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Contract Loan Processing Jobs in Minnesota (NOW HIRING)

Pyramid Consulting

Loan Processor

Richfield, MN · On-site

$19.50 - $26/hr

Loan Processor Immediate need for a talented Loan Processor with experience in the Banking and ... This is a 12+ Months Contract opportunity with long-term potential and is located in Richfield, MN.

Pyramid Corporation

Loan Processor

Richfield, MN · On-site

$19.50 - $26/hr

Loan Processor Immediate need for a talented Loan Processor with experience in the Banking and ... This is a 12+ Months Contract opportunity with long-term potential and is located in Richfield, MN.

Atwood Companies Inc

Senior Loan Partner

Minneapolis, MN · On-site

$65K - $90K/yr

Under-contract setup -- purchase agreements, loan structuring * Track the pipeline daily and flag ... LOA, processor, underwriter, or former loan officer moving to the operations side * Strong ...

Atwood Companies Inc

Senior Loan Partner

Minneapolis, MN · On-site

$65K - $90K/yr

Under-contract setup -- purchase agreements, loan structuring * Track the pipeline daily and flag ... LOA, processor, underwriter, or former loan officer moving to the operations side * Strong ...

Citizens Alliance Bank

Loan Officer

Granite Falls, MN · On-site

$61K - $91K/yr

The Loan Officer must exercise sound judgment in the loan making process. This position will have ... The position description is not a contract for employment. Citizens Alliance Bank is an Equal ...

Citizens Alliance Bank

VP Ag Loan Officer

Clara City, MN · On-site

$80K - $140K/yr

The VP Ag Loan Officer must exercise sound judgment in the loan making process. This position will ... The position description is not a contract for employment. Citizens Alliance Bank is an Equal ...

Choice Bank

Mortgage Loan Officer

Golden Valley, MN · On-site

This individual will advise borrowers throughout the mortgage process, structure financing ... This position description does not create an employment contract, implied or otherwise. The base ...

New

Choice Bank

Mortgage Loan Officer

Minneapolis, MN · On-site

This individual will advise borrowers throughout the mortgage process, structure financing ... This position description does not create an employment contract, implied or otherwise. The base ...

New

Choice Bank

Mortgage Loan Officer

Golden Valley, MN · On-site

This individual will advise borrowers throughout the mortgage process, structure financing ... This position description does not create an employment contract, implied or otherwise. The base ...

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All JobsContract Loan Processing JobsContract Loan Processing Jobs in Minnesota

Contract Loan Processing information

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How much do contract loan processing jobs pay per hour?

As of Aug 11, 2026, the average hourly pay for contract loan processing in Minnesota is $20.86, according to ZipRecruiter salary data. Most workers in this role earn between $17.64 and $23.56 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a contract loan processor?

To thrive as a Contract Loan Processor, you need a solid understanding of mortgage lending processes, loan documentation, and compliance regulations, often supported by experience in financial services or a related certification. Familiarity with loan origination systems (LOS) like Encompass or Calyx, and proficiency in document management software, is typically required. Attention to detail, strong organizational skills, and effective communication are crucial soft skills for managing deadlines and collaborating with clients and lenders. These skills ensure accurate loan processing, compliance with regulatory standards, and efficient workflow in a highly deadline-driven environment.

Is contract loan processing a hard job?

Contract loan processing can be challenging due to the need for attention to detail, understanding of loan documents, and adherence to regulations. The role often requires strong organizational skills, familiarity with loan software, and the ability to handle multiple tasks within tight deadlines.

What are some common challenges faced by contract loan processors, and how can they be managed effectively?

Contract loan processors often encounter challenges such as tight deadlines, fluctuating loan volumes, and the need to quickly adapt to different lenders' procedures. Managing these challenges involves maintaining strong organizational skills, effective communication with borrowers, loan officers, and underwriters, and staying updated on compliance regulations. Utilizing reliable loan processing software and establishing clear workflows can also help streamline tasks and reduce errors, making it easier to handle high workloads efficiently.

What is a contract loan processor?

Contract loan processors are professionals who handle the administrative and processing tasks involved in securing a loan, typically for a mortgage, on a contractual or freelance basis rather than as full-time employees. They review and verify loan documents, coordinate with lenders, and ensure that applications comply with industry and legal standards. By working on a contract basis, they provide flexibility to lenders or mortgage companies who may need extra support during busy periods or for specific projects.

What is the difference between Contract Loan Processing vs Contract Underwriting?

AspectContract Loan ProcessingContract Underwriting
Primary RolePreparing and verifying loan documents, coordinating with applicants and lendersAssessing and approving loan applications based on risk analysis
Required CredentialsTypically requires a high school diploma or equivalent; certifications like Loan Processing Certification are commonRequires a mortgage or loan underwriting certification; often a background in finance or banking
Work EnvironmentOffice setting, often in banks, mortgage companies, or lending institutionsOffice-based, with detailed analysis and decision-making processes

Contract Loan Processing involves managing the documentation and coordination for loan approval, while Contract Underwriting focuses on evaluating and approving loan applications based on risk factors. Both roles are essential in the lending process but differ in responsibilities and skill requirements.

How to become a contract loan processor?

To become a contract loan processor, candidates typically need a high school diploma or equivalent, along with experience in loan processing or related administrative roles. Familiarity with loan software, attention to detail, and strong organizational skills are important; some employers may prefer candidates with a background in finance or banking. Certification is not mandatory but can enhance job prospects.
What are the most commonly searched types of Loan Processing jobs in Minnesota? The most popular types of Loan Processing jobs in Minnesota are:
What are popular job titles related to Contract Loan Processing jobs in Minnesota? For Contract Loan Processing jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Contract Loan Processing jobs in Minnesota look for? The top searched job categories for Contract Loan Processing jobs in Minnesota are:
What cities in Minnesota are hiring for Contract Loan Processing jobs? Cities in Minnesota with the most Contract Loan Processing job openings:
Contract Loan Processing jobs near you

Loan Processor

Pyramid Consulting

Richfield, MN • On-site

$19.50 - $26/hr

Other

Re-posted 5 days ago

Job description

Loan Processor

Immediate need for a talented Loan Processor with experience in the Banking and Financial Industry. This is a 12+ Months Contract opportunity with long-term potential and is located in Richfield, MN.

Please review the job description below.

Key Requirements and Technology Experience:

  • Orders all items necessary for loan file, i.e., insurance, flood certificates, good standings, title policies if necessary.
  • Writes correspondence letters to borrowers, escrows/attorneys, title companies, insurance companies, etc.
  • Works closely with title and attorneys and escrow companies to close deals efficiently and timely.
  • Reviews preliminary title reports/title commitments.
  • Prepares loan files for funding and boarding.
  • Continually follows-up with Business Development Officers to ensure clean and efficient loan closings.
  • Follows-up with loan officers regarding completeness of loan conditions.
  • Coordinates multiple files for closing concurrently, or within a short period of time.
  • To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Associate's degree (A.A.) or equivalent from two-year college or technical school; or six months to one year related experience and/or training; or equivalent combination of education and experience.
  • Ability to read and comprehend simple instructions, short correspondence and memos.
  • Ability to write simple correspondence and e-mails with proper grammar and sentence structure.
  • Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
  • Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form.

Our client is a leading Banking and Financial Industry and we are currently interviewing to fill this and other similar contract positions. If you are interested in this position, please apply online for immediate consideration.

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