Senior Mortgage Underwriter

Shore United Bank is seeking a full-time Senior Mortgage Underwriter to join our team. This role involves assessing borrowers' financial positions to evaluate credit risk, managing loan applications to meet service level agreements, and ensuring compliance with regulatory requirements and bank standards. Additionally, the Senior Mortgage Underwriter will collaborate with internal teams, maintain certifications, and provide exceptional service while demonstrating expertise in agency products, income analysis, and mentoring peers.

• Analyzes current financial position of borrowers to determine the degree of risk involved in extending credit. Makes decisions to approve, deny, or forward the loan request to a higher level for a decision.
• Monitors work queue to ensure loan applications are reviewed and underwritten in an acceptable time period and meets the SLA's (service level agreements) set forth for each loan product type.
• Collaborates with Sales, Operations, and Closing to provide exceptional internal and external customer service.
• Has detailed understanding of Agency products FNMA/FHLMC/FHA/VA/USDA
• Credit and collateral underwriting of FHA, VA, Conventional, VA SAR, CDA, USDA and Portfolio mortgage loans with a high degree of attention to detail.
• Perform income analysis which includes reviewing self-employment income for those borrowers with Schedule C, 1065, 1120 and/or 1120S.
• Demonstrate ability to mentor peers in skill development.
• Develops, maintains, and demonstrates a working knowledge of bank mortgage loan standards, policies, procedures, and applicable state and federal government rules.
• Underwrites all residential mortgage loans with compliance of Regulation Z-ATR and QM requirements.
• Maintain certifications in FHA, VA, and USDA underwriting.
• Abide by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the workplace.
• Cooperate with, participate in, and support the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g., Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, SAFE Act, etc.; ensures that the office and all personnel adhere to the same.
• Participate in required training sessions, including training for compliance with BSA/AML policies and procedures.

Westgate Building - 200 Westgate Circle, Annapolis, MD 21401

• Full-time.
• Non-exempt.
• Days of Work:
  Monday-Friday.

• High school diploma/GED equivalent.
• Minimum of five years' experience underwriting mortgage loans.
• Working Knowledge of AUS, DU and GUS.
• Must currently have LAPP and DE certifications.
• Bachelor's degree or equivalent experience in residential mortgage underwriting/credit preferred.
• Excellent working knowledge of all consumer and mortgage related regulatory requirements, including but not limited to: BSA, Reg B-ECOA, Reg C-HMDA, Dodd-Frank, Reg X-RESPA, Reg Z-TILA, SCRA, and UDAAP.
• Mortgage Credit regulatory knowledge and training.

• The pay range for this position is $45.00 to $57.50 hourly.
• Actual compensation offered may vary from the posted hiring range based on factors such as relevant experience, time in role, base salary of internal peers, prior performance, business sector, licensure requirements and/or skill level, and will be finalized at the time of offer.

• Join a family and community-oriented workplace that offers a team environment, along with a collaborative and friendly place to work.
• Comprehensive benefits package for full-time employees including health, dental, vision, company-paid life insurance, mental health well-being, short-term and long-term disability, and much more!
• Paid parental leave.
• 401k savings plan with up to a 4% company match.
• Employee Stock Purchase Plan.
• Employee perks such as: employee banking services, loan discount program, education assistance, career development…