Lending Support Associate

Northeast Bank • Minneapolis, MN

2d • Hybrid

About The Position

We're not just your average bank – we're a tight-knit, family-owned community bank with a passion for making a real impact in the neighborhoods we call home. Our mission? Simple but impactful: to strengthen communities, one meaningful connection at a time.
At the heart of Northeast Bank is our incredible team – a community within a community. We're not just colleagues; we're like family, always ready to support each other, our neighbors, local businesses, and non-profits. In fact, we go the extra mile to foster strong bonds with our clients, aiming to be more than just a bank but a trusted partner in their journey.
If you're someone who thrives on making a positive difference in people's lives, Northeast Bank is the place for you! Join us, and let's build strong communities together.

POSITION SUMMARY: Assists commercial lenders in all aspects of managing their new loans and existing portfolios including prospect marketing assistance, preparation for loan closings and post-closing credit monitoring and tracking.

Requirements

• Bachelor’s degree, with emphasis in Business Administration, Accounting, Finance, Economics, or other related field; or 2-year Associates Degree with a minimum of 2 years of other work-related experience; or 4-years of banking related work experience.
• Minimum 2 years in banking (background in loan documentation useful)
• Effective verbal and written communication skills
• Ability to deliver a high level of responsiveness to other staff and customers.
• Ability to multi-task and organize priorities.
• High computer literacy including Word, Excel, and Outlook
• Maintains confidentiality
• Flexible
• Maintain high level of focus and accuracy
• Ability to work at a fast pace with accuracy

Responsibilities

• Works directly with the borrower to obtain additional information at the direction of the lender.
• Assists lender in managing maturity list to ensure credits are renewed in a timely manner.
• Supports the lenders and credit analysts in prioritizing and preparing loan committee credit presentations on new, renewing, and existing relationships that require committee approval.
• Works with lender and credit department to analyzes the need for lien searches, flood certifications, environmental reports, appraisals, and credit bureaus and assists with direct resolution of outstanding items.
• Determines provider, price and reviews title work with the assistance/guidance of lender.
• Prepare requests for loan documentation and work to clear any pre-closing exceptions.
• Reviews loan documentation for accuracy.
• Coordinates closing instructions with the Title Company and other parties as needed.
• May attend closings if needed.
• Prepares needed documentation for the booking and funding of the loans including reconciling and documentation of all funding requests.
• Monitors and takes action on any delinquencies and overdrafts with lender direction.
• Review and clear outstanding file exceptions.
• Maintain strong contact with customers requesting information, sales call, cross selling products based on their banking needs.

Benefits

• Competitive benefits package including: comprehensive health insurance, dental coverage, 401(k) with company matching, quarterly and annually incentive opportunities, ESOP Plan, paid time off (PTO), paid holidays, flexible work arrangements, professional development opportunities, and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 11-50 employees