Loan Processor Jobs in Minnesota

A Loan Processor in the banking industry serves as an intermediary between the potential borrower and the lending institution. They are responsible for reviewing loan applications, conducting credit research, coordinating with underwriters, and ensuring that the loans are processed in a timely manner. They assess the ability of the applicant to repay the loan, verify the information provided, and prepare documents for closing. The Loan Processor plays a key role in ensuring the smooth running of the loan approval process, that conforms with bank regulations and guidelines.

Important skills for a Loan Processor include excellent communication, attention to detail, quality customer service, and problem-solving abilities. They should be proficient in using loan processing software and have a strong understanding of banking and financial principles. Some of the certifications that could be beneficial are Certified Mortgage Loan Processor (NAMP-CMLP) and FHA Direct Endorsement (DE) Underwriting certification. Prior to becoming a Loan Processor, an individual might have roles such as Loan Officer Assistant, Credit Analyst, or Customer Service Representative in a banking or financial institution.

1-13 of 13 Jobs

Loan Processor Team Lead

  • Lakeville, MN
  • 3 days ago
  • Lakeville, MN
  • 3 days ago

Horton, Inc. is currently looking for a Loan Processor Team Lead for their Financial Services Regional Department....

Loan Operations Specialist

  • Woodbury, MN
  • 5 days ago
  • Woodbury, MN
  • 5 days ago

Prepares necessary retail and commercial loan documentation through Laser Pro software. This includes new, renewed and modified documents for commercial and consumer loans....

Mortgage Loan Processor

  • Winona, MN
  • 5 days ago
  • Winona, MN
  • 5 days ago

Merchants Bank, Winona, is seeking a Mortgage Loan Processor....

Commercial Loan Documentation Specialist

  • Bloomington, MN
  • 9 days ago
  • Bloomington, MN
  • 9 days ago

Equivalent years of relevant work experience may be considered in lieu of a degree. 0-2 years' experience in commercial loan documentation or commercial loan collateral review/audit role preferred....

Loan Processor

  • Lakeville, MN
  • 10 days ago
  • Lakeville, MN
  • 10 days ago

Horton, Inc. is currently looking for a Loan Processor in the Branch Department....

Loan Processor

  • Saint Paul, MN
  • 16 days ago
  • Saint Paul, MN
  • 16 days ago

Acts as the primary contact for all loan processing including loan funding and problem resolution with regards to loan processing....

Enters all loan documentation, ensuring that it is accurately entered into the lending system....

Loan Processor, Wholesale, Submission

  • Saint Paul, MN
  • 28 days ago
  • Saint Paul, MN
  • 28 days ago

** Responsible for providing quality loan processing, reviewing files for adherence to underwriting standards and ensuring completeness of submission....

Mortgage Loan Processor

  • Saint Paul, MN
  • 30+ days ago
  • Saint Paul, MN
  • 30+ days ago

Blaze is seeking external candidates for a Mortgage Loan Processor position out of our St. Paul office....

RRE Loan Processor -2

  • Saint Paul, MN
  • 30+ days ago
  • Saint Paul, MN
  • 30+ days ago

RRE Loan Processor -2 Job ID: 2496 Location: Bremer Service Ctr - Lake Elmo Full/Part Time: Full-Time Regular/Temporary: Regular Application Deadline Application Deadline: Job Description A RRE Loan...

Ag/Commercial Loan Processor

  • Fairmont, MN
  • 30+ days ago
  • Fairmont, MN
  • 30+ days ago

Profinium Bank has an opportunity for an Ag/Commercial Loan Processor based out of our Fairmont location! We are a full-service, family-owned bank located in Southern MN....

Loan Processor

  • Lakeville, MN
  • 45+ days ago
  • Lakeville, MN
  • 45+ days ago

Previous experience in a loan processing/support role preferred. Knowledge of mortgage loan process and related regulatory requirements....

Loan ProcessorNew

  • Lakeville, MN
  • 45+ days ago
  • Lakeville, MN
  • 45+ days ago

Previous experience in a loan processing/support role preferred. Knowledge of mortgage loan process and related regulatory requirements....

Demographic Data for Minnesota

Moving to Minnesota? Find some basic demographic data about Minnesota below.


Local
National
5,707,031
151,942

Loan Processor Online Courses and Training Opportunities

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Loan Processing
Processing a loan can be a complex endeavor. The most common loans offered by mortgage lenders include conventional conforming, conventional nonconforming, FHA, VA, and subprime loans. For most...
Loan Processing: The Decision
So far, in our series on loan processing, we've covered taking the application, verifying that data, compliance regulations, and underwriting the loan. For the final step, we're going to talk...
Loan Processing: Verification
The second step of loan processing is verification. After the loan application is completed, it's turned over to the loan processor. They obtain the necessary information from the applicant and...

Salary for Loan Processor Jobs in Minnesota

Estimated salary range based on data from US Bureau of Labor Statistics (BLS) and iHireBanking research efforts.

Highest Education Level

Loan Processors in Minnesota offer the following education background
Bachelor's Degree
35.7%
High School or GED
22.9%
Associate's Degree
14.9%
Vocational Degree or Certification
11.8%
Master's Degree
11.0%
Some College
2.4%
Doctorate Degree
0.9%
Some High School
0.5%

Average Work Experience
Here's a breakdown of the number of years' experience offered by Loan Processors in Minnesota
2-4 years
30.6%
Less than 1 year
23.9%
6-8 years
13.6%
None
12.9%
4-6 years
12.3%
1-2 years
6.7%



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