Residential Real Estate Mortgage Closing Manager

Northern Trust • Chicago, IL

1d • $83,100 - $141,300

About The Position

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.

Requirements

• 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).

Responsibilities

• 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

Benefits

• 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
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed