Applications / Mortgage Analytics / Lenders / Illinois / The Northern Trust Company
Chicago, IL · State member bank · FRS · $176 billion assets · 289 loans in 2025
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289
loans originated, 2025
338
applications, 2025
38
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
The Northern Trust Company is a lender of very large mortgages: its typical loan in 2025 was $1.0 million, and more than half its loans were jumbo.
Similar banks, meaning state member banks making between half and twice as many loans, made a typical loan of $195,000; the bank's was larger than at any of them. Jumbo loans (larger than the conforming limit) made up 53.4% of its lending, against 1.7% at its peers. Purchases were 50.9% of its loans, and other purposes 26.6%.
Only 6.3% of its loans went to low- and moderate-income (LMI) borrowers, against 28.0% at similar banks, and 4.2% to LMI neighborhoods, against 16.6%. Both are among the lowest of its peers. The loan sizes offer a plausible reason: few LMI households take out million-dollar mortgages. Its share of loans in majority-minority neighborhoods, 11.4%, was higher than the 5.9% at a typical similar bank.
It lends in 38 states and 85 metros, and its main state is Florida, not Illinois. It ranked 80 of 902 lenders in Chicago and 81 of 937 in Miami. In Naples, where it ranked 34 of 595, its share of the market's lending rose to 0.7% from 0.5%.
Its loans rose 45% in 2025, to 289, faster growth than nearly nine in ten similar banks. That recovers only part of a long fall: it made 910 loans in 2020, 661 in 2022 and 199 in 2024.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. The Northern Trust Company took 338 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 50.9% · Other 26.6% · Refinance 22.1% · Home improvement 0.3%
Conventional 100.0% · of 289 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Florida | 55 | 19.0% |
| Illinois | 43 | 14.9% |
| California | 35 | 12.1% |
| Texas | 20 | 6.9% |
| Colorado | 17 | 5.9% |
| Wisconsin | 14 | 4.8% |
| Georgia | 8 | 2.8% |
| New Jersey | 7 | 2.4% |
| Utah | 6 | 2.1% |
| Washington | 6 | 2.1% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Chicago-Naperville-Schaumburg | 37 |
| Miami-Miami Beach-Kendall | 19 |
| Dallas-Plano-Irving | 9 |
| Los Angeles-Long Beach-Glendale | 9 |
| West Palm Beach-Boca Raton-Delray Beach | 9 |
| Houston-Pasadena-The Woodlands | 8 |
| Anaheim-Santa Ana-Irvine | 6 |
| Milwaukee-Waukesha | 6 |
| San Francisco-San Mateo-Redwood City | 6 |
| New York-Jersey City-White Plains | 5 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 6PTKHDJ8HDUF78PFWH30 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 210434 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 2210434 | 1990–2010 |
| Respondent ID (the HMDA filer code before 2018) | 9210434 | 2011–2017 |
Established 1 January 1889. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: The Northern Trust Company's data.
The Northern Trust Company's data
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The Northern Trust Company and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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