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Essent · 5 months ago

Underwriting Counsel

Coraopolis, PA

Full-time

Onsite

Mid Level

3+ years exp

Essent Group Ltd. is a forward-thinking provider of private mortgage insurance and title insurance. The Underwriting Counsel is responsible for making underwriting decisions for real estate transactions, providing guidance on legal aspects of title and closing issues, and assisting with compliance and marketing efforts.

ConsultingInsuranceRisk Management

Responsibilities

Underwrites title risk primarily for residential title transactions

Assists lenders and colleagues on sophisticated title issues, questions and closing problems

Interpret legal documents associated with real estate transactions and evaluate for insurability

Engages with title underwriters regarding escrow and title closing issues

Responds to claim problems, advises the title or escrow officers involved with Claims Department approval

Aid operations team in curing title issues and directing them on how to address various issues

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

Supports Company efforts with assigned state regulators, rating agencies and bureaus and licensing organizations

Reviews and approves high liability orders within maximum approved limits

Participates as requested by management in marketing and education efforts, including developing and making presentations to large and small groups, and writing Bulletins

Stays current and distributes to staff information regarding new laws and procedures

Involved in title industry associations, state, and local title organizations as well as related industry and state bar associations

Perform other duties as assigned by management

Qualification

Title UnderwritingReal Estate LawTitle InsuranceLegal Document InterpretationRegulatory ComplianceReal Estate TransactionsContinuing Legal EducationBar Association Membership

Required

JD - Juris Doctor

3+ years title underwriting experience

Must be familiar with real estate law

Continuing legal education requirements

Member of Bar Association and license to practice law in at least one primary assigned state and willingness to secure license in additional states as warranted by corporate growth

Title insurance underwriting experience and real estate transactional background

Travels on company business as necessary. Estimate - 20%

Knowledge of real estate and title insurance law in the assigned state(s)

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 and strong negotiation skills

Excellent listening, verbal, and written communication skills

Good organizational skills with the ability to multi-task and prioritize