Commercial Underwriter (Remote NJ) at First American

Princeton, New Jersey, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Real Estate, InsuranceIndustries

Requirements

5-7 years title underwriting experience, commercial experience preferred
Must be familiar with real estate law, including federal and state regulations
Strong understanding of fundamental concepts, practices and procedures of real estate title and settlement process
Strong analytical rigor and business acumen
Strong negotiation skills and ability to provide alternative solutions or convey unpopular information with tact
Ability to collaborate and act decisively; build relationships internally and externally
Excellent listening, verbal, and written communication skills
Strong organizational skills with the ability to multi-task, prioritize and timely follow up
Abstract thinking and creative solutions

Responsibilities

Provide underwriting support, counsel, and authorization to company personnel and customers related to the issuance of real estate title insurance commitments and policies
Utilize underwriting standards and guidelines within delegated authority limits, to underwrite the issuance of title insurance
Provide guidance to company personnel in the performance of real estate settlement services
Issue underwriting standards and guidelines in accordance with established company processes

Skills

Key technologies and capabilities for this role

Commercial UnderwritingTitle InsuranceReal Estate TransactionsRisk AnalysisUnderwriting StandardsSettlement Services

Questions & Answers

Common questions about this position

What is the salary range for the Commercial Underwriter position?

The pay range is $95,350.00-$127,125.00 annually, based on a reasonable estimate of the base pay for this position.

Is this Commercial Underwriter role remote?

Yes, the position is remote and based in New Jersey.

What experience and skills are required for this role?

Candidates need 5-7 years of title underwriting experience (commercial preferred), familiarity with real estate law and regulations, strong analytical rigor, business acumen, negotiation skills, communication skills, and organizational abilities.

What is the company culture like at First American?

First American has a people-first culture that fosters an inclusive environment where employees feel welcome, supported, and empowered to innovate, earning accolades like the Fortune 100 Best Companies to Work For for ten years.

What makes a strong candidate for this Commercial Underwriter position?

A strong candidate will have 5-7 years of title underwriting experience, preferably commercial, combined with strong analytical skills, negotiation abilities, real estate law knowledge, and excellent communication and collaboration skills.

First American

Provides title insurance and real estate services

About First American

First American provides title insurance, specialty insurance, and various real estate-related services. Their title insurance protects homebuyers and property owners from potential ownership disputes and financial losses related to real estate transactions. The company offers a platform called myFirstAm®, which allows users to access property information, manage orders, and streamline the closing process from any device. Unlike many competitors, First American has a vast database of property data, with over 5.5 billion document images, making it a leading provider of real estate data solutions. The company's goal is to facilitate smooth real estate transactions while ensuring that clients' investments are protected.

Santa Ana, CaliforniaHeadquarters

1889Year Founded

$800.2MTotal Funding

VENTURE_UNKNOWNCompany Stage

Financial Services, Real EstateIndustries

10,001+Employees

Benefits

401k matching

Health, vision, dental insurance

Professional development

Risks

Data breach allegations could harm First American's reputation and lead to legal issues.

Integration of Mother Lode may face challenges and financial risks.

Dependence on digital transformation poses risks if technology advances rapidly.

Differentiation

First American offers comprehensive title insurance and settlement services nationwide.

The company provides a vast database of over 5.5 billion document images.

First American's digital platform, myFirstAm®, enhances real estate transaction efficiency.

Upsides

Acquisition of Mother Lode expands First American's market share in California.

Docutech purchase boosts First American's digital mortgage revenue by 38%.

Growing fintech trends align with First American's digital transformation strategy.

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