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Loan Operations Manager Jobs in Minnesota (NOW HIRING)

Bell Bank

Commercial Loan Coordinator

Duluth, MN · On-site

Forward billings for third party services to Loan Operations in a timely manner. * Obtains exception reports and partners with Commercial Bankers and Portfolio Managers to resolve all loan ...

Career Site

Commercial Loan Coordinator

Duluth, MN · On-site

Forward billings for third party services to Loan Operations in a timely manner. * Obtains exception reports and partners with Commercial Bankers and Portfolio Managers to resolve all loan ...

The Bank of Elk River

Loan Processor II

Elk River, MN · On-site

$22.50 - $26/hr

... Operations Department providing support to the Bank's loan originators and commercial administrators in document preparation, loan workflow monitoring, and life of loan process management in a ...

The bank of elk river

Loan Processor II

Elk River, MN · On-site

$22.50 - $26/hr

... Operations Department providing support to the Bank's loan originators and commercial administrators in document preparation, loan workflow monitoring, and life of loan process management in a ...

Unity Bank

Loan Assistant

Pierz, MN · On-site

$36K - $45K/yr

The Loan Assistant provides exceptional service to Commercial Relationship Managers bank wide and ... The Loan Assistant works collaboratively with commercial relationship staff, loan operations ...

New

Border Bank

Retail Training Manager

Thief River Falls, MN · On-site

$66K - $90K/yr

This position serves as a key partner to Retail, Deposit Operations, Loan Operations, Risk, and ... Retail Training Manager Key ResponsibilitiesDesign, develop, coordinate, and deliver onboarding ...

Border Bank

Retail Training Manager

Thief River Falls, MN · On-site

$66K - $90K/yr

This position serves as a key partner to Retail, Deposit Operations, Loan Operations, Risk, and ... Retail Training Manager Key Responsibilities * Design, develop, coordinate, and deliver onboarding ...

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Showing results 21-40

All JobsLoan Operations JobsLoan Operations Manager JobsLoan Operations Manager Jobs in Minnesota

Loan Operations Manager information

See Minnesota salary details

$42.1K

$88.3K

$146.9K

How much do loan operations manager jobs pay per year?

As of Sep 8, 2026, the average yearly pay for loan operations manager in Minnesota is $88,309.00, according to ZipRecruiter salary data. Most workers in this role earn between $60,700.00 and $106,800.00 per year, depending on experience, location, and employer.

What is a loan operations manager?

A loan operations manager is responsible for managing the loan process for financial institutions such as banks, credit unions, and mortgage companies. Your responsibilities are to oversee consumer and commercial loan support staff, implement staff training programs, and provide appraisals on staff job expectation. Additional duties may include supervising loan document preparation and servicing, working directly with other staff to ensure efficient workflow, and maintaining knowledge of current software systems. You also conduct audits and assessments to ensure policies and procedures are meeting desired goals.

What are the key skills and qualifications needed to thrive as a loan operations manager, and why are they important?

To thrive as a Loan Operations Manager, you need a solid understanding of loan processing, compliance regulations, and financial documentation, often supported by a bachelor’s degree in finance, business, or a related field. Proficiency with loan origination systems (LOS), banking software, and knowledge of regulatory requirements such as RESPA and HMDA is crucial. Strong leadership, problem-solving abilities, and effective communication skills help manage teams and ensure smooth loan operations. These skills ensure efficient and compliant lending processes, minimize risk, and support organizational goals.

What are some common challenges faced by a loan operations manager, and how can they be addressed?

Loan Operations Managers often encounter challenges such as managing tight deadlines, ensuring regulatory compliance, and overseeing high volumes of loan documentation. Balancing accuracy with efficiency, especially during peak periods, can be demanding. Building strong communication channels within the team and collaborating closely with compliance, credit, and IT departments helps streamline workflows and minimize errors. Staying updated on regulatory changes and fostering a culture of continuous process improvement are key strategies for success in this role.

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

AspectLoan Operations ManagerLoan Processor
Primary RoleOversees loan processing workflows, manages teams, ensures compliancePrepares and verifies loan documents, reviews applications
Required SkillsLeadership, project management, regulatory knowledgeAttention to detail, document review, communication skills
Work EnvironmentOffice setting, managerial oversightOffice setting, processing loan applications
CertificationsOften requires banking or finance certificationsTypically no certifications required, but knowledge of lending regulations helps

The Loan Operations Manager focuses on overseeing the entire loan processing department, managing teams, and ensuring compliance, while the Loan Processor handles the day-to-day preparation and verification of loan documents. Both roles are essential in the loan lifecycle but differ in scope and responsibilities.

What does a loan operations manager do?

A loan operations manager oversees the processing, approval, and management of loan applications within a financial institution. They ensure compliance with regulations, coordinate between departments, and utilize loan management software to streamline operations. Strong organizational and communication skills are essential for this role.
More about Loan Operations Manager jobs

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 are popular job titles related to Loan Operations Manager jobs in Minnesota?

For Loan Operations Manager jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Loan Operations Manager jobs in Minnesota look for?

The top searched job categories for Loan Operations Manager jobs in Minnesota are:

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

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

Loan Operations Manager jobs near you
Infographic showing various Loan Operations Manager job openings in Minnesota as of August 2026, with employment types broken down into 100% Full Time. Highlights an 50% Hybrid, and 50% Remote job distribution, with an average salary of $88,309 per year, or $42.5 per hour.

Commercial Loan Coordinator

Bell Bank

Duluth, MN • On-site

Full-time

Posted 19 days ago

Key responsibilities

  • Coordinate the entire commercial loan process from application to closing, funding, and preparation for booking.

  • Assist commercial customers and Bankers by providing customer service, gathering documentation, and ensuring compliance with banking regulations.

  • Manage and monitor loan documentation, process loan disbursements, and maintain customer records to ensure accurate and timely loan processing.

Bell Bank rating

6.5

Company rating: 6.5 out of 10

Based on 8 frontline employees who took The Breakroom Quiz

149th of 176 rated banks

Job description

The Commercial Loan Coordinator (CLC) plays a crucial role in supporting our Commercial Bankers and their customers. Primary responsibilities include providing exemplary customer service to our commercial customers to assist them with various types of inquires as well as serving as the primary coordinator for the entire commercial loan process, from initial application processing to closing, funding and preparing the transaction for booking. This position is essential for ensuring all customer requests progress smoothly and efficiently and therefore requires excellent customer service skills, effective time management, and the ability to work in a fast-paced environment. The CLC is also responsible for managing the loan process, coordinating activities with the Commercial Banker and Loan Closer and ensuring that between the Loan Closer and the CLC, all necessary documentation is collected and entered accurately into the Loan Origination System (LOS). In this role, the CLC will assist borrowers in gathering required documentation and oversee compliance and customer verifications.
Responsibilities
  • Customer Service
    • Provide exemplary customer service while assisting customers and Bankers.
    • Assist with Commercial Lending communications, including responding to incoming telephone calls, electronic mail, and voice mail.
    • Work with internal departments to ensure customer needs are met for services such as Business Online Banking, Deposit Accounts, Sweeps, etc.
    • Work with the appropriate departments to research and resolve questionable matters for customers.
    • Provide support and assistance, and other related duties as assigned, in support of the daily functions of the Commercial Banking team.
  • Commercial Loan Process
    • Assists with the commercial loan process by interacting with commercial customers using multiple communication strategies.
    • Reviews loan application requests and identifies necessary information needed to process loan and/or modification requests. Requests and collects due diligence activities and third-party reports (appraisals, environmentals, UCC, title work, articles of good standing, entity documentation, financial information, credit report, etc.) and provides them to the Commercial Banker or applicable party for review.
    • Oversees the process of compliance and customer verifications to include OFAC and Fraud. Is responsible for adhering to Reg B, flood and other banking regulations.
    • Assists Banker with the collection of all required customer financial information (pre-and post-approval). Enters certain applicable information into LOS System and is accountable for its accuracy.
    • Provides accurate and timely loan applications and required due diligence information to commercial loan closers in order to receive a complete loan documentation package and clear to close instructions for all commercial loan closings.
    • Completes funding of closed loans, processes income and expense fees per procedures.
    • Images all necessary documents including but not limited to, pre-closing due diligence, loan documentation and financial information, in the Bank's imaging system to build an electronic credit file (with system).
    • Prepare and submit accurate and complete files to Loan Operations for booking on the Bank's core system in accordance with the Post-Closing Workflow Service Level Agreement.
  • Establishing, Monitoring and Maintaining Loan Portfolio
    • Set up and maintain customer records on all applicable systems for new and existing relationships.
    • Set up or maintain the relationships as required for the Bank Secrecy Act.
    • Forward billings for third party services to Loan Operations in a timely manner.
    • Obtains exception reports and partners with Commercial Bankers and Portfolio Managers to resolve all loan documentation issues to clear documentation exceptions within the appropriate timeframe.
    • Monitors and acts daily, weekly and monthly reports for maturing and delinquent loans. Ensures that the Deal Team has no administratively delinquent loans. Manage customer accounts by way of processing loan payments, disbursements, advances, and assisting in the monitoring of NSF activity. Process construction loan disbursements in collaboration with the Banker, Customer and the Construction Loan Administrator.
    • Obtains exception reports and partners with Commercial Bankers and Portfolio Managers to request coming due or past due financial information and assist with the monitoring of coming due and past due annual reviews or covenant checks.
    • Ensure accurate information requests on bi-annual customer financial letters.
    • Notify and/or forward to the Correspondent Banking Department all documentation that is received for sold loans.
    • Perform the following processes accurately, timely and in the appropriate manner:
    • Prepare wire transfer forms
    • Prepare cashier's checks
    • Perform BTE transfers
    • Prepare Payoff Letters
    • Ship documents via FedEx or UPS
    • Utilize Power PDF to modify documents as needed
  • Other Expectations
    • Serve as a notary public.
    • Participate in internal and external training to maintain knowledge of Bank products, credit activities and regulations, and other appropriate training as required.
    • Demonstrated acceptable personal monetary responsibility.

Bell Bank Culture, Policy and Accountability Standards
  • Know and live Bell Bank's values, bottom line, customer service standards, Golden Rules, and LOCBUTN by building personal connections with customers and employees and using their names as often as possible.
  • Conduct activities consistent with established Bell Bank policies, procedures and systems, the Code of Conduct, the Bank Secrecy Act and all applicable state and federal laws and regulations.
  • All employees are responsible for information security, including compliance with policies and standards which protect sensitive information.
  • Prompt and reliable attendance.
  • Perform other duties as assigned.

Education, Experience, and Other Expectations
  • Bachelor's Degree in business administration, finance, or similar field; or equivalent amount of experience in the finance or banking industry.
  • 2-4 years of commercial banking support experience.
  • Knowledge of and experience with commercial lending and banking regulations.

Knowledge, Skills, and Abilities
  • Excellent analytical, decision-making and effective problem resolution skills.
  • Must be proactive and willing to take initiative to complete tasks in a timely manner and with a sense of urgency.
  • Excellent organizational and time management skills with high attention to detail and accuracy.
  • Ability to work productively and efficiently without direct supervision.
  • Ability to multi-task with multiple priorities, interruptions and possible short-term deadlines.
  • Ability to be flexible in a dynamic and challenging environment characterized by sometimes changing priorities and react to those changes productively.
  • Ability to work well in a collaborative, cohesive and cooperative team environment.
  • Ability to communicate effectively and professionally with third party vendors, co-workers and customers.
  • Proficient computer skills, including Windows, Excel, Word, and Outlook. Ability to quickly become proficient in complex systems.

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