Experienced Loan Processor

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. This is a full-time, in-office position located at our Main Branch, in Park Rapids, MN.

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.

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.

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.

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.

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.

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…