Mortgage Funder/Closer

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 are seeking a Mortgage Funder/Closer to join our growing organization. The ideal candidate is a self-motivated individual who is reliable, efficient, has a sense of responsibility, and the willingness to learn. The Mortgage Funder/Closer will coordinate all phases of the closing process including preparing closing packages, communicating with all parties involved in the transaction, and ensuring that all documentation is complete, accurate and in compliance with legal regulations.

 *Will consider remote work if residence is farther than a 50-mile radius from Chatsworth, CA. 

Key Responsibilities

• Organize and prepare all closing and legal documents in accordance to state and/or federal regulations
• Ensure all disclosures are prepared accurately and in conformance with TRID and Investor policies, guidelines and timelines
• Ensure that all loans are closed without delays and comply with company and investor requirements
• Confirm that loans are closing only after Underwriter’s final approval
• Address questions from internal and external parties regarding closings and proactively handle any issues that may arise
• Meet performance requirements (volume, quality, and timeliness)
• Work with a high sense of urgency when responding to follow-ups and internal/external communications
• Review funding documents for completeness and accuracy, prior to authorizing loans to fund
• Communicate with loan officers, processors, escrow officers, and settlement agents to keep them updated throughout the closing process, and fund loans in a timely manner
• Ensure that all loan conditions outlined by the underwriter are cleared, performing updated verification tasks, and coordinating with title companies as required
• Request daily wires from warehouse banks
• Meet production and quality standards consistently
• Work independently and manage pipeline to ensure deadlines and production goals are met
• Assist with post-closing functions, as needed
• Provide daily status to manager on all unfunded loans
• Perform other related duties as required and assigned

Requirements

• 2 years TRID experience in funding/closing
• 3+ years Mortgage experience
• 2+ years Encompass Experience Preferred
• Must be able to multi-task and excel in a fast-paced environment
• Ability to read, analyze, and interpret complex documentation
• Ability to respond effectively and urgently to inquiries or complaints
• Excellent problem-solving skills
• High School Diploma/GED

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 does not tolerate discrimination of any type. Cake 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 provides eligible and qualified employees with opportunities to advance. Cake is an at will employer. Cake is committed to providing employees with a work environment free of discrimination and harassment.