Cake Mortgage Corp · 3 months ago
Underwriter, Manager (Non-QM)
United States
Full-time
Remote
Senior Level
5+ years expCAKE Mortgage is a cutting-edge wholesale mortgage lender specializing in Non-QM products. They are seeking an experienced Mortgage Underwriter, Manager to lead their underwriting team, overseeing daily operations and ensuring compliance with guidelines while mentoring underwriters.
CreditFinanceFinancial ServicesLendingMortgage
Responsibilities
Manage and lead a team of mortgage underwriters, providing coaching, training, and performance feedback
Oversee the underwriting process to ensure accuracy, consistency, and adherence to company, investor, and regulatory guidelines
Review and approve complex or high-risk loan files, including income documentation, creditworthiness, asset verification, and property valuations
Monitor pipeline reports, workflow, and SLAs to ensure timely turn times and service levels are met or exceeded
Collaborate with internal departments (sales, processing, funding, QC, and compliance) to resolve issues and improve loan quality
Serve as the subject matter expert (SME) for Non-QM products, including bank statement loans, asset depletion, DSCR, and other alternative documentation loans
Ensure all underwriting decisions are well-documented and meet internal audit and investor standards
Conduct regular file audits and quality reviews to maintain compliance and reduce repurchase risk
Identify training needs and coordinate with training departments to implement necessary upskilling for the underwriting team
Stay updated on industry trends, guideline changes, and regulatory developments affecting Non-QM lending
Qualification
Required
Minimum 5 years of mortgage underwriting experience
2+ years in a leadership or managerial role overseeing underwriters
Proficient in analyzing income sources (bank statements, P&L, asset depletion, DSCR, etc.)
Strong understanding of mortgage credit risk, fraud detection, and regulatory compliance
Working knowledge of LOS system, Encompass
Excellent communication, organizational, and problem-solving skills
Ability to manage remote teams and multiple priorities in a fast-paced environment
Benefits
Competitive compensation and performance-based bonuses.
Opportunities for career advancement and innovation.
Company
Cake Mortgage Corp
Our Mission is to be a Partner For Life by empowering our customers to get the most value out of their biggest investment–whether they’re purchasing a new home, refinancing to a lower rate or tapping some hard-earned equity, we’ll stop at nothing to make every stage of home ownership a piece of Cake.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Hilton Sher
Cyber Security Information Executive & CTO
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