Wholesale & Correspondent Portfolio Lending
Resources & Support
Access the information you need to close your next deal.
Need immediate support? Contact your Account Executive or call our team at 888-585-4869.
Forms
Bank Statement Program Forms
| NAME | ACTION |
|---|---|
| Bank Statement Business Narrative - Wholesale | Download |
| Bank Statement Business Narrative - Correspondent | Download |
| Bank Statement Questionnaire (Portfolio Only) | Download |
| Bank Statement Calculator – Portfolio | Download |
| Bank Statement Calculator – Expanded | Download |
| Bank Statement Calculator – Express | Download |
Minimum Documentation Checklists
Guidelines
Get real-time mortgage rates for your unique loan scenarios with Quick Pricer.
Appraisal
Axos
| NAME | ACTION |
|---|---|
| Reconsideration of Value (ROV) Request | Download |
Solidifi
| NAME | ACTION |
|---|---|
| Contacts | Download |
| Fee Schedule | Download |
| Company and Users Registration Form | Follow Link |
| US Values Ordering Guide | Download |
Frequently Asked Questions
You have questions, we’ve got answers! Here are answers to the questions our team often receives. Need immediate support? Give our team a call at 888-585-4869.
Can I be approved as both a Correspondent and Wholesale Lender?
Yes – a Correspondent customer can be approved for both channels, Wholesale and Correspondent.
Wholesale approval allows for both borrower paid and lender paid loan delivery.
Correspondent approval allows for both borrower and lender paid as well as prior approved Correspondent loan delivery.
Who is my Account Executive with Axos Bank?
Your Axos Bank Account Executive is generally assigned by geographic region. Feel free to reach us at (888) 585-4869 or [email protected] and we will identify the Account Executive that covers your account territory.
Do I perform a FNMA DU prior to submitting my loan?
For portfolio loans, no.
For Conventional and Expanded, AUS findings will be obtained by Axos.
What are the lender fees?
Our lender fees are as follows:
Portfolio $1695
Correspondents $1,395
Foreign National Due Diligence $250
Trust Review fee $300
Texas Doc Review (if applicable) $150
Privacy Mortgage (if applicable) $350
Please see our Wholesale or Correspondent rate sheet for additional items including Appraisal Desk Review, Field Review, and Redraw Loan Documents.
How do I upload a loan?
Click on the "Upload a Loan" tab and upload your loan file. Loan file must be a Fannie Mae 3.2, Mismo AUS v2 file, or an IHM file
How do I request a rate lock?
Please see our Rate Lock Procedure document for details on submitting a rate lock request.
What are the minimum requirements to submit a portfolio loan?
Please refer to the appropriate Minimum Documentation Checklist for your loan submission type.
Does Axos Bank pull a 4506T prior to funding a transaction?
Yes. A loan may be cancelled and/or terminated if the information varies from the original tax return. We may also pull a 4506-T after closing the loan to meet established company quality control standards.
When must my loan be funded based on my lock term?
Your loan must fund by the last day of your interest rate lock commitment. If it has not funded by this date, the loan will be subject to relocking and the costs associated with the additional extended lock days requested. Refer to Axos Rate Lock Policy.
How do I order an appraisal?
Brokers will need to order an appraisal from one of Axos Bank's approved vendor's appraisal management companies.
Does Axos Bank perform fraud guard checks on submitted loan files?
Yes. We use various industry-standard fraud checks to insure the integrity of every file. Any fraud found on loan files is taken very seriously. We may also document the fraud issues and report them to the appropriate industry authorities and data tracking mechanisms and/or the FBI’s fraud division.
Does Axos Bank require an HVCC compliant appraisal?
Yes. We require the appraisal to be ordered through one of our HVCC-compliant vendor's approved appraisal management companies.
How do I verify if my loan is a High Priced Portfolio Loan?
Visit the HPML-authorized site, FFIEC Rate spread calculator.
What is your security policy?
Security is a very high priority for us. For more information, we invite you to read Privacy & Security.
What is your privacy policy?
We may share your data as noted in our privacy statement.
Who sends the appraisal to the borrower?
We will forward a copy of the appraisal to the borrower.
Will I receive a notification when my appraisal is complete?
Yes, you will receive an email notification from the approved appraisal management company.
What is the address for the Closing Protection Letter?
Axos Bank, ISAOA/ATIMA, P.O. Box 5804, Troy, MI 48007-5804
What is the address for the Loss Payee / Mortgagee clause?
Axos Bank, ISAOA/ATIMA, P.O. Box 5804, Troy, MI 48007-5804
Where is the copy of our seller agreement?
Let’s Connect
We’d love to partner with you. Submit your information and we’ll be in touch.