Residential Real Estate Mortgage Closing Manager

About the role

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.

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

Requirements

Major Duties include:

• 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

Qualifications

The ideal candidate will have:

• Experience in mortgage operations and loan servicing
• Strong organizational and project management skills
• Excellent communication and interpersonal skills
• Ability to manage multiple tasks and priorities simultaneously
• Proficiency in Microsoft Office Suite

Skills

Skills required for this role include:

• Knowledge of mortgage industry regulations and compliance standards
• Strong attention to detail and accuracy in data entry and document preparation
• Ability to work independently and as part of a team
• Strong problem-solving and decision-making abilities

Benefits

At Northern Trust, we offer 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
• Other voluntary and well-being benefits
• A discretionary bonus program that may include an equity component

Pay

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

Schedule

Northern Trust offers a flexible schedule to accommodate the needs of our employees.