Jr. Underwriter

Axos Bank; San Diego (CA); On-site; USD 26,000 - 40,000; Full time

Benefits offered by this job

Medical, Dental, Vision & Life Insur

Paid time off: 3 weeks' vacation & 11+

HSA or FSA options

401(k) with employer match

529 Savings Plan

Employee mortgage loan program

Job summary

Axos Bank is seeking a Jr. Underwriter to analyze loan applications and related documents, clearing underwriting conditions per Axos policies while delivering excellent service to internal and external customers.

You will monitor loans in process to ensure timely completion and clear communication with all parties involved. Ideal candidates have a bachelor's degree or 2+ years in residential lending, strong analytical and mathematical skills, and the ability to work in a fast-paced team

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; 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

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

Skills

Communication skills

Teamwork

Analytical thinking

Mathematical calculations

Organizational skills

Multitasking

Attention to detail

Education

Bachelor's degree or 2+ years in residential lending

Tools

PC Lender/Mortgage Director

Job description

Axos BankTarget 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 JobAxos 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.ResponsibilitiesMaintain a thorough working knowledge of Axos’ lending policies, procedures, underwriting guidelines, loan-to-value published parameters, and requirements for packaging of loansExamine 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 closeAnalyzing applicant income, assets, liabilities, credit and other factors.Reviewing collateral documentation and appraisalsAdhering to all applicable compliance regulations, including BSA, BPA and Right to Financial PrivacyDemonstrates a commitment to fair lendingOther duties as assignedQualificationsBachelor's degree or 2+ years of experience in residential lendingKnowledge of appropriate systems PC Lender/Mortgage Director is a plusAbility to retain confidential information and display a high level of professionalismProvide timely and courteous service to both internal and external customersAbility to communicate effectively in both written and verbal formsAbility to perform correct mathematical calculations and analysesAbility to organize and prioritize tasks; manage workflow; multi-tasking is essentialAbility to work as a team player; work productively in a fast-paced environment with minimal supervisionKnowledgeable of lending practices and procedures including loan documentation requirementsFamiliarity with general lending practices within the industry.Axos Employee Benefits May Include:Medical, Dental, Vision, and Life InsurancePaid Sick Leave, 3 weeks’ Vacation, and Holidays (about 11 a year)HSA or FSA account and other voluntary benefits401(k) Retirement Saving Plan with Employer Match Program and 529 Savings PlanEmployee Mortgage Loan Program and free access to an Axos Bank Account with Self-Directed TradingAbout AxosBorn digital-first, Axos delivers financial tools and services that allow individuals, small businesses, and companies to access and manage their money how, when, and where they want. We’re a diverse team of dynamic, insightful, and independent innovators who are excited to provide technology-driven solutions that offer unbeatable value to our customers.Axos Financial is our holding company and is publicly traded on the New York Stock Exchange under the symbol \"AX\" (NYSE: AX).Learn more about working at AxosPre-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.Equal Employment Opportunity:Axos is an Equal Opportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, breast feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state, and local laws.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.The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.E-Verify and Right to Work NoticesAxos participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States. The E-Verify program is an internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.IER Right to Work Poster (English/Spanish)E-Verify Participation Poster (English/Spanish)