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Loan Operations Assistant Jobs in Minnesota (NOW HIRING)

Alerus

Loan Collateral Specialist, Senior

Eagan, MN

Provide guidance and consultation to lenders, credit administration, loan operations, and other business partners regarding collateral requirements, lien priority, and perfection standards. * Assist ...

Minnwest Bank

Business Banking Associate

Saint Cloud, MN · On-site

$22.40 - $25.20/hr

Effectively collaborate with Loan Operations Specialists to ensure rapid customer response, an error-free process, and a smooth customer experience. * Assist other BBAs within the company as needed.

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Loan Operations Assistant information

See Minnesota salary details

$10

$19

$30

How much do loan operations assistant jobs pay per hour?

As of Aug 17, 2026, the average hourly pay for loan operations assistant in Minnesota is $19.41, according to ZipRecruiter salary data. Most workers in this role earn between $15.05 and $21.88 per hour, depending on experience, location, and employer.

What is a loan operations assistant?

Loan Operations Assistants are professionals who support the daily administrative and operational tasks related to processing loans at financial institutions. Their responsibilities often include preparing loan documents, verifying customer information, maintaining records, and ensuring compliance with regulatory requirements. They work closely with loan officers, customers, and other departments to facilitate smooth loan processing. Attention to detail, organizational skills, and knowledge of banking procedures are essential for this role.

What skills and qualifications are needed to be a loan operations assistant?

To thrive as a Loan Operations Assistant, you need strong attention to detail, knowledge of loan processing procedures, and a background in finance or banking, often supported by a relevant associate’s degree. Familiarity with loan origination software, document management systems, and banking compliance tools is typically required. Excellent organizational skills, clear communication, and the ability to handle confidential information with discretion are essential soft skills for this role. These skills ensure accurate loan processing, regulatory compliance, and efficient support to both clients and lending teams.

What challenges does a loan operations assistant face, and how can they be addressed?

Loan Operations Assistants often face challenges such as managing high volumes of loan documentation, ensuring accuracy under tight deadlines, and navigating evolving regulatory requirements. Staying organized and detail-oriented is key, as even minor errors can delay funding or compliance. Building strong communication with loan officers, underwriters, and clients helps to streamline processes and resolve issues quickly. Many organizations also offer training and mentorship to help assistants stay current with industry standards and improve efficiency.

What is the difference between Loan Operations Assistant vs Loan Processor?

AspectLoan Operations AssistantLoan Processor
CredentialsBasic financial knowledge, sometimes certifications like loan processing or banking coursesSimilar credentials, often with additional certifications or experience in loan documentation
Work EnvironmentSupportive office setting within banks or lending companiesOffice environment focused on reviewing and verifying loan applications
Employer & Industry UsageCommonly employed in banking, mortgage, and lending institutionsPrimarily in mortgage and loan companies, handling application processing
Search & Comparison IntentUnderstanding support roles in loan processingDetails on loan application review and approval process

The main difference between a Loan Operations Assistant and a Loan Processor lies in their responsibilities. The Loan Operations Assistant provides administrative and support functions within the loan process, while the Loan Processor actively reviews and verifies loan applications to facilitate approval. Both roles require similar credentials and are found in banking and lending environments, but their focus areas differ slightly.

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

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

What cities in Minnesota are hiring for Loan Operations Assistant jobs?

Cities in Minnesota with the most Loan Operations Assistant job openings:

Loan Operations Assistant jobs near you
Infographic showing various Loan Operations Assistant job openings in Minnesota as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 11% Part Time, 1% Temporary, and 4% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $40,373 per year, or $19.4 per hour.

Loan Operations Supervisor

MidCountry Bank

Minneapolis, MN • On-site

$85K - $105K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 25 days ago

Job description


The pay range represents the anticipated base pay for this position. Actual pay will be based on factoring including, but not limited to: market data, internal equity, skillset and knowledge, experience, education and overall qualifications for the role.



JOB SUMMARY

Responsible for the day-to-day supervision and coordination of the Loan Operations activities, ensuring timely, professional and accurate service while meeting appropriate service level agreements. Provides leadership, coaching, workflow management, and operational support to the Loan Operations team. Ensures all activities comply with applicable laws, regulations, policies, and guidelines.


This position serves as the primary operational support and backup to the Loan Operations Manager. This position is responsible for overseeing daily departmental activities while supporting the Manager's strategic, compliance, staffing, and operational objectives.


JOB RESPONSIBILITIES

1. Optimize team talents by providing leadership and coaching to individuals by:

  • Establishing clear goals that tie to the vision and mission of the business.
  • Championing the culture with your team and across the organization.
  • Determine staffing needs; Recruit, hire and onboard talent.
  • Document and conduct annual performance review process duties on time.
  • Conduct ongoing one on one coaching sessions
  • Managing employee performance issues in a timely manner and adhering to employment policies.
  • Participate in leadership training opportunities and apply learnings.

2. Oversee the functionality of the Loan Operations department in order to:

  • Ensure the timely and accurate completion of servicing, booking, documenting, reporting and quality assurance reviews
  • Monitor departmental SLAs, and review quality trends and coordinate corrective actions with the Lending Operations Manger
  • Monitor system maintenance and provide production support
  • Analyze quality and exception trends to determine root cause
  • Achieve satisfactory audits and compliance reviews by ensuring ongoing compliance with Federal and State regularity guidelines and adherence to established policies and procedures. Help the Lending Operations Manager ensure findings are addressed timely and thoroughly
  • Implement departmental process improvements and/or cost savings
  • Understand and help the Lending Operations Manager manage department priorities and team workloads
  • Provide adequate and appropriate training to effectively complete all tasks
  • Monitor services offered and recommend changes, updates and department restructuring as necessary
  • Ensure delivery of high quality service by team members to internal and external customers

3. Complex Loan Documentation and Transaction Processing

  • Accurately process complex transaction requests with established service level agreements.
  • Create and review standard and complex loan documents necessary to meet Credit Policy, Regulatory and Compliance, legal and procedural requirements for new commercial, agriculture, consumer and leases as well as modifications, refinances, extensions, renewals, change in terms, and subordinations.
  • Perform critical loan and lease file maintenance in an accurate and timely manner.
  • Review complex operational transactions and maintenance requests to ensure compliance with Bank policies, procedures, and regulatory requirements.

4. Manage or assist with system upgrades and roll outs of new products and services by:

  • Partnering with all applicable departments
  • Support implementation and training activities related to the loan operations system changes
  • Monitor performance of new products/services to ensure ongoing success


JOB REQUIREMENTS

Education-

  • Required: Bachelor’s Degree or equivalent related and progressive experience

Experience-

  • Required: 4- 6 years of experience in loan operations with at least two years of supervision of others.
  • Preferred: 6- 8 years of experience in loan operations with experience in FISERV, LaserPro, Abrigo with at least two years of supervision of others.


SCHEDULE

This position is scheduled to work 40 hours per week from 8:30 am to 5 :00 pm. The Company reserves the right to change the schedule as required for business needs.


BENEFIT INFORMATION

Our Team Members enjoy a comprehensive benefits package, including:

  • Health Insurance with two medical plan options as well as dental and vision options.
  • Employer matched 401(k) plan.
  • Company-paid life insurance, AD&D and short and long-term disability. Team members can also purchase additional life and AD&D insurances.
  • Paid Time Off and all Federal holidays observed.


MidCountry Bank is an equal opportunity employer and does not discriminate against otherwise qualified applicants on the basis of race, color, creed, religion, ancestry, age, sexual orientation, marital status, national origin, disability or handicap, veterans status, genetic information or gender identity. MidCountry Bank is an EEO/AA Employer.