Closing Administrator

Shore United Bank is seeking a full-time Closing Administrator to join our team. The Closing Administrator is responsible for ensuring the completion of the Closing/Funding process of residential loans in accordance with company policy, regulatory compliance, and investor guidelines. Individuals in this position work closely with Sales and Processing departments. As a closing subject matter expert, this individual ensures all loans are funded properly based on federal, state, and local laws and regulations.

Essential Functions Include

• Perform all functions related to the preparation of various mortgage loan products.
• Review the loan file for completeness, per the product profile prior to the preparation of Closing Instructions.
• Prepare Closing Disclosures, settlement packages: review title work and title binders and resolve any issues related to the title that may arise.
• Review all documents of the Closing package
• Responsible for the scheduling of settlements to ensure process is completed in a timely manner and reflected on settlement board
• Verify that all conditions have been met prior to releasing funds. Responsible for communicating with Secondary and/or Servicing on any outstanding items.
• Print disbursement sheets for loans settling each business day.
• Complete wire transfers upon request and ensure proper instructions are followed. OFAC check must be completed. Proper copies must be sent to appropriate parties.
• 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 Company’s compliance with all regulatory requirements, e.g., Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, etc.
  
  

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

Position Type/Expected Hours Of Work

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

Required Education And Experience

• High school diploma/GED equivalent.
• A minimum of two years' experience in mortgage closing required.
  
  

Compensation

• The pay range for this position is $28.00 to $36.25 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.
  
  

Company Benefits

• 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 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
  
  

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.