Collateral Underwriter

D.R. Horton•Austin, TX

8d•Onsite

About The Position

D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1878 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. The Collateral Underwriter 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.

Requirements

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

Nice To Haves

Bachelor’s degree from a four-year college or university preferred

Responsibilities

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