At Northwoods Bank of Minnesota, we're more than a financial institution, we're a locally owned community bank built on relationships, trust, and a commitment to the communities we serve. For more than a century, we've been helping our neighbors, businesses, and families achieve their financial goals. We are looking for an experienced Loan Processor to join our Lending Department. This is an important role within our lending team, responsible for ensuring loans are processed accurately, efficiently, and in accordance with bank policies and regulatory requirements. If you have strong lending knowledge, exceptional attention to detail, and the ability to manage loan files independently while providing excellent service to customers and lenders, we'd love to hear from you. Why Northwoods Bank of Minnesota? Locally Owned & Community Focused

• Be part of a bank where relationships with our customers and communities truly matter. Experienced & Collaborative Team
• Work alongside knowledgeable lenders and banking professionals who value teamwork and accountability. Meaningful Work
• Play an essential role in helping individuals and businesses successfully navigate the lending process. Professional Growth
• Continue developing your lending expertise while expanding your knowledge of bank operations and regulations. Competitive Compensation & Benefits
• We offer competitive pay, a comprehensive benefits package, work-life balance, and a genuine family atmosphere.

What You'll Be Doing As an Experienced Loan Processor, you will manage the loan processing function from approval through closing and post-closing, ensuring loan files are complete, accurate, compliant, and ready to close. Loan Processing & Documentation Process consumer, residential, and/or commercial loan requests from approval through closing and post-closing, as applicable. Prepare, review, and coordinate loan documentation accurately and efficiently. Review loan files for completeness, accuracy, and compliance with bank policies and applicable regulations. Coordinate with lenders, customers, title companies, insurance agencies, and other third parties to obtain required documentation and information. Conduct thorough pre-closing reviews and identify and resolve discrepancies or missing documentation. Ensure loan terms, documentation, system information, and supporting documents are consistent and accurate. Coordinate loan closings and ensure all required documents and conditions are satisfied prior to funding. Process loan advances, payments, payoffs, rate changes, and other loan servicing transactions. Complete required post-closing procedures, including obtaining final title work, recorded documents, insurance documentation, and other required items. Maintain accurate and organized electronic and physical loan files. Loan Servicing & Administration Process and maintain loan records throughout the life of the loan. Monitor and follow up on outstanding documentation, exceptions, and post-closing requirements. Prepare and distribute required loan notices and correspondence. Review and resolve loan servicing discrepancies and make appropriate corrections. Balance loan accounts and research and resolve discrepancies. Assist lenders and customers with questions regarding loan documentation, payments, account information, and loan servicing. Maintain confidentiality and safeguard sensitive customer and financial information. Compliance & Risk Management Ensure loan processing activities are completed in accordance with bank policies, procedures, and applicable federal and state regulations. Maintain a strong understanding of lending documentation and regulatory requirements applicable to loan processing. Identify potential documentation, compliance, or processing issues and escalate concerns appropriately. Assist with audits, examinations, and internal reviews as requested. Team & Bank Support Serve as a knowledgeable resource to lenders and other lending staff regarding loan processing and documentation. Communicate proactively with team members to keep loans moving efficiently and avoid closing delays. Assist with process improvements and identify opportunities to increase efficiency and reduce errors. Participate in bank-wide activities and initiatives as needed. What We're Looking For We're looking for an experienced lending professional who can step into the role with confidence and take ownership of the loan processing function.

The ideal candidate will have:

High school diploma or equivalent required; additional education in banking, finance, or a related field is a plus. 3+ years of loan processing, loan administration, or related lending experience preferred. Demonstrated knowledge of loan documentation, processing procedures, and lending practices. Strong understanding of loan compliance and regulatory requirements. Exceptional attention to detail and accuracy, particularly when working with financial and legal documents. Ability to independently manage multiple loan files and competing priorities while meeting deadlines. Strong organizational and time-management skills. Excellent written and verbal communication skills. Strong problem-solving and critical-thinking skills with the ability to identify and resolve issues before they become problems. Ability to work effectively with lenders, customers, title companies, insurance agencies, and other outside parties. Proficiency with computer systems, Microsoft Office, and banking software. A high level of professionalism, confidentiality, dependability, and accountability. A commitment to providing exceptional service to both customers and internal lending partners. How We Measure Success Success in this position means taking ownership of the loan process and helping our lending team deliver an excellent experience for our customers.

Performance will be measured by:

Processing Accuracy

• Loan files and documentation are complete, accurate, and compliant. Efficiency & Timeliness
• Loans move through the processing and closing process efficiently and deadlines are consistently met. File Quality
• Documentation and loan records are well-organized, complete, and audit-ready. Problem Solving
• Potential issues are identified early and resolved proactively. Customer Service
• Customers and lending partners receive responsive, professional, and knowledgeable service. Teamwork & Communication
• Communicates effectively and serves as a reliable resource to the lending team.

Compensation Competitive compensation based on relevant experience, qualifications, and lending expertise. Starting at $23/hr++ Ready to Join Us? If you're an experienced loan processor looking for an opportunity where your knowledge and attention to detail are valued, and where you can make a meaningful impact on both the lending team and our customers, we'd love to hear from you! Northwoods Bank of Minnesota was chartered more than a century ago in the small town of Dorset, Minnesota. Throughout our history, the bank has successfully navigated economic challenges, periods of significant growth, a charter relocation and name change, and the Great Recession. Through it all, we have continued to grow while remaining locally owned and operated. Today, we are proud to continue that tradition as an independent community bank serving our customers and communities across northern Minnesota. Northwoods Bank of Minnesota is an equal opportunity and veteran-friendly employer. We encourage qualified women, minorities, individuals with disabilities, and veterans to apply.

Pay:

$23.00

• $25.

00 per hour Expected hours: 40.0 per week

Benefits:

401(k) 401(k) matching Dental insurance Employee assistance program Health insurance Health savings account Life insurance Paid time off Professional development assistance Vision insurance

Work Location:

In person