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Loan Processor Jobs in Minnesota (NOW HIRING)

Sentry Bank

Loan Processor

Saint Joseph, MN · On-site

$22/hr

Sentry Bank is looking to hire a full-time Loan Processor at our St. Joseph location. Hours will be Monday-Friday, 8am-4:30pm. Pay range starts at $22/hr, but compensation is higher with more ...

Vaco LLC

Loan Processor

Woodbury, MN · On-site

$19.50 - $26/hr

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 ...

The bank of elk river

Loan Processor II

Elk River, MN · On-site

$22.50 - $26/hr

Join The Bank of Elk River as a Loan Processor II and play a vital role in supporting our lending team while helping customers achieve their financial goals. If you're organized, customer-focused ...

CCFBank

Commercial Loan Processor

Mankato, MN · On-site

$24 - $29/hr

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

CCFBank

Commercial Loan Processor

Mankato, MN · On-site

$24 - $29/hr

This position serves as a key partner to lenders, credit staff, borrowers, attorneys, title companies, and other stakeholders to ensure commercial loan transactions are processed accurately ...

North Shore Bank

Mortgage Loan Processor III

Duluth, MN · On-site

$60 - $70/hr

Government North Shore Bank of Commerce Mortgage Loan Processor IIIJob Opening North Shore Bank is a locally owned and operated community bank that has proudly been serving the Twin Ports area and ...

New

Compeer Financial

Loan Processor Ag Lending

Rochester, MN · On-site

$19 - $25.50/hr

Loan Processing and Client Service * Serves as a client point of contact, establishing strong relationships through exceptional and consistent service. * Proactively identifies client needs and ...

Merchants Bank

Mortgage Loan Processor I

Hastings, MN · 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 branch locations in MN or WI. The primary responsibilities for this position will be performing ...

mgx

Mortgage Loan Processor I

Spring Grove, MN

$41K - $56K/yr

Merchants Bank is seeking a Mortgage Loan Processor. This on-site position can work at any of our branch locations in MN or WI. The primary responsibilities for this position will be performing ...

CCFBank

Commercial Loan Operations

Blue Earth, MN · On-site

$24 - $29/hr

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

CCFBank

Commercial Loan Operations

Blue Earth, MN · On-site

$24 - $29/hr

This position serves as a key partner to lenders, credit staff, borrowers, attorneys, title companies, and other stakeholders to ensure commercial loan transactions are processed accurately ...

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All JobsLoan Processor JobsLoan Processor Jobs in Minnesota

Loan Processor information

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How much do loan processor jobs pay per hour?

As of Sep 4, 2026, the average hourly pay for loan processor 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 is a loan processor?

Loan processors are financial professionals who review, verify, and organize loan applications before they are approved by underwriters. They collect necessary documentation from applicants, ensure all information is accurate, and communicate with borrowers and lenders throughout the process. Their primary goal is to make sure the loan file is complete and complies with lending regulations, helping to facilitate a smooth and timely loan approval.

What does a loan processor do?

A loan processor reviews loan applications before sending them to the underwriter for approval. As a loan processor, your responsibilities and duties include organizing required documents and verifying the accuracy and completeness of the loan application. You work as the intermediary between the loan officer and the underwriter, so you will not usually have direct contact with the customer. A good loan processor has excellent data and organizational skills, which are needed to succeed in this career.

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

To thrive as a Loan Processor, you need a solid understanding of loan origination, financial documentation review, and regulatory compliance, often supported by experience in banking or finance. Familiarity with loan processing software like Encompass, Calyx Point, and knowledge of relevant regulations such as RESPA and TILA are typically required. Attention to detail, strong organizational skills, and effective communication make someone stand out in this position. These skills and qualities are crucial to ensure accurate, timely loan approvals and maintain compliance, ultimately supporting customer satisfaction and organizational success.

What are some common challenges faced by loan processors, and how can they be managed effectively?

Loan Processors often encounter challenges such as tight deadlines, managing large volumes of documentation, and coordinating with multiple parties like underwriters, loan officers, and clients. Staying organized and maintaining clear communication are key to handling these pressures. Many successful Loan Processors use checklists and digital tools to track document status and follow up regularly with all stakeholders, which helps ensure loans are processed efficiently and accurately.

What is the difference between Loan Processor vs Loan Underwriter?

AspectLoan ProcessorLoan Underwriter
Primary RolePrepares and reviews loan documents, gathers borrower informationAssesses loan risk and approves or declines loan applications
Required CredentialsHigh school diploma, some certifications preferredTypically requires mortgage or financial certifications
Work EnvironmentOffice setting, working closely with loan officers and applicantsOffice environment, analyzing financial data and risk
Industry UsageCommon in mortgage and banking sectorsIntegral to mortgage lending and financial institutions

While both roles are essential in the loan process, a Loan Processor focuses on preparing and verifying documents, whereas a Loan Underwriter evaluates the risk and makes approval decisions. Understanding these differences helps in choosing the right career path or job focus within the lending industry.

Can I work remotely as a loan processor?

Loan processors can often work remotely, especially with the increased use of digital document management and communication tools. Many companies offer remote or hybrid schedules, but specific arrangements depend on employer policies and the need for secure handling of sensitive financial information.

How much do entry level loan processors make?

Entry-level loan processors typically earn between $35,000 and $45,000 annually, depending on location and employer. Starting salaries may increase with relevant skills, certifications, and experience in loan processing software and financial regulations.
More about Loan Processor jobs

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

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

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

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

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

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Cities in Minnesota with the most Loan Processor job openings:

What are popular job titles related to Loan Processor jobs in MN?

For Loan Processor jobs in MN, the most frequently searched job titles are:

Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Minnesota as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 14% Part Time, 4% Contract, and 1% Nights. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $43,396 per year, or $20.9 per hour.

Loan Processor

Sentry Bank

Saint Joseph, MN • On-site

$22/hr

Other

Posted 4 days ago

Job description

Join our Sentry Bank team!


Sentry Bank is looking to hire a full-time Loan Processor at our St. Joseph location.


Hours will be Monday-Friday, 8am-4:30pm.


Pay range starts at $22/hr, but compensation is higher with more experience.


Summary

The loan processor is responsible for creating and processing loan documents and payments, while maintaining files with state, FDIC, and compliance requirements.


Duties

  • Prepare and review loan documents for all fields: commercial, consumer, secondary market, etc.
  • Correct non-posts
  • Maintain ticklers
  • Verify work of other loan processors
  • Maintain loan files and paperwork
  • Do daily and monthly balancing and reporting for serviced loans
  • Process loan payments
  • Prepare daily loan reports
  • Assist customers with loan questions
  • Put new loans on the system
  • Perform all preliminary work for loans, LEs, flood certificates, order title, appraisals, etc.
  • Periodic responsibilities include constructing board packets, charge-off balancing, verifying and maintain holds that pertain to collateral, and maintain items in collateral vault


Education/Experience

  • High school diploma or equivalent required
  • Loan processing or Banking experience required
  • LaserPro experience preferred
  • Exceptional customer service skills
  • Strong communication and computer skills
  • Detail oriented, high degree of accuracy


Sentry Bank is an equal opportunity employer.

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