Whole Loan Credit Analyst (Associate / VP), Residential Credit

Annaly Capital Management Inc; Irving (TX); Hybrid; USD 60,000 - 100,000; Full time

Job summary

An established industry player is on the lookout for a Residential Whole Loan Credit Analyst to join their dynamic team in Irving, TX. This role offers a unique opportunity to leverage your expertise in whole loan underwriting and post-close review processes. You will collaborate with correspondent originators, ensuring efficient pipeline management while navigating complex loan scenarios. If you have a passion for the residential mortgage market and thrive under pressure, this position is perfect for you. Join a company that values diversity and is committed to equal employment opportunities, where your contributions will make a significant impact.

Qualifications

• 5+ years of experience in whole loan underwriting and post close review.
• Strong ability to manage multiple projects and communicate effectively.

Responsibilities

• Perform guideline reviews and report changes to the team.
• Main contact for originators to ensure timely loan reviews.
• Monitor market guidelines and recommend process enhancements.

Skills

Whole Loan Underwriting

Technical Writing

Post Close Review

Scenario Analysis

Communication Skills

Education

Bachelor's Degree

Job description

Annaly is seeking a Residential Whole Loan Credit Analyst (Associate / VP Level) with Non-QM experience and heavy focus on seller guideline reviews, technical writing and loan-level scenario knowledge. This candidate will be tasked with partnering with our correspondent originators to facilitate the efficient pipeline flow and management of the Onslow Bay correspondent channel.

The candidate will be a part of a team that is responsible for handling direct originator communications pertaining to exception / scenario requests, guideline clarifications, loan scenarios and general matters surrounding post close diligence.

The ideal candidate would have 5+ years of relevant credit experience in the residential mortgage whole loan market, preferably Non-QM underwriting. In addition, they should have the experience and ability to manage post close due diligence with TPRs, make credit decisions / help assist the Onslow Bay scenario desk, closely interact with our correspondent partners and monitor market underwriting guidelines.

• Perform originator guideline reviews and report to team members regarding changes and enhancements and how they fit or do not fit into the Onslow Bay process and or any defined outliers of that process
• Main point of contact in conjunction with sales coverage for specific originators to ensure the loans our correspondents lock and deliver are reviewed for post close diligence in a timely manner, issues or exceptions are understood and that loans are able to be cleared for funding are done so in a timely and efficient manner
• Review credit exception requests / scenarios with the ability to determine to accept or deny a request as well as placing conditions if applicable
• Monitor market guidelines and recommend enhancements to Onslow Bay's post-close process
• Ability to effectively communicate Onslow Bay underwriting guidelines regarding originator / LO training

Qualifications / Requirements

Basic Qualifications :

• 5+ years of experience in whole loan underwriting, collateral, funding and post close review process
• Bachelor's Degree required

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
• Must be willing to work in Dallas, TX (on-site three 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.

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Credit Analyst • Irving, TX, United States