Post Close Underwriter I (Trainee)

Cake Mortgage Corp. • Los Angeles, CA

5h

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 detail-oriented Post Close Underwriter I to join our mortgage operations team. This entry-level opportunity is ideal for candidates looking to grow their career in mortgage underwriting, quality control, and post closing operations. The selected candidate will receive hands-on training and mentorship while assisting with the review of closed loan files, clearing conditions, and ensuring compliance with agency, government, and investor guidelines.

Requirements

• 1+ year of mortgage, banking, financial services, or administrative experience preferred.
• Recent graduates with a degree in Business, Finance, or related fields are encouraged to apply.
• Basic understanding of mortgage lending or underwriting concepts is a plus.
• Strong attention to detail and organizational skills.
• Ability to learn quickly and work in a fast-paced environment.
• Strong written and verbal communication skills.
• Proficiency in Microsoft Office and ability to learn mortgage systems and technology platforms.

Nice To Haves

• Familiarity with Encompass, DU/LP, or mortgage documentation is preferred but not required.

Responsibilities

• Assist with post-close reviews of funded mortgage loan files for completeness, accuracy, and compliance.
• Review documentation including income, assets, credit, and collateral to ensure files meet underwriting and investor requirements.
• Support the review and resolution of conditions identified by third-party review (TPR) firms or investors.
• Help gather and organize supporting documentation needed for condition clearance.
• Communicate with internal departments including underwriting, closing, compliance, and operations teams.
• Track open conditions and maintain accurate records of responses and loan status updates.
• Learn and apply agency, government, and Non-QM guidelines through ongoing training and mentorship.
• Assist with identifying documentation discrepancies and escalating issues as needed.
• Maintain detailed and organized audit trails within company systems.
• Participate in training sessions, process improvement initiatives, and team meetings.

Benefits

• Competitive compensation and performance-based bonuses.
• Opportunities for career advancement and innovation.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level