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Community Development Banking Jobs in Minnesota (NOW HIRING)

Old National Bank

Banking Center Manager

Warren, MN

$60K - $121.30K/yr

We offer a unique opportunity to join a growing, community and client-focused company that is ... development and evaluation of staff; meeting individual sales goals; utilization of sales ...

Old National Bank

Banking Center Manager

Crookston, MN

$60K - $121.30K/yr

We offer a unique opportunity to join a growing, community and client-focused company that is ... development and evaluation of staff; meeting individual sales goals; utilization of sales ...

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$34.8K

$74.6K

$116.1K

How much do community development banking jobs pay per year?

As of May 30, 2026, the average yearly pay for community development banking in Minnesota is $74,604.00, according to ZipRecruiter salary data. Most workers in this role earn between $57,300.00 and $89,600.00 per year, depending on experience, location, and employer.

What is a Community Development Banking job?

A Community Development Banking job focuses on providing financial services and investment to underserved communities, promoting economic growth and stability. Professionals in this field work with local businesses, nonprofits, and government agencies to support affordable housing, small business development, and community revitalization efforts. They help structure loans, grants, and other financial products tailored to meet the unique needs of low-income communities. Their goal is to increase financial inclusion and foster long-term economic sustainability.

What are the key skills and qualifications needed to thrive in the Community Development Banking position, and why are they important?

To thrive in Community Development Banking, you need a background in finance, knowledge of community reinvestment laws, and experience with lending or credit analysis, often supported by a bachelor's degree in finance, economics, or a related field. Familiarity with loan origination systems, credit risk assessment tools, and Community Reinvestment Act (CRA) compliance software is typically required. Strong relationship-building, interpersonal communication, and problem-solving skills help individuals stand out in this field. These skills are crucial for effectively supporting under-served communities while managing financial risk and ensuring regulatory compliance.

What are the primary responsibilities of a Community Development Banking professional on a day-to-day basis?

Community Development Banking professionals typically work with local organizations, small businesses, and individuals to structure loans and financial solutions that support community revitalization and economic growth. Their day-to-day tasks may include evaluating loan applications, conducting outreach to identify development opportunities, and ensuring compliance with relevant regulations such as the CRA. They often collaborate with internal credit teams, nonprofit partners, and government agencies to advance community-focused projects. This role offers a dynamic mix of client interaction, financial analysis, and impact-driven work aimed at making a positive difference in the communities served.

Is community banking a good career?

Community development banking involves providing financial services and support to local communities, often focusing on affordable housing and small business development. It offers opportunities for meaningful work, relationship-building, and requires skills in finance, communication, and community engagement. Career growth can depend on experience, certifications, and the size of the organization.
More about Community Development Banking jobs
What are popular job titles related to Community Development Banking jobs in Minnesota? For Community Development Banking jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Community Development Banking jobs in Minnesota look for? The top searched job categories for Community Development Banking jobs in Minnesota are:
Community Development Banking jobs near you
Infographic showing various Community Development Banking job openings in Minnesota as of May 2026, with employment types broken down into 2% As Needed, 77% Full Time, 19% Part Time, and 2% Temporary. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $74,604 per year, or $35.9 per hour.
Mortgage Community Development Loan Officer

Mortgage Community Development Loan Officer

Bell Bank

Minneapolis, MN • On-site

Full-time

Posted 20 days ago

Bell Bank rating

6.7

Company rating: 6.7 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

116th of 141 rated banks

Job description

The Mortgage Community Development Loan Officer is focused on growing and developing homeownership opportunities for low-to-moderate income (LMI) individuals, families and communities of color. Under minimum supervision, this position will originate and be an area market expert for loans that meet regulatory, investor and bank portfolio guidelines, including but not limited to Housing Finance Agency, first-time homebuyer, affordable lending and down payment assistance programs.
The Mortgage Community Development Loan Officer will lead and coordinate community development activities and build and maintain strong relationships with nonprofit organizations, other community partners, and bank partners. This position is a community connector that is driven by the goal of supporting financial empowerment and generational wealth building by providing successful and sustainable homeownership opportunities with a focus on closing the homeownership disparity gap. This role reports to the Area Manager with a dotted line to the National Community Development Manager.
Primary Duties:
Mortgage Loan Originations:
  • Originate compliant mortgage loans with a focus on, but not limited to, LMI and communities of color:
  • Responsible for knowing and complying with all Federal and investor regulations, requirements, and bank policies.
  • Gather all information necessary for documentation, analysis, disclosure and underwriting loan applications
  • Advise customers on mortgage loans that are appropriate for their individual financial circumstances.
  • Maintain high standards of client satisfaction and quality and ensure sales/originator systems and workflows are efficiently controlled.
  • Ensure loans in process are moving through the pipeline by regularly reviewing pipeline, communicating with borrowers and processors on additional items needed, interacting with title companies, realtors, attorneys, etc.
  • Manage client referrals to ensure all new customers are introduced to local branches and other appropriate business lines.
  • Originate a minimum of 3 loans per month or 36 loans per year.

Community Development: (approximately 1/3 to 1/2 of time)
  • Community engagement, outreach, and training
  • Develop and maintain strategic relationships with community partners.
  • Maintain list of key strategic community partners.
  • Conduct financial wellness, homebuyer education workshops, and homeownership seminars with local community and affordable housing partners.
  • Represent Bell at community focused events and meetings.
  • Coordinate and staff Bell Sponsored, community and partner events and activities for the market area (e.g., housing fairs, community event vendor booths, nonprofit events, etc.).
  • Track and report out on all community development activities (date, event/training, targeted market reached, est. # of attendees, evaluation, notes, etc.)
  • Attend affordable homeownership programs and services educational seminars, trainings, and workshops.
  • Attend Bell enterprise-wide Community Development trainings.
  • Market area community development goals and activities
  • Be accountable to goals set out in the market area Community Development (CD) Business Plan.
  • Track goal progress and report out to leadership.
  • Track industry and production trends and propose adjustments to the CD Business Plan and goals as needed.
  • Track and measure against CRA and/or Fair Lending targets for the market area.
  • % of mortgage originations in LMI and minority communities.
  • % of Mortgage originations to LMI and minority borrowers.
  • Develop strong relationships and communication channels with Bell partners (e.g., Bell Bank, Community Reinvestment Act (CRA), Operations, Compliance, etc.).
  • Participate in regularly scheduled meetings with Bell partners and provide updates, training, or report outs as appropriate.
  • Communicate local Community Development training and volunteer opportunities for area staff.
  • Recognize, share and celebrate Community Development stories and successes!
  • Be a Community Development and Diversity, Equity and Inclusion champion.

Bell Bank Culture, Policy and Accountability Standards:
  • Know by name and face as many customers and employees as possible, calling them by name as often as possible.
  • Know and practice LOCBUTN, our Golden Rules, and Bell Bank Customer Service Standards.
  • Know, understand, and live the company values and bottom line.
  • Conduct activities consistent with established Bell Bank policies, procedures and systems, the Bell Bank Employee Conduct policies, the Bank Secrecy Act and all applicable state and federal laws and regulations.
  • All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.
  • Prompt and reliable attendance.
  • Perform other duties as assigned.

Job Skills Required:
  • Three (3) years of experience as a loan officer in first mortgage production preferred.
  • High School Diploma required; bachelor's degree in business related field, or equivalent experience required.
  • Thorough knowledge of pricing and underwriting requirements of various mortgage insurance companies.
  • Demonstrated experience with Affordable Lending products.
  • Proven experience in supporting Community Reinvestment Act (CRA) and Fair Lending goals.
  • Working knowledge of Community Reinvestment Act, FNMA, FHLMC, FHA, VA, local state housing programs, TIL regulations, Equal Credit Opportunity Act, RESPA regulations, local and state real estate, finance laws, regulatory compliance and investor guidelines.
  • Excellent written and oral communication skills and ability to work in a team environment.
  • NMLS registration.
  • Proficient in sales and service skills; including tele-consulting, prospecting, networking and COI relationship management.
  • Strong computer skills and experience utilizing laptop technology
  • Ability to work independently with limited supervision.
  • Ability to strategically plan to market and develop business contacts.
  • Excellent customer service skills.
  • Ability to travel to and work occasional evenings and/or weekends to participate in or attend community events or meetings.
  • Ability to travel to different branches and to off-site meetings to meet with clients or co-workers.
  • Bilingual or multilingual preferred.

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