Non-Delegated Underwriter Vice President, Residential Credit
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 Underwriter Vice President with significant Non-QM experience to join the Residential Credit team in Dallas, TX (or Remote). This candidate will focus on our Non-Delegated mortgage channel, managing our vendors and communicating with our vast network of sellers. The ideal candidate will have 8+ 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
- 8+ years of relevant credit experience in Non-QM
- Bachelor’s Degree preferred
- Mortgage Loan Originator (MLO) license preferred
- Preference given to candidates that have a NY State MLO License
- 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
- Preference given to candidates with strong Condominium background
- Preference given to candidates able to work in Dallas, TX (on-site three (3) days)
- Remote work eligibility will be evaluated on a case-by-case basis
Responsibilities
- Serve as the primary liaison between Onslow Bay and third-party diligence providers
- Review diligence findings for completeness, accuracy, and consistency
- Resolve escalated conditions, credit exceptions, and guideline interpretation questions
- Perform manual underwriting reviews and render credit decisions on Non-QM loan products, including Bank Statement, DSCR, Asset Utilization, Full Documentation, P&L, Etc.
- Analyze borrower income, assets, credit, collateral and overall ability-to-repay
- Identify layered risk and provide appropriate mitigating factors and justification
- Issue final approval and Clear-to-Close decisions
- Prioritize and manage high-priority and rush loan requests
- Build strong relationships with sellers and provide excellent customer service and communication
- Thorough understanding of condominium complex reviews with the ability to review condo questionnaires, financials, inspections, and various non-warrantable features ultimately to ascertain the level of risk for purchase.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
