LOAN PROCESSOR - Caribou

AROOSTOOK SAVINGS & LOAN ASSOCIATION

Are you looking for a rewarding career with excellent benefits? Are you adaptable, open to change, and ready for a new challenge?

Aroostook Savings & Loan is a growing, locally managed, FDIC-insured mutual financial institution headquartered in Caribou, Maine. We provide mortgage, auto, consumer, and commercial lending solutions to individuals and businesses throughout Aroostook County.

As our loan volume continues to grow, we are seeking a reliable, energetic, and detail-oriented individual to join our team as a full-time LOAN PROCESSOR at our Caribou Operations Center.

This newly created position will manage loan files from application through closing across multiple loan types. The Loan Processor will work closely with loan officers, underwriters, borrowers, and other parties to help ensure an accurate and efficient lending process.

This is an excellent opportunity for someone interested in beginning or advancing a career in banking and lending. Previous loan-processing experience is helpful but not required. We welcome motivated applicants who are organized, eager to learn, and committed to providing excellent service.

Key Responsibilities:

• Review and process loan applications for mortgage, auto, consumer, and commercial loans, ensuring accuracy and completeness
• Collect, verify, and organize borrower documentation (income, assets, credit history, collateral, etc.)
• Order and review supporting documents such as appraisals, titles, and employment/income verifications, as applicable to loan type
• Communicate professionally with borrowers, loan officers, and underwriters throughout the loan lifecycle
• Ensure compliance with applicable lending regulations, investor guidelines, and internal company policies
• Track and update loan files in the loan origination system (LOS), meeting all processing deadlines
• Prepare complete files for underwriting submission and promptly clear any outstanding conditions
• Coordinate with title companies, dealerships, or settlement agents to schedule closings or fundings, as needed

Qualifications:

• High school diploma or equivalent (GED) required
• Prior loan processing experience and familiarity with bank regulations including TRID is a plus, but not required — we welcome candidates ready to learn
• Strong attention to detail and organizational skills
• Excellent written and verbal communication skills
• Ability to manage multiple files and loan types simultaneously in a fast-paced environment
• Comfortable learning new software systems, including loan origination platforms (e.g., Encompass, Calyx, Byte, or similar)
• Basic computer proficiency (Microsoft Office, email, data entry)

Compensation and Benefits:

• Competitive salary: $19 – 23 (Commensurate with experience)
• Health, life, dental, and vision insurance
• Paid time off and holidays
• Tuition reimbursements
• 401(k) plan with company match
• Paid training and opportunities for growth
• Supportive, team-oriented work environment

How to Apply

If you are committed to working with a team of individuals dedicated to providing quality customer service, please send a letter of application, current résumé and a minimum of three references in confidence to:

Aroostook Savings and Loan

Attn: Mandy DeWitt, Loan Operations Manager
PO Box 808, Caribou, ME 04736

Application period closes September 30, 2026.

Aroostook Savings & Loan is an Equal Opportunity Employer. Member FDIC. Equal Housing Lender.

Learn more at www.YourHomeBank.com

Job Type: Full-time

Pay: $19.00 - $23.00 per hour

Benefits:

• 401(k)
• 401(k) matching
• Health insurance
• Paid time off

Work Location: In person