Cake Mortgage Corp · 1 day ago
Mortgage Underwriter, Lead (Non-QM)
Chatsworth,CA,US
Full-time
Onsite
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, Lead to guide their underwriting team, overseeing daily operations and ensuring compliance with guidelines while mentoring underwriters and driving quality improvements.
CreditFinanceFinancial ServicesLendingMortgage
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 creditworthiness
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
Qualification
Required
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
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 customer experience
Preferred
FHA and VA underwriting experience preferred
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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