Post-Close Underwriter, Manager

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 skilled and detail-oriented Post-Close Underwriter, Manager to join our mortgage operations team. This dual-role professional is responsible for reviewing closed loans for compliance, underwriting accuracy, and clearing conditions identified by third-party due diligence (TPR) firms or investors. The ideal candidate has a strong understanding of agency and investor guidelines, post-closing workflows, and audit remediation processes.


Key Responsibilities

• Conduct post-close reviews of funded mortgage loan files to ensure loans were underwritten and closed in compliance with FNMA, FHLMC, FHA, VA, USDA, and investor guidelines.
• Validate credit, income, asset, and collateral documentation against the original underwriting decision.
• Confirm that all loan conditions were properly satisfied prior to funding.
• Identify and document any deficiencies, inconsistencies, or compliance issues.
• Review findings and conditions issued by third-party review (TPR) firms, aggregators, or investors during post-close quality control.
• Research and respond to TPR conditions with supporting documentation, updated calculations, or narrative explanations.
• Coordinate with internal teams (underwriting, closing, compliance) to gather necessary documents for clearance.
• Track and report status of open TPR conditions to internal stakeholders.
• Maintain detailed audit trails of all communications and clearance actions.
• Assist in analyzing trends in TPR findings to identify process improvements or training needs.

• Minimum 3-5 years of mortgage underwriting and/or post-closing experience.
• Experience responding to TPR or investor loan reviews is strongly preferred.
• Strong knowledge of agency and investor guidelines (FNMA, FHLMC, FHA, VA, USDA).
• Familiarity with LOS platforms such as Encompass, DU/LP, and investor delivery systems.
• Excellent organizational skills, analytical thinking, and attention to detail.
• Ability to communicate findings professionally and clearly in written responses.
• Comfortable working in a fast-paced, deadline-driven environment.

• 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.