Jr. Underwriter

Axos Bank • San Diego, CA

6d

About The Position

Axos is seeking a Jr. Underwriter to analyze loan applications and related documentation thoroughly and accurately, clear outstanding underwriting conditions in accordance with Axos lending policies and procedures, and provide superior service to internal and external customers. The role monitors loans in process to support timely completion and effective communication among all parties.

The position requires maintaining knowledge of Axos lending policies, procedures, underwriting guidelines, loan-to-value parameters, and loan packaging requirements. The Jr. Underwriter reviews application packages and trailing documentation for completeness and compliance with guidelines, determines what additional documentation is needed, analyzes applicants’ financial information, and reviews collateral documentation and appraisals. The role also follows applicable compliance regulations and demonstrates a commitment to fair lending.

Requirements

• Bachelor's degree or at least 2 years of experience in residential lending.
• Knowledge of appropriate systems.
• Ability to retain confidential information and display a high level of professionalism.
• Ability to communicate effectively in written and verbal forms.
• Ability to perform correct mathematical calculations and analyses.
• Ability to organize and prioritize tasks, manage workflow, and multitask.
• Ability to work as a team player and productively in a fast-paced environment with minimal supervision.
• Knowledge of lending practices and procedures, including loan documentation requirements.
• Familiarity with general lending practices within the industry.

Nice To Haves

• Knowledge of PC Lender/Mortgage Director.

Responsibilities

• Maintain a thorough working knowledge of Axos lending policies, procedures, underwriting guidelines, published loan-to-value parameters, and loan packaging requirements.
• Review loan application packages and trailing documentation from Sales and Operations for completeness, conformity, and acceptability under Axos lending policies and guidelines.
• Determine whether additional documentation is required to complete underwriting and clear a loan to close.
• Analyze applicant income, assets, liabilities, credit, and other factors.
• Review collateral documentation and appraisals.
• Follow applicable compliance regulations, including BSA, BPA, and Right to Financial Privacy requirements.
• Demonstrate a commitment to fair lending.
• Monitor loans in process to support timely completion and effective communication with all parties.
• Provide timely and courteous service to internal and external customers.
• Perform other duties as assigned.

Benefits

• Medical, dental, vision, and life insurance.
• Paid sick leave, three weeks of vacation, and holidays (about 11 per year).
• HSA or FSA account and other voluntary benefits.
• 401(k) retirement savings plan with employer match.
• 529 savings plan.
• Employee Mortgage Loan Program.
• Free access to an Axos Bank Account with Self-Directed Trading.
• Eligible for an annual discretionary cash bonus target of 10%.
• Eligible for an annual discretionary restricted stock units bonus target of 10%; discretionary target bonuses may be awarded semi-annually based on achievement of performance goals and targets.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level