Mortgage Underwriter – Training Program

Description

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're seeking a Mortgage Underwriter – Training Program participant to join our dynamic team. The Mortgage Underwriter – Training Program is a structured six-week development role designed to prepare participants to underwrite residential mortgage loans. During the program, the trainee gains hands‑on experience with Non‑QM loan products, credit risk assessment, regulatory compliance, and the company's loan origination technology. Upon successful completion of the program, the trainee assumes full underwriting responsibilities, evaluating loan applications and supporting documentation and rendering credit decisions in accordance with federal, state, investor, and company guidelines.

• Complete all assigned coursework, evaluations, and mentorship requirements within the six-week training program.
• Develop working knowledge of Non-QM loan products, program guidelines, and borrower eligibility requirements.
• Learn credit risk assessment methodology, including income, asset, credit, and collateral analysis.
• Gain proficiency in the company's loan origination and underwriting technology.
• Apply federal, state, investor, and company compliance requirements to assigned loan files under the supervision of a senior underwriter.
• Meet all program benchmarks and demonstrate readiness to underwrite independently upon completion.
• Must pass 6 out of 10 test cases to get onto the floor.

• Review loan applications and supporting documentation for accuracy, consistency, and completeness.
• Evaluate credit risk in accordance with federal, state, investor, and company guidelines.
• Render underwriting decisions across the assigned range of mortgage products.
• Issue loan approvals, suspensions, and denials clearly, promptly, and with well‑documented rationale.
• Ensure full regulatory and guideline compliance throughout the loan process.
• Maintain established standards for file quality, turn times, and communication.
• Collaborate with clients, sales, and account executives to resolve file conditions and issues.
• Perform other related duties as required and assigned.

• High School Diploma or GED required.
• Bachelor's degree in Finance, Accounting, Business Administration, Economics, Mathematics, or a related field preferred, but not required.

• Experience with Encompass or a comparable loan origination system preferred; system training is provided during the program.

• 1–3 years of underwriting experience preferred, specifically in a Non‑QM environment.
• Experience in a production-based, deadline-driven work environment preferred.
• Experience in a fast-paced, high-volume setting preferred.

• Strong analytical, problem‑solving, and decision‑making skills with a high level of attention to detail.
• Excellent written and verbal communication skills.
• Ability to learn and apply complex guidelines, regulations, and program requirements.
• Ability to work effectively in a fast‑paced, deadline‑driven environment.
• Demonstrated eagerness to learn and grow within a high‑performance, team‑oriented culture.
• Ability to manage an assigned pipeline and prioritize competing deadlines.
• Proficiency with Microsoft Office Suite and the systems and tools required for the position.
• Ability to maintain confidentiality and exercise sound judgment when handling sensitive borrower information.

• Prolonged periods of sitting and working at a computer workstation.
• Ability to communicate effectively in person, by phone, and through electronic communication tools.
• Ability to occasionally travel for meetings, conferences, training, or business development needs.

This position operates in a professional office. Employees working remotely are required to maintain a…