Cake Mortgage Corp · 2 weeks ago
Credit Risk Policy Manager
Chatsworth,CA,US
Full-time
Onsite
Senior Level
5+ years expCAKE Mortgage Corp is a cutting-edge wholesale mortgage lender specializing in Non-QM products. The Credit Risk Policy Manager is responsible for developing and optimizing mortgage credit risk policies, ensuring compliance and alignment with business strategy while managing governance processes and analyzing credit risks.
CreditFinanceFinancial ServicesLendingMortgage
Responsibilities
Own and maintain enterprise mortgage credit policies, underwriting standards, and credit overlays
Interpret and implement agency, investor, and insurer guidelines (Non-QM, FNMA, FHLMC, FHA, and VA)
Ensure credit policies align with enterprise risk appetite, product strategy, and regulatory expectations
Manage policy governance processes including version control, approvals, documentation, and change management
Conduct quantitative and qualitative analysis of loan performance, defect trends, early payment defaults (EPDs), repurchases, and credit losses
Analyze portfolio, pipeline, and vintage-level data to identify emerging credit risks and policy gaps
Partner with Analytics, Data Science, and Finance teams to develop dashboards, KPIs, and risk monitoring tools
Perform impact analysis for proposed policy changes, new products, and credit overlays
Use internal data, investor feedback, QC findings, and market trends to support policy recommendations
Support stress testing, scenario analysis, and risk segmentation efforts as they relate to underwriting policy
Monitor credit risk indicators and escalate material risks to leadership and risk committees
Partner with Quality Control, Compliance, Legal, and Audit teams to address findings and drive remediation
Support internal audits, regulatory exams, and investor reviews related to credit policy and underwriting risk
Review and approve credit policy exceptions, variances, and escalations as assigned
Qualification
Required
Bachelor's degree in Finance, Economics, Business, Risk Management, Data Analytics, or related field (or equivalent experience)
5+ years of experience in mortgage credit risk, credit policy, underwriting policy, credit analytics, or risk governance
Strong knowledge of agency and government loan programs (Non-QM, Conventional, FHA, VA, USDA)
Demonstrated experience using data to inform credit policy or risk decisions
Advanced analytical and problem-solving skills
Excellent written and verbal communication skills with the ability to translate data into actionable guidance
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
Company data provided by crunchbase