Alerus adds Paul Schuster as Mortgage Director

MINNEAPOLIS (March 30, 2023) – Alerus is pleased to announce Paul Schuster has joined Alerus as senior vice president and director of mortgage. In this role, Schuster leads Alerus’ mortgage division and oversees the team’s commitment to deliver a high-quality client experience through expert guidance built on trust and collaboration. He is based in Alerus’ Minnetonka, Minnesota office.

With over 30 years of experience in both independent and bank settings, Schuster is a seasoned mortgage leader with an extensive understanding of all areas of the lending process. Before joining Alerus, he served as the divisional vice president of Luminate Home Loans. He previously served as a regional manager for TCF Home Loans/Huntington National Bank. In 2021, he received the lifetime achievement award from the Minnesota Mortgage Association.  He holds a bachelor’s degree from St. Cloud State University in Minnesota.

About Alerus

Alerus (Alerus Financial, N.A.) is a diversified financial services company that provides innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments — banking, retirement and benefit services, wealth management, and mortgage. These solutions are delivered through a relationship-oriented primary point of contact along with responsive and client-friendly technology.

Alerus has banking, mortgage, and wealth management offices in Grand Forks and Fargo, North Dakota, the Minneapolis-St. Paul, Minnesota metropolitan area, and Phoenix, Scottsdale, and Mesa Arizona. Alerus Retirement and Benefits plan administration hubs are located in Minnesota, Michigan, and Colorado.