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

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 additional offices in the Dallas-Fort-Worth Metropolitan Area and Toronto.

Role Summary/Purpose

Annaly is seeking a Non-Delegated Underwriter (VP/Director) with significant Non-QM experience.  This candidate will also be tasked to assist in the implementation of a new correspondent channel.  In addition to having a strong underwriting background along with in-depth knowledge of mortgage products and regulatory compliance, the candidate would play a key role in building an impeccable process. 

The ideal candidate will have 8 years of relevant credit experience in the residential mortgage whole loan market, preferably Non-QM underwriting.  In addition, they should have the ability to make credit decisions/help assist the Onslow Bay scenario desk, closely interact with our correspondent partners and monitor market underwriting guidelines.

Essential Responsibilities    

• Main point of contact for newly formed origination channel
• Review work of junior underwriters, processors, fulfillment agents and confirm credit decisions
• Training support for Non-Delegated Correspondents in utilizing a new channel
• Assist in the build out a client support team to ensure that clients needs are being met in a timely manner
• Understand the multiple pieces involved in the entire ecosystem and be able to escalate accordingly

• Monitor market guidelines and recommend enhancements to Onslow Bay’s guideline set
• Ability to effectively communicate Onslow Bay underwriting guidelines

Qualifications/Requirements

Basic Qualifications:

• 8 years of experience in whole loan underwriting, collateral, funding and post close review process
• Previous team lead or supervisor experience
• Bachelor’s Degree required
• Mortgage Loan Originator (MLO) license preferred

Desired Characteristics:

• 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 work effectively under time constraints

Eligibility Requirements:

• 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
• Preference given to candidates able to work in Dallas, TX (on-site 3 days)

Annaly is committed to equal employment opportunity and providing reasonable accommodations to qualified candidates and employees pursuant to applicable law.  We value and encourage diversity and solicit applications from all qualified applicants without regard to race, color, gender, sex, age, religion, creed, national origin, ancestry, citizenship, marital status, sexual orientation, physical or mental disability, medical condition, military and veteran status, gender identity or expression, genetic information, or any other characteristic protected by federal, state, or local law. If you require reasonable accommodation as part of the application process, please contact our Human Resources department.