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Shore United Bank · 3 months ago

Senior Mortgage Underwriter

Annapolis, MD

Full-time

Onsite

Senior Level

$45/hr - $57.50/hr

5+ years exp

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.

BankingFinancial ServicesLending

Work & Life Balance

Responsibilities

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, participates in, and supports 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

Qualification

Mortgage underwritingFHA/VA/USDA knowledgeIncome analysisAUSDUGUS knowledgeRegulatory complianceCustomer serviceMentoring skillsAttention to detail

Required

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

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

Preferred

Bachelor's degree or equivalent experience in residential mortgage underwriting/credit preferred

Benefits

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 program, Employee Assistance Program, and wellness initiatives.

Opportunity for growth and advancement

Paid training program and continuous training sessions throughout the year on various topics

Generous paid time off and paid sick time

Community involvement opportunities