Capital Markets Intern

Cake Mortgage Corp.•Los Angeles, CA

About The Position

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 motivated and analytical Capital Markets Intern to join our Capital Markets team. This internship provides hands-on exposure to the mortgage lending industry with a focus on secondary marketing, pricing, loan trading, investor relations, analytics, and operational support. This is an excellent opportunity for a student or recent graduate interested in mortgage banking, finance, capital markets, economics, or financial analysis to gain practical experience in a fast-paced lending environment.

Requirements

Currently pursuing or recently completed a Bachelor’s degree in Finance, Economics, Business Administration, Accounting, Real Estate, Mortgage Banking, or a related field.
Strong interest in mortgage lending, capital markets, financial services, or banking.
Basic understanding of financial concepts, interest rates, and market fundamentals preferred.
Proficiency in Microsoft Excel and Google Sheets; experience with formulas, pivots, and reporting preferred.
Strong analytical, organizational, and problem-solving skills.
Excellent verbal and written communication skills.
Ability to manage multiple priorities in a deadline-driven environment.

Nice To Haves

Exposure to mortgage lending, secondary marketing, or financial analytics is a plus.
Coursework or internship exposure in finance, banking, accounting, or economics.
Familiarity with mortgage terminology and loan lifecycle concepts.
Experience using reporting tools, BI platforms, or data analysis tools is a plus.

Responsibilities

Support daily capital markets operations including pricing, pipeline monitoring, and investor reporting.
Assist with tracking mortgage loan pipeline activity and maintaining data accuracy across systems.
Help prepare reports and dashboards related to lock volume, pull-through, margin performance, and loan sale activity.
Conduct market and competitor research to support pricing and business decisions.
Assist with secondary marketing functions including loan delivery and investor documentation.
Review loan data for completeness and identify discrepancies for resolution.
Support analysis of mortgage-backed securities (MBS), interest rate trends, and market movements.
Partner cross-functionally with Operations, Underwriting, Closing, and Finance teams.
Participate in process improvement initiatives and operational projects.
Maintain documentation and support ad hoc reporting requests.