Description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world's most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.

Responsible for managing the Residential First Mortgage and Equity Credit line Closing and Post Closing Teams within the National Mortgage Center. This group is responsible for coordinating and scheduling RRE loan closings with Settlement agents, preparing Loan Closing documentation, funding the loan, boarding the loan to our loan servicing system and performing Post Closing review of the loan closings. Managing activities would include interaction with client's attorney, realtors, and title or settlement agents in addressing closing situations/issues. The position will be responsible for the managing of the daily overview of the Closer's Pipelines, managing the Closing Calendar, assigning duties and improving processes and workflows with the Closing and Post Closing Teams. The position also is responsible with adhering to banks policies related to General Ledger balancing for funding of loans and balancing of the loan transactions to bank's RIMS policy. Manage the Rate Modification Program making sure Rate Modification request are coordinated and sent out in timely manner and boarded to loan servicing system accurately and timely.

Major Duties:

Manage the adherence to Policies and Procedures of the Closing Team

Manage the Closing Pipeline and Closing calendar within established service level agreements

Address Closing related concerns with Bankers, Realtors, Attorney, Title Company, Settlement agents.

Manage the coordination Balancing of loan boarding to loan servicing system along with balancing of the funding of the loan to the banks General Ledger System

Manage the Post Closing process identifying any deficiencies created during the closing and providing reporting and followup process to address and satisfy deficiencies within defined timeframes.

Adhere to Compliance Risk Assessment and Banking Risk Assessment IDs specific to Closing and Post Closing team, as well as overall National Mortgage Center

Work with Loan Operations team to make sure loan boarding interface process adheres to required service level requirements and work with their team to enhance interface details as needed

Salary Range:
$83,100 - 141,300 USD

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Work Authorization

Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future. Northern Trust will not sponsor applicants for U.S. work visa status for this opportunity (no sponsorship is available for H-1B, L-1, TN, O-1, E-3, H-1B1, F-1, J-1, OPT, CPT or any other employment-based visa).

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust's history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com , or alternatively you can discuss your individual requirements with the recruiter you are working with.