Mortgage Underwriter, Lead (Non-QM)

Cake Mortgage Corp•Chatsworth, CA

6d•$100,000

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 an experienced Mortgage Underwriter, Lead to guide our underwriting team. The ideal candidate will have deep knowledge of Non-QM products, strong analytical skills, and proven leadership experience. This role involves overseeing daily underwriting operations, ensuring compliance with company and investor guidelines, mentoring underwriters, and driving continuous improvement in underwriting quality and efficiency.

Requirements

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.
FHA and VA underwriting experience preferred.
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.

Nice To Haves

FHA and VA underwriting experience preferred.

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.