Mortgage Opener at Cake Mortgage Corp.

Los Angeles, California, United States -

Full Time

Start Date

Immediate

Expiry Date

08 Jun, 26

Salary

0.0

Posted On

10 Mar, 26

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Detail-Oriented, Organization, Communication, Time Management, Loan Origination Systems, Microsoft Office, Data Validation, File Preparation, Compliance Knowledge

Industry

Financial Services

Description

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. The Mortgage Opener is responsible for initiating the mortgage loan file once a loan application is submitted. This position plays a critical role in preparing loan files for processing by collecting, reviewing, and organizing all required initial documentation. The ideal candidate is detail-oriented, organized, and able to thrive in a fast-paced, deadline-driven environment. Key Responsibilities Initial Loan Package Review. Review incoming credit packages and loan application files for completeness and accuracy. Ensure all required documents are included per loan program guidelines (Non-QM, Alternative Documentation, Conventional, FHA). Identify any missing or incomplete documentation. Confirm that all sections of the Uniform Residential Loan Application (URLA/1003) are properly completed. Validate borrower data including personal information, loan purpose, property details, and employment history. Verify that the appropriate income documentation (e.g., pay stubs, W-2s, tax returns, self-employment documentation) is present according to loan program requirements. Communicate professionally and proactively with mortgage brokers, loan officers and processors to request and follow up on missing or incomplete items. Track and document communications regarding outstanding documentation. File Preparation for Underwriting. Organize and prepare complete loan files for submission to underwriting. Confirm that all required documents are uploaded into the loan origination system (LOS) in the correct format and order. Prioritize workload to meet internal deadlines and posted service level agreements (SLAs). Accurately update loan statuses and document receipt in LOS and/or tracking systems. Maintain detailed and organized records of loan file contents and communications. Requirements High school diploma or equivalent required; associate or bachelor’s degree preferred. 1+ years of experience in mortgage, banking, or financial services preferred. Strong attention to detail and organizational skills. Excellent written and verbal communication. Ability to manage multiple tasks and deadlines. Proficient in Microsoft Office (Word, Excel, Outlook) and familiar with loan origination systems (e.g., Encompass, Calyx, etc.). Knowledge of mortgage loan documents and compliance guidelines a plus. Why Join CAKE Mortgage? Be part of a fast-growing company changing the game in Non-QM Competitive compensation and performance-based bonuses Collaborative and entrepreneurial culture Opportunities for career advancement and innovation 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.

Responsibilities

The Mortgage Opener initiates the mortgage loan file upon submission by collecting, reviewing, and organizing all necessary initial documentation to prepare files for processing and underwriting. Key duties include reviewing credit packages for completeness, validating borrower data, and proactively communicating with brokers and loan officers regarding missing items.