Title Clearance: Ensuring properties have clear titles (no legal issues like liens or disputes).
Survey Issues: Addressing problems with property boundaries or surveys.
Proformas and Endorsements: Preparing or reviewing documents related to title insurance policies.
FinCEN Regulations: Ensuring compliance with federal regulations, such as those from the Financial Crimes Enforcement Network, to prevent fraud or money laundering in real estate.
Title Bills: Handling billing related to title services. These efforts aim to ensure smooth and legally sound real estate closings.
Work with the underwriting team to:
Assess risks in title insurance transactions.
Develop creative solutions to insure complex deals (e.g., properties with legal complications).
Review Underwriting Concerns: Analyze risks versus benefits to decide whether to insure certain transactions.
Ensure Compliance: Stay updated on state-specific real estate regulations (especially New Yorkโs) to ensure the company follows all legal requirements.
Assist with Transactions: Help with funding real estate deals and preparing Settlement Statements (documents detailing the financial aspects of a closing).
Qualifications:
A Juris Doctor (JD) degree from an accredited law school.
A New York law license (admitted to the New York State Bar).
Relevant experience in real estate law or title insurance (the exact years of experience arenโt specified in the posting, but typically, such roles require 3โ7 years).
Strong knowledge of: Title insurance: Understanding how to issue and manage title insurance policies.
Underwriting: Evaluating risks in real estate transactions.
Closing processes: Managing the legal and financial steps to finalize real estate deals.
Excellent analytical, communication, and organizational skills to handle complex legal issues and work with various teams.