Cake Mortgage Corp.

Description ***Will consider remote work if residence is 30 miles from Chatsworth, CA.*** CAKE Mortgage is a cutting-edge wholesale mortgage lender specializing in Non-QM products. We're redefining the lending experience with innovative programs, streamlined processes, and a commitment to speed and precision. As we grow, we're looking for forward-thinking professionals who thrive in fast-paced, collaborative environments. We are seeking an Underwriter NonQM and Non-Agency to join our team here at Cake Mortgage. These individuals will have extensive background making manual credit decisions on a broad spectrum of loans on a delegated basis to include experience working with DSCR, Bank Statement, P&L, WVOE, 1099, and Asset Utilization loans. Key Responsibilities - Be primary point of contact as subject matter expert (SME) assisting salesforce and business partners in structuring eligible loans in conjunction with the Company’s third-party originators. - Interpret and provide appropriate loan solutions for NonQM/Non-Agency loan requests - Analyze borrower’s credit file, collateral and capacity to ensure credit-worthiness - Perform manual underwriting review to ensure loan meets all product and property guidelines of Company and investors, as well as compliance with corporate and secondary market investor standards. - Underwrite Non-Agency/NonQM correspondent, wholesale/broker and retail loans in a timely manner to ensure loan meets all product and property guidelines of Company and investors, as well as meeting all established loan policies, credit limits and regulatory requirements. - Clear conditions timely on loans; affirm data integrity on all submissions - Identify potential misrepresentation or fraud. - Keep up-to-date with all guideline changes and system enhancements. Requirements - Working knowledge of Non-Agency/NonQM underwriting guidelines demonstrated through a minimum of 5+ years underwriting experience on Non-Agency/NonQM products - Experience with DSCR, Bank statement, P&L Only, WVOE Only, 1099 Only - Ability to read and comprehend new programs and underwriting guidelines - FHA and VA underwriting experience preferred - Working knowledge of Microsoft products - Experience with LOS platform Encompass - High attention to detail and effective problem-solving skills - Ability to work independently, with minimal supervision - Ability to multitask in a high-volume environment - Excellent written and oral communication skills - Continuous focus on the customer experience Cake Mortgage does not tolerate discrimination of any type. Cake Mortgage offers equal employment opportunity to all qualified persons without regard to race, age, color, religion, sex/gender, gender identity, sexual orientation, marital status, medical condition, military or veteran status, national origin, ancestry, disability, or any other considerations made unlawful by Federal, State, or Local law. Cake Mortgage provides eligible and qualified employees with opportunities to advance. Cake Mortgage is an at will employer. Cake Mortgage is committed to providing employees with a work environment free of discrimination and harassment.

Role Description CAKE Mortgage is a cutting-edge wholesale mortgage lender specializing in Non-QM products. We're redefining the lending experience with innovative programs, streamlined processes, and a commitment to speed and precision. As we grow, we're looking for forward-thinking professionals who thrive in fast-paced, collaborative environments. We are seeking a Mortgage Funder/Closer to join our growing organization. The ideal candidate is a self-motivated individual who is reliable, efficient, has a sense of responsibility, and the willingness to learn. The Mortgage Funder/Closer will coordinate all phases of the closing process including: - Preparing closing packages - Communicating with all parties involved in the transaction - Ensuring that all documentation is complete, accurate and in compliance with legal regulations Will consider remote work if residence is farther than a 50-mile radius from Chatsworth, CA. Qualifications - 2 years TRID experience in funding/closing - 3+ years Mortgage experience - 2+ years Encompass Experience Preferred - Must be able to multi-task and excel in a fast-paced environment - Ability to read, analyze, and interpret complex documentation - Ability to respond effectively and urgently to inquiries or complaints - Excellent problem-solving skills - High School Diploma/GED Requirements - Organize and prepare all closing and legal documents in accordance to state and/or federal regulations - Ensure all disclosures are prepared accurately and in conformance with TRID and Investor policies, guidelines and timelines - Ensure that all loans are closed without delays and comply with company and investor requirements - Confirm that loans are closing only after Underwriter’s final approval - Address questions from internal and external parties regarding closings and proactively handle any issues that may arise - Meet performance requirements (volume, quality, and timeliness) - Work with a high sense of urgency when responding to follow-ups and internal/external communications - Review funding documents for completeness and accuracy, prior to authorizing loans to fund - Communicate with loan officers, processors, escrow officers, and settlement agents to keep them updated throughout the closing process, and fund loans in a timely manner - Ensure that all loan conditions outlined by the underwriter are cleared, performing updated verification tasks, and coordinating with title companies as required - Request daily wires from warehouse banks - Meet production and quality standards consistently - Work independently and manage pipeline to ensure deadlines and production goals are met - Assist with post-closing functions, as needed - Provide daily status to manager on all unfunded loans - Perform other related duties as required and assigned Benefits - Be part of a fast-growing company changing the game in Non-QM - Competitive compensation and performance-based bonuses - Collaborative and entrepreneurial culture - Opportunities for career advancement and innovation