ZipRecruiter

Log In

2

Entry Level Loan Processor Jobs in Minnesota (NOW HIRING)

Atwood Companies Inc

Senior Loan Partner

Minneapolis, MN · On-site

$65K - $90K/yr

The Role This is not an entry-level position. The Senior Loan Partner is the Broker/Owner's #2 and ... This role is the right fit for someone who has spent time as an LOA, processor, underwriter, or ...

Atwood Companies Inc

Senior Loan Partner

Minneapolis, MN · On-site

$65K - $90K/yr

The Role This is not an entry-level position. The Senior Loan Partner is the Broker/Owner's #2 and ... This role is the right fit for someone who has spent time as an LOA, processor, underwriter, or ...

DR Horton, Inc.

Mortgage Mastery Trainee

Lakeville, MN · On-site

... the entry-level and first time move-up markets. The Company also provides mortgage financing and ... Review Loan Processor reports daily. * Maintain accurate communication log and update LOS comments.

Fraser

Entry Level - Work with Children

Burnsville, MN

$18 - $21.63/hr

We cover your RBT certification process, plus ongoing training to support your career growth. * No ... Student loan repayment contributions, and more. Benefits for Full-time Employees (30+ hours per ...

Fraser

Entry Level - Work with Children

Burnsville, MN · On-site

$18 - $21.63/hr

We cover your RBT certification process, plus ongoing training to support your career growth. * No ... Student loan repayment contributions, and more. Benefits for Full-time Employees (30+ hours per ...

AllianceBernstein Holding L.P.

Analyst

Minneapolis, MN · On-site

$120K - $150K/yr

This is an entry level but high-profile role in a high impact team. The successful candidate will ... CFA (complete or in process) * Experience in loan portfolio analysis and consumer loans and/or ...

AllianceBernstein

Analyst

Minneapolis, MN · On-site

$120K - $150K/yr

This is an entry level but high-profile role in a high impact team. The successful candidate will ... CFA (complete or in process) * Experience in loan portfolio analysis and consumer loans and/or ...

next page

Showing results 1-20

All JobsLoan Processor JobsEntry Level Loan Processor JobsEntry Level Loan Processor Jobs in Minnesota

Entry Level Loan Processor information

See Minnesota salary details

$13

$20

$30

How much do entry level loan processor jobs pay per hour?

As of Aug 21, 2026, the average hourly pay for entry level loan processor 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 is an entry level loan processor?

An Entry Level Loan Processor is responsible for assisting in the loan application process by reviewing and verifying financial documents, ensuring accuracy, and preparing files for underwriting. They communicate with borrowers, lenders, and other parties to gather necessary information. This role requires attention to detail, organizational skills, and knowledge of loan procedures. It is a great starting position for those interested in the mortgage or banking industry.

What does an entry level loan processor do?

A typical day for an Entry Level Loan Processor involves reviewing and verifying loan application documents, communicating with applicants to request missing information, and collaborating with underwriters and other team members to ensure files move smoothly through the approval process. You may spend time entering data into loan processing systems, responding to status inquiries, and keeping detailed records to maintain compliance. The workday is usually structured in an office or hybrid environment, often involving both independent tasks and teamwork. This role offers great exposure to the finance industry and can lead to advancement opportunities in underwriting, loan consulting, or branch management.

What are the key skills and qualifications needed to thrive as an entry level loan processor?

To thrive as an Entry Level Loan Processor, you need strong organizational skills, attention to detail, basic knowledge of loan documentation, and typically a high school diploma or equivalent. Familiarity with loan origination software, spreadsheet applications, and document management systems is commonly required. Excellent communication, customer service, and time management skills help you excel in interactions with clients and team members. These abilities ensure you can accurately process loan files, meet deadlines, and support efficient loan approvals in a fast-paced environment.

How much do entry level loan processors make?

Entry-level loan processors typically earn between $30,000 and $45,000 annually, depending on location and employer. Starting salaries may increase with experience, certifications, and proficiency with loan processing software such as Encompass or Calyx Point.

Is an entry level loan processor a difficult job?

An entry level loan processor role involves reviewing financial documents, verifying information, and ensuring accuracy, which requires attention to detail and basic knowledge of loan procedures. While it can be challenging initially due to the need for accuracy and understanding of lending policies, it is generally considered manageable with proper training and experience. The job often involves standard office hours and the use of loan processing software.

What qualifications do I need to be an entry level loan processor?

Entry level loan processors typically need a high school diploma or equivalent, strong attention to detail, good organizational skills, and basic computer proficiency. Some employers prefer familiarity with loan processing software or customer service experience, but formal certifications are not usually required for entry-level positions.

What are the most commonly searched types of Loan Processor jobs in Minnesota?

The most popular types of Loan Processor jobs in Minnesota are:

What are popular job titles related to Entry Level Loan Processor jobs in Minnesota?

For Entry Level Loan Processor jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Entry Level Loan Processor jobs in Minnesota look for?

The top searched job categories for Entry Level Loan Processor jobs in Minnesota are:

What cities in Minnesota are hiring for Entry Level Loan Processor jobs?

Cities in Minnesota with the most Entry Level Loan Processor job openings:

Entry Level Loan Processor jobs near you
Infographic showing various Entry Level Loan Processor job openings in Minnesota as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 14% Part Time, 4% Contract, and 1% Nights. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $43,396 per year, or $20.9 per hour.

Loan Processor Compeer Home

Compeer Financial

Lakeville, MN • Hybrid

$47K - $66K/yr

Full-time

Posted 9 days ago

Compeer Financial rating

9.1

Company rating: 9.1 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

Job description

Empowered to live. Inspired to work.
Compeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin. We bring together team members with a variety of backgrounds and experiences to help provide financial services to support agriculture and rural communities. Join us in a culture that not only promotes meaningful work and professional development, but provides a flexible, hybrid work environment and excellent benefits, which empower you to thrive both personally and professionally.

How we support you:

  • Hybrid model – up to 50% work from home
  • Flexible schedules including ample flexibility in the summer months
  • Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match)
  • Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAP
  • Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off
  • Learning and development programs
  • Mentorship programs
  • Cross-functional committee opportunities (i.e. Inclusion Council, emerging professional groups, etc.)
  • Professional membership/certification reimbursement and more!

Casual/seasonal & intern team members are not eligible for benefits except for state-mandated programs.

To learn more about Compeer Financial visit www.compeer.com/careers.

Where you will work: This position offers a hybrid work option up to 50% and is open to any Compeer office location in Illinois, Minnesota and Wisconsin.

The contributions you will make: This position partners with Lending Officers, Partner Lenders, Underwriters, Document Administrators and Closers to facilitate the origination of Consumer purpose Real Estate loans from application through closing. This role plays an extremely important part of the overall client experience along with the longterm success of the Compeer Home department.

A typical day:

Loan Processing

  • Audits loan applications for accuracy and completeness to ensure all required information is filled out, and the appropriate supporting documentation required to make a credit decision is included.
  • Initiates the ordering of; initial loan estimates, homeowner's insurance (if applicable), appraisals, titles, flood certifications, etc.
  • Proofs and reviews information from third party sources, Lending Officers and clients, needed to efficiently and consistently close loans on time.
  • Communicates with Lending Officer and clients to obtain missing documents and information.
  • Prepares loan file for initial/final underwriting review and for delivery to the closing department.

Loan Support

  • Responds to client inquiries via phone or email regarding loan in process, guidelines and general processing questions.
  • Uses Compeer systems (Encompass, Blend, Salesforce, SharePoint, etc.) and workflows to accurately enter, review and correct data that has been entered into the system for each loan file from application to closing.
  • Collaborates with Lending Officer to accurately execute and complete change requests. Updates documentation with third party information such as: additional inspections; appraisal fee changes and title fees.
  • Coordinates and prioritizes work in order to effectively and efficiently support the consumer lending team. Works on special projects as needed.
  • Consistently provides feedback to leadership to continually improve current processes.

The skills and experience we prefer you have:

  • High school diploma or GED.
  • Entry-level experience in a loan processing/support role.
  • Knowledge of mortgage loan process and related regulatory requirements.
  • Strong listening, written and verbal communication skills, with ability to communicate at all levels of the organization.
  • Ability to prioritize and work under tight deadlines.
  • Strong problem solving, decision making and organizational skills.
  • Strong computer skills, including MS Office applications and customer relationship management (CRM) programs.
  • Flexible and adaptable to changing situations.
  • Ability to work independently and collaboratively with other teams to achieve goals and represent the business.

How we will take care of you:

Our job titles may span more than one career level (associate, senior, principal, etc.). The actual title and base pay offered is dependent upon many factors, such as: training, transferable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future. This role is eligible for variable compensation and other benefits.

Base Pay
$47,100—$66,600 USD

Compeer Financial is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Must be authorized to work for any employer in the United States. Compeer is unable to sponsor or take over sponsorship of an employment visa at this time.

Click here to view federal employment laws applicable for applicants.

What Compeer Financial employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom