Loan Servicing Specialist

Job Details

Alerus is a commercial wealth bank and national retirement provider with one core purpose: helping clients achieve their financial goals. We are driven by a shared commitment to always do the right thing; leading with integrity and providing valued advice and guidance to our clients. We value the expertise and skillsets each team member provides and encourage collaboration, innovation, adaptability, and an entrepreneurial spirit at all levels of our company.

By consistently seeking improvements and growth, we foster long‑term relationships with clients and team members. We are proud to be recognized as a Top Workplace by numerous industry and regional outlets.

The Loan Servicing Specialist is responsible for booking and servicing all types of loans, including commercial and consumer. This position will maintain knowledge on loan functions, regulatory requirements along with performing the due diligence needed to ensure complete and accurate system processing. This position will maintain a client focus to deliver a superior client experience.

• Responsible for the loan booking process to the core system, includes new, renewals, or extensions
• Ensure core system integrity by reviewing loans for accuracy post‑booking and various reports
• Support new and existing consumer and commercial loan processing including mortgage, lease, floor plan and purchased and sold participations
• Collaborate with consumer loan documentation and credit administration to ensure loan is booked accurately
• Process loan payments and fund disbursements via all payment channels
• Monitor inboxes and perform various loan maintenance, payoff quotes and reports
• Complete and maintain tracking items for, but not limited to, UCC Filings and continuations, lien perfection, insurance processing and filing of mortgages
• Responsible for paid loan processing, which includes lien releases and mortgage satisfactions
• Assist internal departments and external clients with loan servicing related processing inquiries
• Assist in identifying exceptions and collaborate with senior specialists or supervisor to resolve
• Create, update, and maintain written procedures in Alerus procedure (R&R) database
• Identify and implement process improvements that enhance the client experience and build scale

• Associate’s degree or equivalent combination of education and/or related experience in the financial industry
• High level of communication and client‑service skills
• Ability to manage high volume, time‑sensitive transactions and situations
• High level of commitment to accuracy and detail
• Ability to accept, support and implement continuous change

• Competitive compensation including base salary, bonus and/or incentive opportunities.
• Comprehensive benefits package providing a wide range of health and well‑being benefits, including medical, dental, vision, life and long‑term disability insurance; and 401(k) and ESOP for retirement savings.
• Generous paid time off programs such as flexible time off, company‑paid holidays, parental and bereavement leave.
• Learning and development resources for personal and professional career development, and advancement opportunities.
• Access to financial experts for guidance, financial wellness tools, and discounts on Alerus products and services.
• Support for the communities we live in through paid volunteer time and a company donation match opportunity.

Work is typically performed in an office setting. The employee is regularly required to sit for extended periods of time. The employee is occasionally required to move about the office utilizing proper ergonomic safeguards when doing so. Additionally, the employee must occasionally lift or move supplies and materials up to 20 pounds.

The above information in this description has been designed to indicate the general nature and level of work performed by employees in this position. It is not designed to contain or be interpreted as an exhaustive list of all responsibilities, duties, and qualifications required of employees assigned to this job.

Alerus is an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.