Mortgage Opener

Cake Mortgage Corp.•Los Angeles, CA

10h

About The Position

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.

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.

Nice To Haves

Knowledge of mortgage loan documents and compliance guidelines a plus.

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.