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.

Essential Functions Include :

• 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.

Location : Westgate Building - 200 Westgate Circle, Annapolis, MD 21401

Position Type / Expected Hours of Work :

Required Education and Experience :

Compensation :

Company Benefits :

Shore United Bank is a full-service financial institution with a rich history dating back to 1876. In excess of $6 billion in assets, we offer innovative financial services delivered with the personal touch you expect. We serve a broad geographic area with branches in Maryland, Delaware, and Virginia, and we also provide a comprehensive suite of digital banking services that allow you to bank with us no matter where life takes you. In addition to banking, we offer trust and wealth management services through Wye Trust, a division of Shore United Bank. Together, our team of experienced professionals is dedicated to helping you achieve your financial goals.

Shore United Bank is an Affirmative Action / Equal Opportunity Employer. Shore United Bank is an E-Verify participant.