The Mortgage Record
Lender report card · New Jersey

Cake Mortgage Corp.

Chatsworth, CA · What the federal mortgage record shows about how Cake Mortgage Corp. treated New Jersey applicants, 2018–2025 — 361 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
66.5%
240 approved
Denial rate
33.5%
121 denied
Decisions
361
2018–2025
Avg. rate spread
+0.46 pp
vs. market benchmark
66.5% approved
33.5% denied

Share of 361 New Jersey applications Cake Mortgage Corp. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional68.8% of 337 · NJ 87%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

25%43%61%79%97%62%29%79%95%2022202320242025

Pricing

Adjusting for its loan-type mix, Cake Mortgage Corp.’s rates ran +0.23 pp higher than the typical New Jersey lender (average rate spread +0.46 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Cake Mortgage Corp. approves

By income
$50–75k57.8% · 45$75–100k58.3% · 60$100–150k65.6% · 96$150–250k78.0% · 91$250k+78.3% · 46
By debt-to-income
Under 36%72.1% · 14736–43%71.8% · 7843–50%73.1% · 104Over 50%3.4% · 29
By down payment (LTV)
20%+ down65.4% · 31810–20% down71.4% · 28

Why Cake Mortgage Corp. denied applications

Incomplete application67% of denialsCredit history26% of denialsDebt-to-income ratio19% of denialsOther10% of denialsEmployment history3% of denialsUnverifiable information2% of denials

Where Cake Mortgage Corp. lends in NJ

CountyDecisionsApproval
Middlesex County3953.8%
Bergen County3781.1%
Ocean County2853.6%
Essex County2853.6%
Morris County2763.0%
Union County2665.4%
Passaic County2580.0%

Fees & closing costs

Median total loan costs
$11,695
home purchase
As % of loan
2.51%
NJ median 1.93%
Priced originations
53
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Cake Mortgage Corp.’s home-purchase originations — 0.57 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $648. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Cake Mortgage Corp. to other lenders for your profile

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Cake Mortgage Corp. (LEI 5493000EUC3MM52PJV85). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →