Onslow Bay Financial LLC, a wholly owned subsidiary of Annaly Capital Management, announced that it has gone live with the MeridianLink® Mortgage platform. The launch marks the first time Onslow Bay has integrated MeridianLink’s technology, enabling the company to streamline loan origination and distribution processes. The announcement was made on April 2, 2026.
The integration is a key milestone in Annaly’s broader strategy to diversify beyond Agency mortgage‑backed securities. By adopting MeridianLink’s platform, Onslow Bay can accelerate deal flow, improve underwriting efficiency, and expand its reach into new loan markets. The move also supports the company’s goal of capturing higher‑yield non‑Agency mortgage assets, a focus that has driven strong performance in recent quarters.
Annaly’s residential‑credit group has been building a proprietary origination engine, and the MeridianLink integration will augment that effort by providing a scalable, cloud‑based solution that reduces manual processing and shortens the loan‑to‑close cycle. The platform’s automation capabilities are expected to increase fee income and give Onslow Bay a pricing advantage in the competitive non‑Agency market.
The launch comes after Onslow Bay closed its 100th residential whole‑loan securitization in late 2025, a milestone that underscored the platform’s effectiveness. “Closing our 100th securitization is a testament to the strength and consistency of the Onslow Bay platform, which has become a preeminent leader in the Non‑Agency market,” said Mike Fania, Annaly’s Co‑Chief Investment Officer and Head of Residential Credit.
Annaly’s Q4 2025 earnings, which beat expectations with an EPS of $0.74 versus the consensus estimate of $0.72, highlighted the company’s operational strength. “Our portfolio generated an economic return of 8.6% for the fourth quarter, with all 3 businesses contributing solid returns. For the full year 2025, we've delivered an economic return of just over 20% and a total shareholder return of 40%, underscoring the strength and resilience of our diversified housing finance strategies,” said CEO David Finkelstein. The MeridianLink launch is part of the same strategic framework that has driven the company’s recent financial success.
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