Axos Bank

Basic information

QM program

• Conventional

Loss payee

Axos Bank, ISAOA/ATIMA, P.O. Box 5804, Troy, MI 48007-5804

CPL or subordinate clause

N/A

Lock policies & fees

Lock policies

Lock extension

7 day ext. 0.125 15 day ext. 0.25 30 day ext. 0.5 Max of 2 extensions - Not to exceed original lock term. Max Lock Period (including extensions) is 60 days. Locks can be done through Optimal Blue or emailing the lock desk a manual lock form. Contact Info: lockdesk@Axosbank.com

Relock

Loans that go beyond 60 days are subject to worse case re-lock.

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Non-qm loans. Construction with the minimum loan amount over 1 million and up.

Allow  max lender credit $3,000 borrowers closing costs lender paid or BPC

Training Master_Resource.pdf

• Commercial Loans: Minimum Loan Amount of $750,000 with 50–65% LTV
• Residential Loans: Minimum Loan Amount of $500,000

Lender's overlays

Co-ops is for New York only. 

Axos Bank requires commercial properties to be located in an area with a minimum population of 100,000 residents and have a minimum loan amount of $750,000.

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

1

Initial CD (days)

1

Reviews