Underwriting and Commercial Clearance Counsel

EASTERN TITLE DIVISION

Job Description:

In this role, the National Underwriting and Commercial Clearance Counsel follows a variety of established industry and company guidelines to determine and execute the most effective and efficient method to support national commercial real estate transaction closings. National Commercial Services (NCS) transactions characteristically include multiple parties, sites and locations, and involve complex underwriting requirements. 

The position is responsible for ensuring that assigned pre-closing, closing, and post-closing activities are fully completed in an accurate, timely, and legally compliant manner.

Location: Hoboken office, this position may be eligible for a 2 day per week hybrid work scenario at the sole discretion of the Supervisor, following on-boarding and training.

Experience required:

• Juris Doctor; active and current member of a State Bar.
• Minimum 8 years of experience in an underwriting position; 10+ years preferred.
• Extensive experience with multi-state, multi-property commercial title projects required.
• Strong knowledge of commercial insurance coverage, and real estate terminology.
• Additional experience with residential title is a plus. Familiarity with NYC and NY State title insurance is a plus.
• Ability to explain decision making process and provide guidance to members of the production team.

Daily responsibilities may include:

• Primarily responsible for providing title insurance underwriting support for national commercial real estate transactions closed by the NCS offices in Hoboken NJ and New York City.
• Review documents, deeds, mortgages, court orders, decrees, regulations, and other legal instruments for legal sufficiency.
• Provide written approval for transactions that exceed single risk liability limits. 
• Provide guidance and direction on general underwriting matters, and, as needed, coordinate and assist in closing transactions.
• Assist with claims support, continuing education, and ensuring compliance with state regulations concerning title insurance.
• Save electronically in the file copies of relevant underwriting proofs, approvals and the basis for underwriting decisions. 

• Participate in Continuing Education opportunities offered by / assigned by ORT Corporate
• Take initiative to learn and grow as a team member.
• The ability to read, analyze and interpret complex legal documents.
• The ability to apply logic or legal principles to a wide variety of complex problems.
• Knowledge of the title insurance industry, including knowledge of its products, policies, and endorsements.

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The estimated pay range stated represents the typical pay range for this position or similarly employed employees or employees performing substantially similar work. Factors which may be used to determine the actual pay rate may include, but are not limited to, education, training or experience; seniority; merit and work performance; quantity or quality of production; regional differences in compensation; differences in local minimum wages, or ability and effort.

Position's Pay Range:

$200,000 - $275,000

Benefits may include:

• Comprehensive medical, prescriptions, dental and vision plans

• 401(k) plan with a discretionary company match

• Shareholder Purchase and Reinvestment Plan

• Basic life and accidental death and dismemberment insurance premium paid by the company

• Voluntary supplemental life insurance for employees, spouses and dependent children

• Fertility and Family Building Benefits

• Paid Disability benefits

• Paid time off programs

• 11 Company paid holidays per year

• Flexible spending account

• Health savings account (available to High Deductible Health Plan participants only)

• Employee Assistance Program

• Educational Assistance Program

• Voluntary benefits, such as Critical Illness, Hospital Indemnity, Pet Insurance and Accident Insurance

• Title insurance policies and certain escrow services for the employee’s primary personal residence at no charge

• Transportation benefit plan for mass transit, parking and vanpool, in several markets

Note: If you currently are employed by Old Republic Title (or one of its wholly owned affiliated companies) please get in touch with your human resources representative regarding the application process.

For California applicants, please click the following link to view our CCPA Applicant Notice

Old Republic Title is an Equal Opportunity Employer