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Loan Processor Manager Jobs in Minnesota (NOW HIRING)

Loan Processor

Woodbury, MN ยท On-site

$19.50 - $26/hr

... process ... Manage a pipeline of approximately 25-30 active loans while maintaining accuracy, attention to ...

Loan Processor II

Elk River, MN ยท On-site

$22.50 - $26/hr

... of loan process management in a variety of loan products including consumer loans, real estate loans, and commercial loans. Providing exceptional customer service to both internal and external ...

Mortgage Loan Processor III

Duluth, MN ยท On-site

$60 - $70/hr

Supports Loan Originator with pipeline management * Communicates with internal and external contacts throughout the loan process to provide updates and/or request documentation needed to obtain a ...

New

Mortgage Loan Processor I

Hastings, MN ยท On-site

$22.88 - $27.45/hr

Merchants Bank is seeking a Mortgage Loan Processor. This on-site position can work at any of our ... Perform any other duties as requested by management to assist other departments, as necessary.

Mortgage Loan Processor I

Spring Grove, MN ยท On-site

$41K - $56K/yr

Merchants Bank is seeking a Mortgage Loan Processor. This on-site position can work at any of our ... Perform any other duties as requested by management to assist other departments, as necessary.

Everyday working towards building and improving processes. This is a hybrid position. Responsibilities and Duties: * Assists loan originator(s) in managing customer pipeline in a timely and efficient ...

Everyday working towards building and improving processes. This is a hybrid position. Responsibilities and Duties: * Assists loan originator(s) in managing customer pipeline in a timely and efficient ...

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 ...

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 ...

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Loan Processor Manager information

See Minnesota salary details

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How much do loan processor manager jobs pay per hour?

As of Sep 4, 2026, the average hourly pay for loan processor manager 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 does a loan processor manager do?

A Loan Processor Manager oversees a team of loan processors, ensuring that all loan applications are processed efficiently and in compliance with regulations. They are responsible for training staff, establishing workflow procedures, and resolving complex issues that arise during the loan process. Additionally, they act as a liaison between loan officers, underwriters, and other departments to ensure timely and accurate loan closings. Their role is crucial in maintaining high customer satisfaction and minimizing processing errors.

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

A Loan Processor Manager needs strong expertise in mortgage lending, underwriting guidelines, and loan documentation, typically supported by experience in finance or a related field. Familiarity with loan origination systems (LOS), compliance software, and relevant certifications like NMLS are highly beneficial. Exceptional leadership, attention to detail, and effective communication are vital soft skills for managing teams and ensuring efficient workflows. These skills ensure regulatory compliance, timely loan processing, and high-quality service for both clients and stakeholders.

What are some common challenges faced by loan processor managers, and how can they effectively address them?

Loan Processor Managers often encounter challenges such as managing high loan volumes, ensuring compliance with evolving regulations, and maintaining clear communication between loan officers, underwriters, and borrowers. To address these, strong organizational skills, up-to-date knowledge of lending guidelines, and fostering a collaborative team environment are essential. Implementing efficient workflow processes and ongoing training can also help streamline operations and reduce bottlenecks, ultimately leading to smoother loan processing and improved team performance.

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

AspectLoan ProcessorLoan Processor Manager
ResponsibilitiesReview and verify loan documents, process loan applications, communicate with borrowersOversee loan processing team, ensure compliance, improve processing efficiency
Required SkillsAttention to detail, knowledge of loan programs, customer service skillsLeadership, team management, process improvement skills
CertificationsTypically none required; may prefer mortgage or loan processing certificationsSame as Loan Processor; leadership certifications beneficial
Work EnvironmentOffice setting within banks or mortgage companiesOffice setting, supervisory role within the same environment

The main difference between a Loan Processor and a Loan Processor Manager is the scope of responsibilities. The Loan Processor handles the day-to-day processing of loan applications, while the Loan Processor Manager oversees the processing team, ensuring efficiency and compliance. Both roles require similar skills and certifications, but the manager position involves leadership and team management duties.

How much do entry level loan processor managers make?

Entry-level loan processor managers typically earn between $45,000 and $60,000 annually, depending on location and company size. Starting salaries may be lower, but with experience and additional certifications, earnings can increase. Strong organizational and communication skills are important for success in this role.

Is a loan processor manager a difficult job?

A loan processor manager oversees the processing of loan applications, requiring strong organizational, leadership, and communication skills. The role can be demanding due to deadlines, accuracy requirements, and managing a team, but it also offers opportunities for professional growth and industry knowledge. Familiarity with loan software and regulatory compliance is often necessary.

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

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

Infographic showing various Loan Processor Manager job openings in Minnesota as of August 2026, with employment types broken down into 85% Full Time, 12% Part Time, 2% Contract, and 1% Nights. Highlights an 81% Physical, 2% Hybrid, and 17% Remote job distribution, with an average salary of $43,396 per year, or $20.9 per hour.

Loan Processor

Vaco LLC

Woodbury, MN โ€ข On-site

$19.50 - $26/hr

Other

Dental, Vision, Retirement

This job post hasย expired today.ย Applications are no longer accepted.


Job description

We are seeking an experienced Mortgage Loan Processor who thrives in a fast-paced environment and is passionate about delivering an exceptional borrower experience. This role will partner closely with a dedicated Loan Originator (LO) and play a critical role in ensuring loans move efficiently from application through closing. The ideal candidate is highly detail-oriented, proactive, and comfortable working directly with borrowers while managing complex loan files and changing mortgage guidelines. Key Responsibilities Review and evaluate new loan files within 48 hours to ensure proper structure and complete disclosures. Analyze income, assets, credit, and supporting documentation within 24 hours of receipt. Prepare and submit complete, accurate loan packages to underwriting. Proactively clear underwriting conditions and keep loans on track to meet contract and rate lock deadlines. Maintain an organized and accurate pipeline within Encompass. Communicate regularly with borrowers, loan originators, underwriters, and other stakeholders throughout the loan process. Manage a pipeline of approximately 25โ€“30 active loans while maintaining accuracy, attention to detail, and excellent customer service. Support a dedicated Loan Originator, requiring the ability to manage more complex transactions and provide a high level of individualized attention. Required Qualifications Current experience as a Mortgage Loan Processor. Hands-on experience with Encompass (required). Strong understanding of current mortgage guidelines, documentation requirements, and underwriting processes. Exceptional attention to detail and organizational skills. Outgoing, customer-focused personality with the ability to build rapport with borrowers. Proven ability to prioritize tasks and manage multiple deadlines in a high-volume environment. High School Diploma or equivalent required. Preferred Experience Experience processing a variety of residential mortgage products. Strong communication skills and ability to work collaboratively with loan originators and underwriting teams. Demonstrated success managing a pipeline while maintaining quality and compliance standards. What We're Looking For Detail-oriented and process-driven. Proactive communicator who keeps borrowers and partners informed. Adaptable professional who stays current with evolving lending guidelines. Team player who takes ownership and ensures loans move smoothly through the process. Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individualโ€™s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the companyโ€™s 401(k) retirement plan. Additional disclaimer: Unless otherwise noted in the job description, the position Vaco/Highspring is filing for is occupied. Please note, however, that Vaco/Highspring is regularly asked to provide talent to other organizations. By submitting to this position, you are agreeing to be included in our talent pool for future hiring for similarly qualified positions. Submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. Further assessment of candidates beyond this initial phase within Vaco/Highspring will be otherwise assessed by recruiters and hiring managers. Vaco/Highspring does not have knowledge of the tools used by its clients in making final hiring decisions and cannot opine on their use of AI products. EEO Notice Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law. Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com . Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal. Representation Notice By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal. For residents of Ontario, Canada: Based on Highspringโ€™s discussions with its Client, Highspringโ€™s understanding is that this position for employment is a current vacancy (either through Highspring as a contractor or with the client directly). Privacy Notice Vaco by Highspring and its parents, affiliates, and subsidiaries (โ€œwe,โ€ โ€œour,โ€ or โ€œVaco by Highspringโ€) respects your privacy and are committed to providing transparent notice of our policies. California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here. Virginia residents may access our state specific policies here. Residents of all other states may access our policies here. Canadian residents may access our policies in English here and in French here. Residents of countries governed by GDPR may access our policies here. Additionally, submissions to this position are subject to the use of AI to perform preliminary candidate screenings, focused on ensuring minimum job requirements noted in the position are satisfied. More details about Vaco by Highspringโ€™s use of AI can be found here (https://www.highspring.com/ai-use-notices/). Further assessment of candidates beyond this initial phase will be conducted by recruiters and hiring managers. Vaco by Highspring does not know and cannot opine on if its clientโ€™s use of AI products in hiring. Pay Transparency Notice Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to: the individualโ€™s skill sets, experience and training; licensure and certification requirements; office location and other geographic considerations; other business and organizational needs. With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.

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About Vaco

Sourced by ZipRecruiter

Vaco delivers critical talent solutions to companies in the areas of consulting, project resources, executive search, direct hire and strategic staffing with expertise in numerous areas including accounting and finance, technology and operations. Vaco's family of brands includes Pivot Point Consulting, a best in KLAS health care IT solutions provider; Focus Search Partners, a retained executive search practice; and MorganFranklin Consulting, Vaco's methodology-driven global consulting platform. Since its founding in 2002, Vaco has grown to serve more than 12,000 clients across the globe with more 9,800 employees. Vaco has been named to Inc. magazine's list of the fastest-growing private companies for the past 15 years and was named to Forbes' 2018-2021 lists of America's Best Recruiting Firms.

Industry

Recruiting and staffing services

Company size

5,001 - 10,000 Employees

Headquarters location

Brentwood, TN, US

Year founded

2002

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