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Loan Processor Jobs in Mankato, MN (NOW HIRING)

CCFBank

Commercial Loan Operations

Mankato, MN · On-site

$24 - $28/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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 ...

CCFBank

Commercial Loan Operations

Mankato, MN · On-site

$24 - $28/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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 ...

Citizens Community Federal

Commercial Loan Operations

Mankato, MN · On-site

$24 - $28/hr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

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 ...

Huntington

Mortgage Loan Officer - Mankato, MN

Mankato, MN · Hybrid

$10 - $11.54/hr

  • Medical

  • Life

  • Retirement

  • PTO

The Mortgage Loan Officer - Retail position provides Simply the Best customer service to each customer at all times. Responsibilities include using internal and external referral sources to develop ...

Huntington

Mortgage Loan Officer - Mankato, MN

Mankato, MN · Hybrid

$10 - $11.54/hr

  • Medical

  • Life

  • Retirement

  • PTO

The Mortgage Loan Officer - Retail position provides Simply the Best customer service to each customer at all times. Responsibilities include using internal and external referral sources to develop ...

Huntington

Mortgage Loan Officer - Mankato, MN

Mankato, MN · Hybrid

$10 - $11.54/hr

  • Medical

  • Life

  • Retirement

  • PTO

The Mortgage Loan Officer - Retail position provides Simply the Best customer service to each customer at all times. Responsibilities include using internal and external referral sources to develop ...

Compeer Financial

Closing Coordinator

Mankato, MN · Hybrid

Familiarity with loan processes, legal descriptions, and/or title documents. * Background in agriculture and/or finance, is preferred. * Notary Public or willingness to obtain certification within ...

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All JobsLoan Processor JobsLoan Processor Jobs in Mankato, MN

Loan Processor information

See Mankato, MN salary details

$13

$21

$30

How much do loan processor jobs pay per hour?

As of Aug 16, 2026, the average hourly pay for loan processor in Mankato, MN is $21.12, according to ZipRecruiter salary data. Most workers in this role earn between $17.88 and $23.85 per hour, depending on experience, location, and employer.

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.

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 some roles may require in-office presence for document verification or meetings. Availability depends on the employer's policies and the specific job requirements.

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 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 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 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.

More about Loan Processor jobs

What are the most commonly searched types of Loan Processor jobs in Mankato, MN?

The most popular types of Loan Processor jobs in Mankato, MN are:

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

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The top searched job categories for Loan Processor jobs in Mankato, MN are:

What cities near Mankato, MN are hiring for Loan Processor jobs?

Cities near Mankato, MN with the most Loan Processor job openings:

Loan Processor jobs near you
Infographic showing various Loan Processor job openings in Mankato, MN as of August 2026, with employment types broken down into 100% Full Time. Highlights an 80% In-person, and 20% Remote job distribution, with an average salary of $43,922 per year, or $21.1 per hour.

Commercial Loan Operations

CCFBank

Mankato, MN • On-site

$24 - $28/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 16 days ago

Job description

Join our team and play a critical role in delivering exceptional commercial lending support from approval through closing and funding.
We are seeking a detail-oriented and highly organized person for our Commercial Loan Operationsposition to support the documentation, closing, funding, and servicing of commercial loans. 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, efficiently, and in compliance with bank policies and regulatory requirements.
What You'll Do
Loan Coordination
  • Input and maintain loan data in the bank's loan origination and documentation systems, including Baker Hill or other applicable platforms.
  • Order, collect, and review required third-party due diligence items, including appraisals, property tax bills, title insurance, flood determinations and coverage, UCC searches and filings, environmental reports, equipment appraisals, and motor vehicle filings as applicable.
  • Obtain and verify supporting documentation needed to protect the bank's security interest, including insurance, purchase agreements, invoices, vehicle titles, serial numbers, VINs, legal descriptions, appraisal reviews, equipment information, and entity-related information, per CCF standard requirements.
  • Prepare and review settlement statements, payoff information, wire and disbursement details, and pre-close review items to ensure files are complete and accurate before closing.
  • Coordinate appraisal notices, appraisal receipt or waiver documentation, adverse action requirements, covenant waivers, HMDA reporting inputs, OFAC screening, and CLEAR/CCAP searches, as applicable.
  • Monitor timelines and follow up on outstanding items to support efficient movement of loans from approval through closing.

Closing, Funding & Loan Booking
  • Prepare commercial loan documents and modification documents for all commercial loan types in accordance with approval terms, collateral requirements, internal standards, policies, and applicable regulatory requirements.
  • Conduct verification and second-review procedures to confirm documentation accuracy, legal sufficiency, and readiness for closing.
  • Coordinate closings with internal stakeholders and external parties, including attorneys, title companies, and borrowers, to facilitate timely execution.
  • Book approved transactions accurately to the core system and process funding, disbursements, related fees, document uploads, and applicable system updates.
  • Send final documents to the appropriate parties, complete imaging and file retention steps, route post-closing documentation for processing, and track outstanding exceptions such as final title policies, recorded documents, and post-UCC searches.
  • Support ongoing servicing-related documentation, including payoffs, auto-renew timing, post-close actions, and exception resolution as needed.

Communication & Compliance
  • Serve as a point of contact for lenders, credit staff, borrowers, attorneys, title companies, and third-party vendors regarding documentation needs, loan status, closing conditions, final closing dates, and follow-up items.
  • Ensure loan files meet internal approval requirements, appropriate authority levels, documentation standards, legal requirements, regulatory requirements, bank policy requirements, and applicable state and federal banking laws prior to funding and booking.
  • Maintain complete, organized, and audit-ready loan files and processing logs.
  • Escalate documentation, collateral, compliance, or timing issues promptly to the appropriate leader or lender for resolution.
  • Researches and responds to customer, banker and other internal inquiries.
  • Creates, maintains, and updates SOPs as requested.
  • Performs other duties as assigned.

Must haves:
  • Associate's degree in accounting, finance, economics or related field.
    • Note: Two (2) years of directly related experience may be considered in lieu of the Associate's degree.
  • Two (2) years of experience in the financial services industry.
  • Two (2) years of experience working in loan processing.

What's in it for you?
  • Full Time, 40 hours per week.
  • Monday - Friday work week
  • Competitive pay ranging from $24 - $28/hour (may vary based on experience).
  • Eligible for annual incentive based upon company performance and goals.

Perks:
  • Health, Vision & Dental Plans
  • Health Savings Account (HSA) with CCF Contributions
  • Employer Paid Life Insurance and Long Term Disability Plans
  • Voluntary Life Insurance and Short Term Disability Plans
  • Accident, Critical Illness, and Hospital Indemnity Plans
  • Benefits Care Advocate
  • Flexible Spending Account
  • Health Reimbursement Arrangement (HRA)
  • 401K Retirement Plan and Company Match
  • Paid Time Off and Paid Holidays
  • Time Off for Bereavement Leave, Parental Leave, and Voting
  • Paid Time Off Donation
  • Paid Time Off Cash Out
  • Company-Wide Wellness Program
  • Employee Assistance Program (EAP)
  • Colleague Referral Program
  • Education Reimbursement Program
  • Career Planning
  • Hybrid Work Arrangements, depending on position
  • 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.
What can you expect from us?
At CCFBank you are more than just a number, you are a partner to our team. We are dedicated to investing in our colleagues and providing them with tools they need to grow and develop their careers.
We prioritize the needs of our community by allocating resources and encouraging colleague involvement across the regions we operate in. We are proud to be a part of our local communities, and we look forward to continuing to support and serve them.
Learn more here about how we make more possible: https://ccf.us/careers/
Ready to be part of our financial family? Apply online at ccf.us!
If you need assistance applying, contact us at HR@ccf.us and we will attempt to meet your needs.
In evaluating candidates for this position, CCFBank may consider a combination of education, training, and experience which provides the necessary knowledge, skills, and abilities to perform the duties of this position.
CCFBank is committed to fostering and cultivating an inclusive and diverse culture and we are proud to be an Equal Opportunity Employer, including disability and veterans.
Salary Description
$24-$28 per hour
CCFBank logo

About CCFBank

Sourced by ZipRecruiter

Industry

Commercial banking

Company size

201 - 500 Employees

Headquarters location

Eau Claire, WI, US

Year founded

1938

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