Residential Whole Loan Collateral Specialist, Associate, Mortgage Operations

About This Role

Annaly is seeking a Whole Loan Residential Collateral Specialist who will be responsible for coordinating whole loan custody and carrying out various post close operations such as reviewing collateral documents with our custodian and working with our origination partners to obtain trailing documents.

The Residential Credit Whole Loan Collateral Specialist will review custodial reports for exceptions prior to settlement, communicate with originators on a daily basis and report exceptions to Trading Desk.

Additionally, the candidate will be primarily responsible for working with vendors to ensure loans are assigned to Onslow Bay in a timely manner and providing reporting on the status of pre-settlement and trailing documents to management.  

The ideal candidate would have 2+ years of experience in the residential mortgage whole loan space. Candidates should have an understanding of residential whole loan collateral and mortgage documents as well as an understanding of the lifecycle of a loan. This includes CEMA documents and co-op documents in addition to the standard mortgage documents.

Essential Responsibilities   

• Review custodial exception reports and identify any material and/or fatal exceptions


• Ensure loan level trades contain the necessary collateral to be cleared for settlement


• Coordinate the creation of Assignments of Mortgage and facilitate the recordation with servicers and other applicable vendors


• Perform weekly collateral reconciliation, work with sellers to obtain trailing documents and assist vendors in curative work


• Communicate clearly with our originator network to rectify outstanding exceptions


• Provide detailed updates to the originator network in a timely manner

Qualifications/Requirements

Basic Qualifications:

• 2+ years of experience in whole loan collateral and custody.


• Knowledgeable in the creation and recording of Assignment of Mortgages and Mortgage related documents


• Bachelor’s Degree 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 identify material defects and troubleshoot accordingly


• Ability to work effectively under time constraints and in a fast-paced environment

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 four days a week.

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.

To learn more about Annaly Capital Management, Inc. please visit https://www.annaly.com | LinkedIn: www.linkedin.com/company/annaly-capital-management

To learn more about and Onslow Bay Financial, Inc., please visit https://www.onslowbayfinancial.com | LinkedIn: www.linkedin.com/company/onslow-bay-financial