Axos Bank
Target Range:
$80,000.00/Yr. - $110,000.00/Yr.
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 Bank is seeking a detail-oriented and experienced Senior Underwriter to join our team, specializing in Single Family Residential Construction loans. This role is ideal for someone with a strong background in conventional jumbo loan underwriting and construction budget analysis. You’ll be responsible for evaluating loan documentation, assessing borrower creditworthiness, and ensuring compliance with investor and bank portfolio guidelines. If you have a deep understanding of FNMA, FHLMC, HUD, and construction-related financials, and enjoy working in a fast-paced, risk-sensitive environment, we’d love to hear from you.

Responsibilities:

• Review all loan documentation submitted for initial underwriting decision, conditional approvals, and clear to close
• Evaluate credit history, income, assets and current liabilities for ability to repay
• Conduct careful risk analysis and exercise good judgment to determine if loans conform to applicable underwriting guidelines for sale on the secondary market
• Requires proficiency and in-depth knowledge of FNMA, FHLMC, HUD, and investor guidelines
• Review and respond to quality control and investor suspense items related to Credit for loan sale
• Assist Construction Risk department in reviewing construction budgets, including hard and soft cost breakdowns, contingency review, 3rd party analysis reports and LTC/LTV validation
• Review construction policy title reports and construction-related insurance policies
• Reconcile budget line items and ensuring existence of clear paper trail to support costs and disbursements

Qualifications:

• Bachelor’s degree in accounting, finance, mathematics or statistics preferred
• 3+ years of agency underwriting experience with conventional jumbo loans
• 2 years of Construction Loan Monitoring or related experience
• Guideline knowledge of Fannie and Freddie
• Strong background in residential construction budgets, including hard and soft cost breakdowns, contingency review, and LTC/LTV validation
• Proficient in reconciling budget line items and ensuring a clear paper trail exists to support each cost and disbursement
• Experience working with general contractor agreements, including cost-plus vs. fixed-price structures
• Familiarity with construction-related insurance policies, such as builder’s risk, general liability, and workers’ comp
• Competence in reviewing title reports, identifying lien risks, and ensuring proper endorsements
• Skilled in identifying red flags in GC contracts, including scope clarity, schedules or draw requirements
• Strong knowledge of underwriting philosophy, techniques, national/local filing regulations and guidelines
• Ability to effectively assess risk
• Strong negotiation skills

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

About Axos
Born 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 Axos
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.
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

• Review all loan documentation submitted for initial underwriting decision, conditional approvals, and clear to close
• Evaluate credit history, income, assets and current liabilities for ability to repay
• Conduct careful risk analysis and exercise good judgment to determine if loans conform to applicable underwriting guidelines for sale on the secondary market
• Requires proficiency and in-depth knowledge of FNMA, FHLMC, HUD, and investor guidelines
• Review and respond to quality control and investor suspense items related to Credit for loan sale
• Assist Construction Risk department in reviewing construction budgets, including hard and soft cost breakdowns, contingency review, 3rd party analysis reports and LTC/LTV validation
• Review construction policy title reports and construction-related insurance policies
• Reconcile budget line items and ensuring existence of clear paper trail to support costs and disbursement