JOB DETAILS
Real Estate Loan Processor
CompanyDeerwood Bank
LocationSaint Michael
Work ModeOn Site
PostedNovember 4, 2026
About The Company
Deerwood Bank has been a partner in Northern Minnesota's progress since 1910. We have helped businesses grow and prosper for over 100 years by providing superior services to our customers.
Our staff of experienced professionals will respond to your financial needs in a timely and effective manner. Our goal is to help you reach your goals.
We are committed to providing the best in financial products and services, and will search for creative solutions to your needs. Our flexibility and responsiveness to your requests allow us to tailor our services to meet your unique needs and to provide you with the best banking services available.
We want to be your bank. Give us the opportunity to make you one of our valued customers.
About the Role
Deerwood Bank is a growing, privately-owned, community bank with 14 locations in Minnesota. We are hiring a Real Estate Loan Processor to work in one of our following branches: Mendota Heights, Sartell, Waite Park, Deerwood, or St. Michael. This position is responsible for timely and independent processing of real estate loan files; precise data entry of customer information; and daily collaborations with Loan Officers, Loan Coordinators, Underwriters, Loan Funders and Servicing Team. This role demands extreme attention to detail with outstanding quality, excellent customer service, and adherence to all bank policies and procedures.
Functions, Duties and Responsibilities:
- Review and process loan documents, including FNMA (Fannie Mae) guidelines, contracts and disclosures to ensure accuracy and compliance with TILA regulations.
- Handle loan origination tasks such as inputting data into mortgage systems, verifying borrower information and preparing necessary documentation for underwriting.
- Collaborate with underwriters and loan officers to facilitate smooth processing workflows.
- Monitor the timing of the delivery of disclosures to ensure they are delivered within appropriate timeframes based on the method of delivery for all types of mortgage lending products based on the regulatory timing requirements and customer expectations.
- Ensure disclosures are compliant and accurate.
- Monitor rate lock and closing dates.
- Validate the compliance of change in circumstance scenarios and re-disclosures as well as review the calculated fees for each change in circumstance scenario.
- Ensure all transactions comply with federal regulations such as TILA and applicable banking standards while maintaining meticulous records for audit purposes.
- Adhere to HMDA regulations.
- Must stay current on all applicable product guidelines, processes, government regulations, and industry compliance best practices.
- Must build and maintain positive relationships with all customers, potential customers, co-workers, and investors.
- Meet crucial deadlines requested.
- Willingly perform all other duties and projects as assigned as well as providing back up to other positions within the Mortgage Department.
- Strong organizational skills with attention to detail to ensure error-free transactions handling.
- Help clearing conditions quickly and pro-actively to move file forward to closing.
Regulatory Compliance Requirements:
- Incumbent will be responsible for meeting the requirements for all statutes/regulations pertaining to or governing their position. These include TRID, HMDA, ECOA, Fair Housing and Fair Lending, among others.
Knowledge, Skills and Abilities:
- 2+ years of mortgage experience in a high-volume fast-paced environment required.
- Provide excellent customer service and work in a team environment.
- Ability to prioritize and make ‘on-the-spot’ decisions that impact the customer, weighing customer satisfaction with exposure to loss or fraud.
- In-depth knowledge of mortgage process.
- Effectively operate all office equipment required to support this position. To include but not limited to personal computer, strong keyboarding skills, fax, scanner/copier, printer, phone system, all applications, spreadsheets, database, and presentation software necessary.
- Strong interpersonal skills, attention to detail and positive attitude.
- Excellent oral and written communication skills.
- Display independent judgement.
- Demonstrate excellent organization, prioritize workflow, adaptability, and flexibility.
- Ability to work in a fast-paced environment, be a quick thinker and learner while maintaining a high degree of accuracy.
Work Schedule: Monday - Friday 8:00am - 5:00pm, with some flexibility on start or stop times.
Hiring Pay Rate: $25.00 - $30.00 per hour, depending on qualifications.
Benefits are available to employees working 30 or more hours per week on the first of the month following date of hire.
- Medical insurance, including virtual telemedicine and mental health counseling
- Health Savings Account
- Flexible Spending Account (health, limited purpose health, and dependent care)
- Dental insurance
- Vision insurance
- Life insurance (basic and voluntary)
- Short-term disability insurance
- Long-term disability insurance
- Adoption Assistance Program
- Employee Assistance Program
- PTO
- Paid Volunteer Time Off
- Paid holidays
- 401(k) with company match (eligible on the first of the month following 2 months of employment)
- Financial wellness education
- Free or reduced fees for banking products and services
- Employee Referral Bonus
Key Skills
Loan processingData entryMortgage lendingRegulatory complianceTILAHMDATRIDCustomer serviceAttention to detailOrganizational skillsCommunication skillsInterpersonal skillsDecision makingUnderwriting collaborationLoan origination
Categories
Finance & AccountingAdministrativeCustomer Service & Support
Benefits
Medical insuranceVirtual telemedicineMental health counselingHealth Savings AccountFlexible Spending AccountDental insuranceVision insuranceLife insuranceShort-term disability insuranceLong-term disability insuranceAdoption Assistance ProgramEmployee Assistance ProgramPTOPaid Volunteer Time OffPaid holidays401(k) with company matchFinancial wellness educationFree or reduced fees for banking products and servicesEmployee Referral Bonus
Job Information
📋Core Responsibilities
The Real Estate Loan Processor is responsible for the independent processing of real estate loan files, including data entry and document preparation. They must collaborate with underwriters and loan officers while ensuring compliance with federal regulations and bank policies.
📋Job Type
full time
💰Salary Range
$25 - $30
📊Experience Level
2-5
💼Company Size
167
📊Visa Sponsorship
No
💼Language
English
🏢Working Hours
40 hours
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