Mortgage Funder/Closer

Cake Mortgage Corp.•Los Angeles, CA

41d

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 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, and ensuring that all documentation is complete, accurate and in compliance with legal regulations.

Requirements

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

Responsibilities

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