow up
Strong negotiation skills
Collaborative team player with the ability to act decisively and meet deadlines
Creative problem-solver with the ability to apply abstract thinking to complex title issues

Responsibilities

Determine the conditions of the title and insurability by considering the effect of documents such as deeds, mechanics liens, tax liens, judgments, assessments, probates and other matters of record
Protect the company from risk by analyzing recorded documents for ownership accuracy, legal description precision, and potential impact on title.
Explain chain of title, exceptions, and requirements to customers and managers
Recognize title defects and formulate curative solution
Assess risks and liabilities that may jeopardize the company, and bring these matters to the attention of the local title manager, state title manager or senior underwriting counsel, or chief underwriting counsel, as appropriate.
Review surveys prepared on properties and other proposed documents to be insured such as mortgages, mortgage modifications, etc.
Work closely with the title agent and escrow staff to meet deadlines for closings and assist with answering questions related to issuance of the title commitment and policies
Perform other duties assigned by management.