Paul Schuster
Director of Mortgage
As director of mortgage, Paul 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, Paul is a seasoned mortgage leader with an extensive understanding of all areas of the mortgage lending process. Before joining Alerus, Paul served as the divisional vice president of Luminate Home Loans. He previously served as a regional manager for TCF Home Loans/Huntington National Bank and in 2021 received the lifetime achievement award from the Minnesota Mortgage Association. He holds a bachelor’s degree from St. Cloud State University in Minnesota.
In his free time, Paul enjoys sports and outdoor activities, particularly fishing, boating, hunting, and hiking near his family’s vacation home in Ely, Minnesota. He and his wife, Randa, live in Deephaven, Minnesota with their daughter and son.