Simplify Logo

Full-Time

IL State Underwriting Counsel/Area Underwriter

Posted on 9/20/2024

First American

First American

10,001+ employees

Provides title insurance and real estate services

Real Estate
Financial Services

Senior, Expert

Warrenville, IL, USA

Category
Legal
Risk & Compliance
Legal & Compliance
Required Skills
Communications
Requirements
  • Law Degree required.
  • Admitted to practice in state of employment.
  • Licensed to practice law, in good standing.
  • 10-12+ years title underwriting experience.
  • Must be familiar with real estate law.
  • Excellent understanding of concepts, practices and procedures of real estate titles and closing.
  • Strong knowledge of Federal and State regulations related to real estate title insurance and settlement services.
  • Demonstrated leadership with the ability to lead others in effectively implementing programs and projects.
  • Excellent interpersonal and coaching skills.
  • Ability to diagnose and analyze problems, identify, and drive appropriate solutions, and achieve desired results.
  • Excellent verbal and written communication skills.
  • Strong organizational skills, able to multi-task, prioritize, and follow up in a timely manner.
  • Ability to build relationships and create rapport.
  • Requires abstract thinking and creative solutions.
  • Ability to ‘think outside the box’ and make unique yet sound decisions to resolve complex issues.
Responsibilities
  • Provides underwriting support, counsel, and authorization to company personnel, agents, and customer(s), related to the issuance of real estate title insurance commitments and policies.
  • May be an individual contributor or have direct reports.
  • Utilizes underwriting standards and guidelines within delegated authority limits to underwrite the issuance of title insurance.
  • Develops and maintains effective business relationships with assigned agents and brokers as well as internal and other external clients to attract, develop and retain profitable business for multiple Areas/States.
  • Reviews and approves draft underwriting standards and guidelines from subordinates, in accordance with established company processes.
  • Responsible for communicating information related to underwriting and real estate settlement services to team.
  • Responsible for monitoring state law and recommending practice changes to management.
  • Participates with regional underwriting staff in underwriting initiatives around product development.
  • Analyzes key metrics of underwriters to identify areas of improvement and development opportunities.
  • Other duties as assigned.

First American provides title insurance, specialty insurance, and various real estate-related services. Their title insurance protects buyers from potential ownership disputes and ensures smooth real estate transactions by offering professional settlement services. The company also offers a platform called myFirstAm®, which allows users to access property information, maps, and manage orders conveniently. Unlike many competitors, First American has a vast database of over 5.5 billion document images and property information covering 99% of the U.S. housing stock, which enhances their data solutions for clients. The goal of First American is to facilitate real estate transactions while protecting investments and providing comprehensive support to homebuyers, real estate professionals, and lenders.

Company Stage

N/A

Total Funding

$800.2M

Headquarters

Santa Ana, California

Founded

1889

Simplify Jobs

Simplify's Take

What believers are saying

  • First American's strategic acquisitions, such as Mother Lode Holding Company, enhance its market position and service offerings.
  • The company's focus on digital transformation, evidenced by the acquisition of Docutech, positions it well for future growth in the digital mortgage space.
  • Being recognized as a Fortune 100 Best Company to Work For highlights a positive work culture and strong employee satisfaction.

What critics are saying

  • The recent data breach allegations could damage First American's reputation and customer trust.
  • The highly competitive real estate and insurance markets require continuous innovation to maintain market share.

What makes First American unique

  • First American's comprehensive suite of services, from title insurance to real estate data solutions, offers a one-stop-shop for real estate transactions, unlike competitors who may specialize in only one area.
  • Their proprietary platform, myFirstAm®, provides seamless access to property information and transaction management, setting them apart in terms of technological integration.
  • The company's extensive database, covering 99% of U.S. housing stock, provides unparalleled data insights for real estate and mortgage decisions.

Benefits

401k matching

Health, vision, dental insurance

Professional development

INACTIVE