Jr. Underwriter

About the role

• Axos Bank
• Target Range: $19.00/Hr. - $29.00/Hr.
• Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education.
• Eligible for an Annual Discretionary Cash Bonus Target: 10%
• Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 10%
• These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.

About This Job

Axos is seeking a Jr. Underwriter who will ensure thorough and accurate analysis of loan applications and all related documentation to clear outstanding underwriting conditions in accordance with Axos lending policies and procedures while providing superior service to both internal and external customers; monitors loans in process to ensure timely completion and effective communications to all parties involved.

Responsibilities

• Maintain a thorough working knowledge of Axos' lending policies, procedures, underwriting guidelines, loan-to-value published parameters, and requirements for packaging of loans
• Examine loan application packages and trailing documentation submitted by Sales and Operations for completeness, conformity and acceptability to Axos lending policies and guidelines. Determine if additional documentation is required to complete the underwriting process and clear loan to close
• Analyzing applicant income, assets, liabilities, credit and other factors.
• Reviewing collateral documentation and appraisals
• Adhering to all applicable compliance regulations, including BSA, BPA and Right to Financial Privacy
• Demonstrates a commitment to fair lending
• Other duties as assigned

Qualifications

• Bachelor's degree or 2+ years of experience in residential lending
• Knowledge of appropriate systems PC Lender/Mortgage Director is a plus
• Ability to retain confidential information and display a high level of professionalism
• Provide timely and courteous service to both internal and external customers
• Ability to communicate effectively in both written and verbal forms
• Ability to perform correct mathematical calculations and analyses
• Ability to organize and prioritize tasks; manage workflow; multi-tasking is essential
• Ability to work as a team player; work productively in a fast-paced environment with minimal supervision
• Knowledgeable of lending practices and procedures including loan documentation requirements
• Familiarity with general lending practices within the industry.

Axos Employee Benefits May Include

• Medical, Dental, Vision, and Life Insurance
• Paid Sick Leave, 3 weeks' Vacation, and Holidays (about 11 a year)
• HSA or FSA account and other voluntary benefits
• 401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan
• Employee Mortgage Loan Program and free access to an Axos Bank Account with Self-Directed Trading

Pre-Employment Background Check and Drug Test

All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre-employment drug screening, which includes screening for marijuana. Axos Bank is a federally regulated banking institution. At the federal level, marijuana is an illegal schedule 1 drug; therefore, we will not employ any person who tests positive for marijuana, regardless of state legalization.

Job Functions and Work Environment

While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc.