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Loan Operations Jobs in Minnesota (NOW HIRING)

CCFBank

Commercial Loan Operations

Mankato, MN · On-site

$24 - $28/hr

We are seeking a detail-oriented and highly organized person for our Commercial Loan Operations position to support the documentation, closing, funding, and servicing of commercial loans. This ...

CCFBank

Commercial Loan Operations

Mankato, MN · On-site

$24 - $28/hr

Colleague Pricing on Secondary Market Mortgage Loans * Colleague Beyond Save & Spend Accounts Perks * Discount Program Apply today and help drive the success of our commercial lending operations.

The Bank of Elk River

Loan Processor II

Elk River, MN · On-site

$22.50 - $26/hr

SUMMARY This position works within the Loan Operations Department providing support to the Bank's loan originators and commercial administrators in document preparation, loan workflow monitoring, and ...

Bell Bank

Commercial Loan Coordinator

Duluth, MN · On-site

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 ...

The bank of elk river

Loan Processor II

Elk River, MN · On-site

$22.50 - $26/hr

SUMMARY This position works within the Loan Operations Department providing support to the Bank's loan originators and commercial administrators in document preparation, loan workflow monitoring, and ...

Career Site

Commercial Loan Coordinator

Duluth, MN

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 ...

Alerus

Loan Collateral Specialist, Senior

Eagan, MN · On-site

The Senior Loan Operations Collateral Specialist is responsible for administering and safeguarding the Bank's collateral position throughout the loan lifecycle. This role executes critical collateral ...

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Loan Operations information

See Minnesota salary details

$13

$24

$46

How much do loan operations jobs pay per hour?

As of Aug 26, 2026, the average hourly pay for loan operations in Minnesota is $24.67, according to ZipRecruiter salary data. Most workers in this role earn between $17.40 and $28.27 per hour, depending on experience, location, and employer.

What is loan operations?

Loan Operations refers to the department or team within a financial institution responsible for managing the administrative and processing aspects of loans. This includes tasks such as loan documentation, funding, payments processing, servicing, auditing, and compliance. Loan Operations professionals ensure that loans are processed accurately, adhere to regulatory requirements, and that customer accounts are managed efficiently throughout the loan lifecycle. Their work supports both the front-line lending staff and the institution’s risk management efforts.

What are some typical challenges faced in a loan operations role, and how can they be managed effectively?

In Loan Operations, professionals often encounter challenges such as managing high volumes of loan documentation, ensuring compliance with changing regulations, and coordinating with multiple departments to process loans efficiently. Staying organized and detail-oriented is crucial to avoid errors and delays. Effective communication and leveraging technology, such as loan management systems, can help streamline workflows and maintain accuracy throughout the process.

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

To thrive as a Loan Operations Specialist, you need strong attention to detail, knowledge of loan processing procedures, and a background in finance or banking, often supported by a relevant degree or experience. Familiarity with loan management systems, document management software, and compliance regulations is typically required. Excellent organizational skills, analytical thinking, and effective communication set top performers apart in this role. These capabilities are crucial for ensuring accurate loan documentation, regulatory compliance, and efficient loan servicing operations.

What is the difference between Loan Operations vs Loan Processing?

AspectLoan OperationsLoan Processing
Primary FocusOverseeing the entire loan lifecycle, including compliance, risk management, and workflow coordinationPreparing and verifying loan documents, data entry, and initial review of loan applications
Required SkillsKnowledge of loan policies, regulatory requirements, and operational proceduresAttention to detail, document review, and data accuracy
Work EnvironmentOperations teams within banks or financial institutions, often involving cross-department collaborationLoan processing departments, often within lending or credit units

Loan Operations involves managing the overall loan process, ensuring compliance, and coordinating between departments, while Loan Processing focuses on the initial review and preparation of loan documents. Both roles are essential in the lending industry but differ in scope and responsibilities.

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 jobs in Minnesota?

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

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

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

What cities in Minnesota are hiring for Loan Operations jobs?

Cities in Minnesota with the most Loan Operations job openings:

Loan Operations jobs near you
Infographic showing various Loan Operations job openings in Minnesota as of August 2026, with employment types broken down into 86% Full Time, 9% Part Time, and 5% Contract. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $51,309 per year, or $24.7 per hour.

Loan Operations Supervisor

Minneapolis, MN • On-site

MidCountry Bank
See more jobs at MidCountry Bankexternal

Other

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 4 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.

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