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Loan Processor Jobs in Minnesota (NOW HIRING)

Pyramid Consulting

Loan Processor

Richfield, MN · On-site

$19.50 - $26/hr

Loan Processor Immediate need for a talented Loan Processor with experience in the Banking and Financial Industry. This is a 12+ Months Contract opportunity with long-term potential and is located in ...

Pyramid Corporation

Loan Processor

Richfield, MN · On-site

$19.50 - $26/hr

Loan Processor Immediate need for a talented Loan Processor with experience in the Banking and Financial Industry. This is a 12+ Months Contract opportunity with long-term potential and is located in ...

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 ...

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 ...

SERVION INC

Mortgage Loan Processor

New Brighton, MN · On-site

$21.89 - $27.11/hr

The Mortgage Loan Processor is responsible for performing a wide range of administrative duties related to the timely and accurate processing of residential first mortgage loans. This role involves ...

SERVION INC

Mortgage Loan Processor

New Brighton, MN · On-site

$21.89 - $27.11/hr

The Mortgage Loan Processor is responsible for performing a wide range of administrative duties related to the timely and accurate processing of residential first mortgage loans. This role involves ...

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 ...

New

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 ...

New

Compeer Financial

Loan Processor Ag Lending

Rochester, MN

$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 ...

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

Red Wing, MN · On-site

$40K - $55K/yr

Mortgage Loan Processor 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 ...

Merchants Bank

Mortgage Loan Processor I

Cottage Grove, MN · On-site

$41K - $57K/yr

Mortgage Loan Processor 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 ...

Merchants Bank

Mortgage Loan Processor I

Rochester, MN · On-site

$40K - $55K/yr

Mortgage Loan Processor 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 ...

Merchants Bank

Mortgage Loan Processor I

Lakeville, MN · On-site

$41K - $57K/yr

Mortgage Loan Processor 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 ...

Merchants Bank

Mortgage Loan Processor I

Rosemount, MN · On-site

$40K - $56K/yr

Mortgage Loan Processor 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 ...

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All JobsLoan Processor JobsLoan Processor Jobs in Minnesota

Loan Processor information

See Minnesota salary details

$13

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$30

How much do loan processor jobs pay per hour?

As of Aug 28, 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:

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

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:

What cities in Minnesota are hiring for Loan Processor jobs?

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

Pyramid Consulting

Richfield, MN • On-site

$19.50 - $26/hr

Other

Re-posted 22 days ago

Job description

Loan Processor

Immediate need for a talented Loan Processor with experience in the Banking and Financial Industry. This is a 12+ Months Contract opportunity with long-term potential and is located in Richfield, MN.

Please review the job description below.

Key Requirements and Technology Experience:

  • Orders all items necessary for loan file, i.e., insurance, flood certificates, good standings, title policies if necessary.
  • Writes correspondence letters to borrowers, escrows/attorneys, title companies, insurance companies, etc.
  • Works closely with title and attorneys and escrow companies to close deals efficiently and timely.
  • Reviews preliminary title reports/title commitments.
  • Prepares loan files for funding and boarding.
  • Continually follows-up with Business Development Officers to ensure clean and efficient loan closings.
  • Follows-up with loan officers regarding completeness of loan conditions.
  • Coordinates multiple files for closing concurrently, or within a short period of time.
  • To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Associate's degree (A.A.) or equivalent from two-year college or technical school; or six months to one year related experience and/or training; or equivalent combination of education and experience.
  • Ability to read and comprehend simple instructions, short correspondence and memos.
  • Ability to write simple correspondence and e-mails with proper grammar and sentence structure.
  • Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
  • Ability to apply common sense understanding to carry out instructions furnished in written, oral or diagram form.

Our client is a leading Banking and Financial Industry and we are currently interviewing to fill this and other similar contract positions. If you are interested in this position, please apply online for immediate consideration.

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