What are the responsibilities and job description for the Broker Approval Administrator position at JBA International?
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 Broker Approval Administrator plays a critical role in onboarding, maintaining, and reviewing the accreditation of mortgage brokers and broker firms. This role ensures that all brokers meet internal and regulatory compliance standards before being approved to submit business. The ideal candidate is detail-oriented, highly organized, and has a solid understanding of mortgage industry requirements.
Key Responsibilities
The Broker Approval Administrator plays a critical role in onboarding, maintaining, and reviewing the accreditation of mortgage brokers and broker firms. This role ensures that all brokers meet internal and regulatory compliance standards before being approved to submit business. The ideal candidate is detail-oriented, highly organized, and has a solid understanding of mortgage industry requirements.
Key Responsibilities
- Process new mortgage broker and firm applications, ensuring all required documentation is complete and accurate.
- Conduct due diligence checks, including background and credit checks, licensing validation, and reference verification.
- Maintain accurate and up-to-date records of all broker applications and approvals in internal systems.
- Liaise with brokers, aggregators, and internal departments to gather missing information or clarify application details.
- Monitor ongoing broker compliance, including annual re-accreditation and ongoing fit-and-proper status checks.
- Ensure adherence to all company policies and regulatory requirements (e.g., ASIC, MFAA, or equivalent).
- Assessment of company financials, Including P&L.
- Generate approval letters, contracts, and related onboarding documentation.
- Assist with audits and reporting as required.
- Ad hoc projects and tasks.
Requirements
- Previous experience in mortgage administration, broker onboarding, or financial services compliance preferred.
- Strong knowledge of mortgage industry regulations and broker accreditation standards.
- Excellent organizational skills and attention to detail.
- Proficiency with CRM systems and document management tools.
- Advanced Excel skills required, including the ability to create reports and perform data analysis.
- Encompass experience preferred.
- Strong written and verbal communication skills.
- Ability to manage time effectively and prioritize workload in a fast-paced environment.
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.