[Hiring] Underwriter NonQM/Non-Agency @Cake Mortgage Corp.

Role Description

CAKE Mortgage is seeking an Underwriter NonQM and Non-Agency to join our team. These individuals will have extensive background making manual credit decisions on a broad spectrum of loans on a delegated basis, including:

• DSCR
• Bank Statement
• P&L
• WVOE
• 1099
• Asset Utilization loans

Key Responsibilities:

• Be the 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 credit-worthiness.
• 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 compliance with 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.

Qualifications

• 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 the customer experience.

Company Description

Cake Mortgage does not tolerate discrimination of any type. Cake Mortgage offers equal employment opportunity to all qualified persons without regard to:

• Race
• Age
• Color
• Religion
• Sex/Gender
• Gender Identity
• Sexual Orientation
• Marital Status
• Medical Condition
• Military or Veteran Status
• National Origin
• Ancestry
• Disability
• Any other considerations made unlawful by Federal, State, or Local law.

Cake Mortgage provides eligible and qualified employees with opportunities to advance. Cake Mortgage is an at-will employer and is committed to providing employees with a work environment free of discrimination and harassment.