National City Mortgage is a growing company on the move. We have worked hard since 1955 to become a respected, professional company that thousands of homeowners trust for one of the biggest financial decisions in their lives.
Over the years, we've been through several acquisitions and name changes. But, we've emerged as a mortgage banking leader due to our dedicated employees.
In 1989, we were acquired by National City Corporation - our current parent company. Since then National City Corporation has made a commitment to help us grow and develop a strong, well-placed network of offices. This includes the retail and wholesale acquisitions of Gem Mortgage Corporation, Merchants National Bank, Integra Mortgage Company, Commonwealth United Mortgage, FNMC-The Mortgage Company, Eastern Mortgage Services, First of America, AccuBanc Mortgage, and Muirfield Mortgage. To view a snapshot of our current operations, click on the National City Mortgage Family House (located in the upper right-hand corner).
National City Mortgage is a unique mortgage lender with the financial strength and stability that make us the 9th largest mortgage originator in the nation. This ranking was earned in fiscal year 2003 when we funded over $105 billion.
We specialize in originating residential mortgage loans through our retail, wholesale and telemarketing channels. We are a full-service mortgage company that originates, acquires, markets and services those loans.
Loan Servicing:
Our servicing portfolio is over $156 billion representing 1,122,461 mortgage loans, as of December 31, 2003.
Locations:
We have 300 lending offices in 37 States from coast to coast. We also service the remaining continental U.S. through our direct-to-consumer telephone and Internet Preferred Lending Centers in Miamisburg, Ohio and Santa Rosa, California. In addition, our Wholesale Lending operation, also headquartered in Miamisburg, serves nearly all of the continental U.S. Our Correspondent Lending operation is headquartered in Pittsburgh, PA. Our vast network of offices puts us in your backyard, so you can count on our professionals to know your market.
Executive Team:
Please click here to view a list of our Executive Management Team and their areas of responsibility.
National City Mortgage is a full-service mortgage banking company dedicated to delivering quality service to our customers, developing and retaining highly qualified personnel while generating optimum growth and profit to our shareholders.
National City Corporation is an equal employment opportunity employer. It is the policy of National City Mortgage to afford equal employment opportunity and to recruit, hire, train and promote individuals in all job titles regardless of race, color, religion, sex, national origin or ancestry, sexual orientation, age, disability, or covered veteran status, or other factors identified and protected by federal, state and local laws.
National City Mortgage does not discriminate in any decision affecting employment or conditions of employment against any employee or applicant for employment because of any of these factors. All employment decisions are based on the principle of equal employment opportunity.
Flex
Many of National City's benefits are available through Flex, our pre-tax flexible benefits plan. Paying for benefits with pre-tax dollars reduces taxable income and lowers tax payments. By offering several plans and levels of coverage, employees can tailor benefit elections to meet their needs. Plans available are based on an employee's eligibility.
Health Benefits
Several medical and dental plan options are available for employees and their dependents that offer a range of coverage. A portion of the coverage is subsidized by National City.
Reimbursement Account Plans
Employees may contribute to the Plans on a pre-tax basis and receive reimbursement for medical, dental, and dependent care expenses.
Voluntary Eye Care Coverage
The Eye Care Plan covers periodic eye exams and discounts on prescription eyewear.
Group Life and Accidental Death & Dismemberment (AD&D) Insurance
Newly hired full-time employees are covered at two times their eligible pay at no cost, to a maximum of $3 million for life insurance and $250,000 for AD&D coverage. Newly hired regular part-time employees are covered at $10,000 (no cost) for both life insurance and AD&D coverage. Employees may also elect to purchase additional life and AD&D insurance coverage.
Voluntary Personal Accident Insurance
Employees can purchase this coverage for themselves and their dependents.
Dependent Life Insurance
Employees can purchase this coverage for their dependents.
Short-term Disability
Full-time employees are eligible for salary continuation for short-term disabilities following 90 days of service. Coverage increases as service time increases.
Long-term Disability
After one year of employment, full-time employees are covered at 60 percent of eligible pay at no cost. Other options are available during the annual Flex enrollment period.
401(k)
National City provides a 401(k) plan which allows pre-tax contributions up to 20 percent of combined cash compensation (generally, base pay and up to $75,000 of certain additional pay), subject to IRS limits. Eligible employees also receive matching employer contributions of $1.15 for every $1.00 contributed up to 6 percent of pay. Eligible employees can contribute to National City's plan, on an unmatched basis, effective the first of the month after 30 days of employment and attainment of age 21. National City will begin making matching contributions on the first of the month following one year of service. Employees may also be eligible to rollover funds from a former employer's qualified retirement plan.
Pension
To help employees enjoy the years that follow a rewarding career, National City offers a Non-Contributory Retirement Plan. Eligible employees participate in the plan after completing 1000 hours of service in the 12-month period that starts on date of hire (employees must be age 21). Employees are vested after five years of service. This benefit is provided at no cost to employees.
Other programs
Time Away From Work
In most locations, National City offers 10 paid holidays in addition to paid vacation days. Employees hired in the first quarter of the year are eligible for one week of vacation with pay after six months of service and two weeks of vacation the following calendar year.
If you are hired after the first quarter of the year, you will be eligible for two weeks of vacation in the next calendar year after nine months of service.
Educational Assistance
Full-time and part-time employees may receive assistance to help cover the expense of continuing education (including some graduate school expenses).
Employee Stock Purchase Plan
Employees have an opportunity to purchase shares of National City common stock through the Employee Stock Purchase Plan.
Employee Discounts on Select Products and Financial Services
National City also offers employees service charge-free checking accounts, including personalized checks, automatic payroll deposit, reduced finance charges/no annual fee on National City MasterCard or Visa accounts, free traveler's checks and reduced interest rates on installment loans and fees on installment and mortgage loans.
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