Albert Yorio joins Boston National Title as Senior Underwriting Counsel
Veteran title insurance attorney brings legal firepower to growing commercial services division
September 11, 2013 Charlotte, NC USA - Charlotte, North Carolina-based Boston National Title is pleased to announce that Albert (Al) Yorio has joined the company as Senior Underwriting Counsel. Mr. Yorio, who is an industry veteran with decades of experience in title settlement services, is based in Boston National’s New York office and focused primarily on all legal matters pertaining to the company’s commercial services division.
Prior to joining Boston National, Yorio spent two years serving as Executive Vice President and Senior Underwriting Counsel to Kensington Vanguard National Title Services of New York. His career highlights also include executive positions at the Chicago Title Insurance Company, Fidelity National Title Insurance Company and the Title Guarantee Company. He built his industry-wide reputation supervising major claims for several of these companies and working on a number of high-profile commercial real estate cases.
"Al brings critical skills and experience to the team at a critical time," states John Keratsis, Boston National founder and CEO. "Our commercial services division is growing rapidly. The transactions are often in the hundreds of millions, ownership structures are increasingly complicated and today’s regulatory environment makes the underwriters understandably conservative and cautious. Al has already proven to be an enormous source of knowledge, guidance and reassurance to developers, buyers and underwriters alike."
Although Yorio has logged many years in the industry and underwritten some of New York’s biggest transactions including the sales of The Chrysler Building, The Stuyvesant Town and Peter Cooper Village and The Lipstick Building, he is excited about joining a relatively young company just coming into its own in the commercial market. He sees his new position as an opportunity to join one of the industry’s fastest growing title companies in its mission to transform the role of title services in the real estate transaction process. "Even the most routine commercial and high end residential deals entail a certain amount of stress and I know that proactive and effective legal oversight can reduce that stress," comments Yorio. "You can imagine how the pressure multiplies exponentially when the stakes are in the hundreds of millions and everything is riding on the title and getting the underwriters on board. My role is to mitigate the risk and ensure that a deal doesn’t derail because of a title issue."
Mr. Yorio is a graduate of New York Law School and an alumnus of Iona College. He is also a widely published author and lecturer and has served as an adjunct professor of law at the New York University School of Continuing Education and at Iona College.