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Loan Associate Jobs in Minnesota (NOW HIRING)

Lennar

Mortgage - Loan Officer Associate

Plymouth, MN · On-site

$15.57 - $21/hr

Loan Officer Associate We are Lennar Lennar is one of the nation's leading homebuilders, dedicated to making an impact and creating an extraordinary experience for their Homeowners, Communities, and ...

Lennar

Mortgage - Loan Officer Associate

Plymouth, MN · On-site

$15.57 - $21/hr

Loan Officer Associate We are Lennar Lennar is one of the nation's leading homebuilders, dedicated to making an impact and creating an extraordinary experience for their Homeowners, Communities, and ...

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 ... Associate's degree (A.A.) or equivalent from two-year college or technical school; or six months to ...

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 ... Associate's degree (A.A.) or equivalent from two-year college or technical school; or six months to ...

CCFBank

Commercial Loan Operations

Blue Earth, MN

$24 - $29/hr

Input and maintain loan data in the bank's loan origination and documentation systems, including ... Associate's degree in accounting, finance, economics or related field. * Note: Two (2) years of ...

CCFBank

Commercial Loan Processor

Mankato, MN · On-site

$24 - $29/hr

Input and maintain loan data in the bank's loan origination and documentation systems, including ... Associate's degree in accounting, finance, economics or related field. * Note: Two (2) years of ...

CCFBank

Commercial Loan Processor

Mankato, MN

$24 - $29/hr

Input and maintain loan data in the bank's loan origination and documentation systems, including ... Associate's degree in accounting, finance, economics or related field. * Note: Two (2) years of ...

CCFBank

Commercial Loan Operations

Blue Earth, MN · On-site

$24 - $29/hr

Input and maintain loan data in the bank's loan origination and documentation systems, including ... Associate's degree in accounting, finance, economics or related field. * Note: Two (2) years of ...

Choice Bank

Mortgage Loan Officer

Golden Valley, MN · On-site

Description The Mortgage Loan Officer is responsible for developing residential mortgage business ... Associate's or Bachelor's degree in Business Management, Sales, Marketing or related field. * 1-3 ...

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All JobsLoan Associate JobsLoan Associate Jobs in Minnesota

Loan Associate information

See Minnesota salary details

$10

$19

$30

How much do loan associate jobs pay per hour?

As of Sep 1, 2026, the average hourly pay for loan associate in Minnesota is $19.91, according to ZipRecruiter salary data. Most workers in this role earn between $14.13 and $24.04 per hour, depending on experience, location, and employer.

What does a loan associate do?

A Loan Associate assists clients with the loan application process, reviews financial documents, and helps determine eligibility for various loan products. They work closely with loan officers and underwriters to ensure all required documentation is complete and accurate. Additionally, Loan Associates may answer customer questions, verify information, and process paperwork to support timely loan approvals and disbursements.

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

To thrive as a Loan Associate, you need a solid understanding of financial principles, loan processing procedures, and regulatory compliance, often supported by a degree in finance or a related field. Familiarity with loan origination software, credit analysis tools, and document management systems is commonly required. Strong attention to detail, customer service orientation, and effective communication skills help Loan Associates excel in client interactions and team environments. These skills and qualities are vital for ensuring accurate loan processing, regulatory adherence, and positive client experiences.

What are some common challenges faced by loan associates during the loan processing cycle?

Loan Associates often encounter challenges related to balancing multiple loan applications simultaneously while ensuring compliance with regulatory requirements. They must carefully verify documentation, communicate effectively with applicants, and coordinate with underwriters and loan officers to keep the process on track. Staying organized and adaptable is key, as changes in applicant circumstances or evolving lending guidelines can require prompt adjustments. Successfully managing these tasks helps ensure timely loan approvals and a positive borrower experience.

What is the difference between Loan Associate vs Mortgage Processor?

AspectLoan AssociateMortgage Processor
CredentialsHigh school diploma or equivalent; some roles may prefer relevant certificationsHigh school diploma; some roles may require mortgage-specific certifications
Work EnvironmentBank branches, credit unions, or financial institutionsMortgage companies, banks, or lending institutions
Job ResponsibilitiesAssisting clients, gathering documents, processing loan applicationsReviewing documents, verifying information, preparing files for approval
Industry UsageCommonly employed in retail banking and lendingPrimarily in mortgage lending and real estate finance

While both roles support the loan process, a Loan Associate typically handles client interactions and initial documentation, whereas a Mortgage Processor focuses on verifying and preparing mortgage files for approval. Understanding these differences can help job seekers identify the right position in the lending industry.

How much does a loan associate make?

A loan associate typically earns between $35,000 and $50,000 annually, depending on experience, location, and employer. Some positions may offer additional commissions or bonuses based on performance, and strong customer service skills are often required.

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

The most popular types of Loan jobs in Minnesota are:

What cities in Minnesota are hiring for Loan Associate jobs?

Cities in Minnesota with the most Loan Associate job openings:

Loan Associate jobs near you
Infographic showing various Loan Associate job openings in Minnesota as of August 2026, with employment types broken down into 1% As Needed, 71% Full Time, 22% Part Time, 1% Temporary, and 5% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $41,416 per year, or $19.9 per hour.

Commercial Banking Associate

Bridgewater Bank

Minneapolis, MN • Hybrid

$63K - $75K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 14 days ago

Job description

We are seeking a meticulous and self-directed Commercial Banking Associate to provide administrative management of a diverse loan portfolio to ensure client requests are promptly completed and communicates effectively with the Lending Hub regarding management of loan portfolio. The ideal candidate will have prior experience in Commercial Real Estate.

RESPONSIBILITIES: 

  • Serve as a secondary point of contact for prospective and existing loan clients.
  • Collect, organize, and review required due diligence documentations for loan origination.
  • Coordinate with Lenders, Loan Administrators, clients, and outside agencies by performing a variety of customer service activities including responding to requests, researching discrepancies, and resolving issues.
  • Track deal progress and ensure timely follow-up on outstanding items.
  • Communicate loan status updates to clients and internal stakeholders.
  • Maintain accurate client records in our Loan Origination System and loan tracking systems.
  • Help identify potential issues early and escalate as needed.
  • Proactively monitor exception tracking system to ensure file accuracy.
  • Manage internal/external requests and financial transactions within the term of the loan documentation, bank policies and procedures. Includes loan advances, payments, wire transfers, payoffs, and collateral releases.
  • Manage or maintain Letter of Credit Log and other daily, month or quarterly reports as assigned.
  • Manage, monitor and/or report activity related to denied/not approved loans, as assigned.

 

QUALIFICATIONS:

  • 5-7 years of Commercial and Consumer loan servicing experience
  • Strong oral and written communication skills
  • High attention to detail and knowledge of rules, regulations and policies relating to loan documentation
  • Bachelor’s degree preferred

 

ABOUT BRIDGEWATER BANK:

Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank.

We are on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.

At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus!

COMPENSATION & BENEFITS:

The typical annual base pay range for this role is between $63,700 - $75,200. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

Bridgewater Bank provides a broad offering of competitive benefits including (but not limited to):

  • Healthcare (medical, dental, vision)
  • Basic term and optional term life insurance
  • Short-term and long-term disability
  • Parental leave
  • 401(k) with employer match
  • Paid vacation & paid holidays

PLEASE NOTE:

The above is intended to describe the general content of and requirements for this position. It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank’s policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.

STATUS: Exempt

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