Senior Mortgage Processor

Shore United Bank is seeking a full-time Senior Mortgage Processor to join our team. TheMortgage processor is responsible for the accurate review, preparation, and processing of loan documentation required for the closing of residential and consumer loans. This position ensures all loan documents are complete, compliant, and prepared in a timely manner to support efficient loan closings. The Mortgage Analyst collaborates with lending staff, title companies, attorneys, and other stakeholders to resolve documentation issues, maintain regulatory compliance, and deliver a high level of customer service throughout the loan closing process.

What You'll Do:

A detailed list of job duties includes (but is not limited to):

• Review and verifies new loan information is entered correctly into the Empower system. Uploads credit report, SDAT, property taxes, sales contract, etc to file for initial disclosures.
• Communicates with Borrowers and all parties to request income/asset information. Uploads all income/asset information into Empower system. Completes income calculation and rental income sheets (if applicable). Runs AUS as needed.
• Completes the Processing Screen as tasks are requested and completed.
• Order FHA case numbers, CAIVERS, VA documents, appraisal, final inspections, appraisal reviews, flood cert, tax transcripts, DataVerify, condo docs, verifications of employment, and title work.
• Submit loans to Underwriting when ready. Document file with loan notes and Incomplete Notices on a regular basis.
• When loan is approved, communicate with Borrowers items needed to close. Once conditions are received, reviewed, and uploaded the loan is sent back to Underwriting.
• Communicate with Closers and title company to schedule closing dates and obtain title work and final items for closing. Request homeowner's insurance policy.
• Pull soft pull credit report and request verbal verifications of employment within 7 days of closing.
• Construction loans require construction docs to be sent to the Construction Dept for review and approval. Processor uploads construction contract, builder docs, appraisal, building permit, HOI (if applicable) to the Construction folder. Sends draw schedule to Borrowers and Builders when approved for signatures.
• If file has flood insurance, Processor is to complete the Flood Insurance Coverage checklist and obtain second review to verify coverage and policy are accurate and have sufficient coverage.
• Update locks to clear validation errors and extend locks through Optimal Blue as needed. Review lock expiration report on a daily basis.
• Processor to complete a Dead File Checklist and review for all loans that are denied/withdrawn/cancelled. Flood certs to be cancelled, file to document appraisal delivery and Adverse Action if applicable. Appropriate loan status to be entered and HMDA screen to be reviewed for accuracy and saved.
• Processors review their active pipeline on a daily basis to verify file is accurate, up-to-date and current at all times.
• Quality Control performed on all files.
• Processors to review the Loans to Close report to verify loans are clear to close as soon as possible and to communicate effectively and quickly with all parties any issues/problems.
• Knowledge of all product types is required.
• Attend training for new products as they become available.
• Demonstrates compliance awareness by completing all required regulatory and compliance training (e.g., BSA, CRA, ECOA) on or before deadlines, and actively supporting all policies, procedures, and practices that promote risk management, safety, and regulatory adherence.
• Demonstrating values and principles
• Self-evaluation in a timely manner
• All other duties as assigned
• Cooperates 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.
• Participates in required training sessions, including training for compliance with BSA/AML policies and procedures.

Location: Clinton Branch - 8843 Woodyard Road #123, Clinton, MD 20735

Position Type/Expected Hours of Work:

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

Required Education and Experience:

• High School Diploma or GED required
• 2yrs of mortgage processing experience.
• 2yrs of experience in the mortgage banking

Compensation:

• The pay range for this position is $27.50 to $39.25 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.