Non-Delegated Underwriter (Associate/VP), Residential Credit

Onslow Bay Financial • Dallas, TX

5d • Hybrid

About The Position

Annaly Capital Management, Inc. (“Annaly” or, together with its wholly-owned subsidiaries, the “Company”), is a publicly traded real estate investment trust (REIT) with investment strategies across mortgage finance. Its common stock is listed on the New York Stock Exchange under the symbol “NLY”. Annaly’s wholly-owned subsidiaries include several regulated and licensed entities, including Annaly Credit Opportunities Management LLC, an SEC registered investment adviser (“ACOM”), Arcola Securities, Inc., a FINRA member broker-dealer (“Arcola”) and, Onslow Bay Financial LLC, a mortgage aggregator and master servicer (“Onslow Bay”). The Company is headquartered in New York, NY with an additional office in the Dallas-Fort-Worth Metropolitan Area.

Annaly is seeking a Non-QM Mortgage Scenario Desk Underwriter (Associate/VP) with significant Non-QM experience to join the Non-Delegated mortgage channel and residential Credit team in Dallas, TX or Remote. This candidate will focus on Non-QM scenario desk efforts to engage with mortgage sellers on complex Non-QM questions, pre-flight exception reviews, guideline clarification as well as support underwriters with seller commutation.

The ideal candidate will have 4+ years of relevant credit experience in Non-QM underwriting and/or scenario desk experience. In addition, they should have the ability to make credit decisions/help assist the Onslow Bay contract underwriters, closely interact with our correspondent partners and monitor market underwriting guidelines.

Requirements

• 4+ years of relevant credit experience in Non-QM
• Bachelor’s Degree preferred
• Mortgage Loan Originator (MLO) license preferred
• Ability to manage multiple projects at a time and prioritize accordingly
• Ability to effectively communicate, both written and verbally, with Senior Management regarding the progress and results of projects and initiatives
• Ability to underwrite Non-QM and Non-Agency loan products, including but not limited to Bank Statement Income Analysis, Asset Depletion, P&L, DSCR, Foreign National and Self-Employment
• Ability to work effectively under time constraints
• Must be willing to submit to a background investigation
• Must have unrestricted work authorization to work in the United States
• Must be willing to work additional hours as needed to complete deadline driven projects

Responsibilities

• Support scenario desk with guideline questions or structuring by reviewing and analyzing borrower profiles, credit reports, title reports, income documentation and assets, appraisals, and complex income analysis to ensure it meets guidelines
• Support contract underwriters with guideline interpretation and seller communication as it relates to conditions and acceptable documentation
• Provide regular performance updates to the Director of Operations, including seller performance metrics, ongoing credit training support, and issue escalations
• Build strong relationships with sellers and provide excellent customer service and communication

What This Job Offers

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