Senior Underwriter NonQM/Non-Agency

Job Type Full-time Description Cake Mortgage is a progressive National Mortgage Lender based out of Chatsworth, CA offering both competitive compensation and career growth. We are always looking for like-minded passionate individuals to join our team and grow within our organization. We are seeking a certified Senior Underwriter NonQM and Non-Agency to join our team here at Cake Mortgage. These individuals will have extensive background making manual credit decisions on a broad spectrum of loans on a delegated basis to include experience working with DSCR, Bank Statement, P&L, WVOE, 1099, and Asset Utilization loans. Requirements • 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 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 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. Required 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 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, or 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. Cake Mortgage is committed to providing employees with a work environment free of discrimination and harassment. Apply Job!