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Contract Loan Processing Jobs in Minnesota (NOW HIRING)

... and Contract Assignments, as needed. Drafts supplemental loan closing documents when necessary ... Familiarity with loan processes, legal descriptions, and/or title documents. * Background in ...

Student loan repayment. * Flexible retirement and pension plans. Pay and Promotion: * Entry pay and ... Upon successful completion of first term contract, you are guaranteed up to 5 interviews with your ...

Student loan repayment. * Flexible retirement and pension plans. Pay and Promotion: * Entry pay and ... Upon successful completion of first term contract, you are guaranteed up to 5 interviews with your ...

Student loan repayment. * Flexible retirement and pension plans. Pay and Promotion: * Entry pay and ... Upon successful completion of first term contract, you are guaranteed up to 5 interviews with your ...

Student loan repayment. * Flexible retirement and pension plans. Pay and Promotion: * Entry pay and ... Upon successful completion of first term contract, you are guaranteed up to 5 interviews with your ...

Student loan repayment. * Flexible retirement and pension plans. Pay and Promotion: * Entry pay and ... Upon successful completion of first term contract, you are guaranteed up to 5 interviews with your ...

Student loan repayment. * Flexible retirement and pension plans. Pay and Promotion: * Entry pay and ... Upon successful completion of first term contract, you are guaranteed up to 5 interviews with your ...

Student loan repayment. * Flexible retirement and pension plans. Pay and Promotion: * Entry pay and ... Upon successful completion of first term contract, you are guaranteed up to 5 interviews with your ...

Student loan repayment. * Flexible retirement and pension plans. Pay and Promotion: * Entry pay and ... Upon successful completion of first term contract, you are guaranteed up to 5 interviews with your ...

Student loan repayment. * Flexible retirement and pension plans. Pay and Promotion: * Entry pay and ... Upon successful completion of first term contract, you are guaranteed up to 5 interviews with your ...

Student loan repayment. * Flexible retirement and pension plans. Pay and Promotion: * Entry pay and ... Upon successful completion of first term contract, you are guaranteed up to 5 interviews with your ...

Student loan repayment. * Flexible retirement and pension plans. Pay and Promotion: * Entry pay and ... Upon successful completion of first term contract, you are guaranteed up to 5 interviews with your ...

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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 cities in Minnesota are hiring for Contract Loan Processing jobs? Cities in Minnesota with the most Contract Loan Processing job openings:

Risk Management Coordinator

Ryan Companies

Minneapolis, MN

$70K - $75K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 28 days ago


Job description

Job Description:

Some things you can expect to do:

  • Review insurance requirements within contracts (including DBIA and AIA forms, construction and development agreements, master agreements, and loan documents).
  • Claims Management - partner with insurance brokers and legal team to initiate, process and track insurance claims for all insurance coverage related to the construction, development and operation of various commercial real estate projects, including automobile, personal injury, property damage, professional liability and builder's risk claims.
  • Review insurance requirements within construction agreements (including DBIA and AIA forms, bid documentation, master agreements, and subcontracts).
  • Assist in the administration of Owner Controlled Insurance Programs (OCIP) Contractor Controlled Insurance Programs (CCIP), Builder's risk and subcontractor default insurance programs.
  • Issue Certificates of Insurance (COIs) to owners/lenders including applicable endorsements.
  • Analyze subcontractors' COIs for strict compliance with contract requirements and non-compliant coverage and escalate discrepancies.
  • Manage subcontractor enrollments.
  • Support surety and bonding processes.

Qualifications and Requirements:

  • Education: Bachelor's Degree in preferred
  • Experience: 3+ years of experience in construction risk management,commercial P&C insurance, or corporate insurance compliance.
  • Industry Knowledge: Familiarity with standard construction contracts, basic OSHA regulations, and standard insurance lines (General Liability, Workers' Compensation, Builder's Risk, Umbrella, CCIP/OCIP).
  • Technical Proficiency: Proficiency in MS Office Suite (especially Excel), construction management or payment software, and RMIS platforms.
  • Communication and Skills: Exceptional verbal and written communication skills; ability to confidently explain complex insurance requirements to stakeholders. Strong attention to detail with the ability to audit policies and maintain complex legal/risk documentation.

Compensation:

The salary range is $70,000 - $75,000. The salary base rate may vary within the anticipated range based on factors such as the ultimate location of the position and the selected candidate's knowledge, skills, and abilities.

Eligibility:

Position requires verification of employment to work in the U.S.

Benefits:

  • Competitive Salary

  • Medical, Dental and Vision Benefits

  • Retirement and Savings Benefits

  • Flexible Spending and Health Savings Accounts

  • Life Insurance

  • Short-Term and Long-Term Disability

  • Educational Assistance

  • Paid Time Off (PTO)

  • Employee Assistance and Wellness Programs

  • Parenting Benefits

  • Employee Discount Programs

  • Pet insurance

  • Ryan Foundation - charitable matching funds

  • Paid Time for Volunteer Events

Disclaimer: Eligibility may vary based on factors such as role, hours worked, employment status, length of service, location, and other considerations. Detailed information will be shared with eligible candidates during the hiring process, and the official terms and conditions will be outlined in each individual offer document.

Ryan Companies is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.


Notice to Candidates:

Please be advised that initial outreach regarding employment at Ryan Companies will only occur via email from the domain @ryancompanies.com email address. If you recieve communication from someone you believe is impersonating Ryan Companies, please report it to us at humanresources@ryancompanies.com

Non-Solicitation Notice to Recruitment Agencies:

Ryan Companies kindly requests that recruitment agencies and third-party recruiters do not submit unsolicited resumes or candidate information to any Ryan Companies employee or office. Ryan Companies will not be responsible for any fees or expenses associated with unsolicited submissions. If recruitment services are required, we will reach out directly to agencies on our approved vendor list. We appreciate your understanding and cooperation.