Senior Underwriter NonQM/Non-Agency

DescriptionCAKE 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 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.Key ResponsibilitiesThis is an in-office role ONLYBe 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 requestsAnalyze borrower's credit file, collateral and capacity to ensure credit-worthinessPerform 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 submissionsIdentify potential misrepresentation or fraud.Keep up-to-date with all guideline changes and system enhancements. Requirements Working knowledge of Non-Agency/NonQM underwriting guidelines demonstrated through a minimum of 5+ years underwriting experience on Non-Agency/NonQM productsExperience with DSCR, Bank statement, P&L Only, WVOE Only, 1099 OnlyAbility to read and comprehend new programs and underwriting guidelinesFHA and VA underwriting experience preferredWorking knowledge of Microsoft productsExperience with LOS platform EncompassHigh attention to detail and effective problem-solving skillsAbility to work independently, with minimal supervisionAbility to multitask in a high-volume environmentExcellent written and oral communication skillsContinuous focus on the customer experience