What are the responsibilities and job description for the Collateral Underwriter position at DHI Mortgage?
Description
D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries. Please visit our website at www.drhorton.com for more information.
D.R. Horton, Inc. is currently looking for a Collateral Underwriter. The right candidate is responsible for reviewing residential real estate appraisals (collateral to the mortgage) to identify heightened risk valuation, appraisal quality, property eligibility and property compliance violations.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
Education and/or Experience
D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries. Please visit our website at www.drhorton.com for more information.
D.R. Horton, Inc. is currently looking for a Collateral Underwriter. The right candidate is responsible for reviewing residential real estate appraisals (collateral to the mortgage) to identify heightened risk valuation, appraisal quality, property eligibility and property compliance violations.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
- Review collateral documentation daily as assigned by the Underwriting Manager, Assistant Underwriting Manager or Team Lead
- Review and underwrite collateral to ensure the documentation meets investor and program criteria
- Review Uniform Collateral Data Portal (UCDP) findings, address appraisal comparable selection, review for marketability and valuation acceptance, and confirm appraisal is completed to Fannie Mae or Freddie Mac standards
- Review appraisal against title, flood cert, purchase agreement, etc. for accuracy & consistency
- Prioritize collateral documentation reviews to meet departmental turn times
- Successfully underwrite collateral documentation for loans as defined by the Underwriting Manager, Assistant Underwriting Manager or Team Lead
- Ability to review other loan conditions as assigned by the Underwriting Manger
- Review and respond to internal and external audits
- Perform audits as required
- Conducts all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company
- Ability to work overtime
Education and/or Experience
- High school diploma or general education degree (GED)
- Three to six months of related experience and/or training
- Strong verbal and written communication skills
- Superb organizational skills and provide attention to detail
- Solid time management skills with a proven ability to meet deadlines
- Strong analytical and problem-solving skills
- Proficiency with or the ability to quickly learn the organization’s systems
- Ability to prioritize tasks
- Ability to act with integrity, professionalism, and confidentiality
- Proficiency with MS Office and email required
- Bachelor’s degree from a four-year college or university preferred
- Medical, Dental and Vision
- 401(K)
- Employee Stock Purchase Plan
- Flex Spending Accounts
- Life & Disability Insurance
- Vacation, Sick, Personal Time and Company Holidays
- Multiple Voluntary and Company provided Benefits