About the role#
This internship provides hands-on experience within the Mortgage Partnership Finance (MPF) department. You will work on projects related to mortgage servicing operations and portfolio management, gaining exposure to loan accounting, investor reporting, and servicer oversight. This is a paid, part-time position based in Chicago for Summer 2027.
What you'll do#
- Contribute to project-based initiatives supporting mortgage servicing and portfolio management.
- Analyze current processes to improve efficiency, accuracy, and internal controls.
- Develop, track, and report on operational metrics and portfolio data.
- Document procedures, business requirements, and project outcomes.
- Collaborate with MPF teams and business partners on cross-functional projects.
- Prepare summaries and presentations for stakeholders.
- Explore ways to use AI and automation to streamline workflows.
What you'll need#
- Junior status or higher at an accredited four-year institution.
- A minimum 3.0 GPA and good academic standing.
- Pursuing a degree in Finance, Accounting, or Business Administration.
- An interest in learning about mortgage operations and the mortgage lifecycle.
- A willingness to work directly with MPF operations teams.
- Experience with data for metrics or process improvement, such as Lean Six Sigma, is highly desirable.
Location & details#
- Location: Chicago, Illinois.
- Work modality: On-site.
- Term: Summer 2027.
- Employment type: Part-time.
- Sponsorship: Not available for this role.
About Federal Home Loan Bank of Chicago
The Federal Home Loan Bank of Chicago provides funding to member institutions in Illinois and Wisconsin. Founded in 1932, the organization supports community investment and provides access to the secondary mortgage market. It operates as a privately held entity based in Chicago. The staff size ranges from 201 to 500 employees.
How to get in at Federal Home Loan Bank of Chicago
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