Loan Processor

Park State Bank•Grand Rapids, MN

8d•$22 - $24•Onsite

About The Position

The Loan Processor plays a key role in the Credit Administration department, partnering with lenders, credit analysts, and other Bank departments to prepare and process consumer and commercial loans from documentation through closing and post-closing. The position ensures loan documentation is accurate, complete, compliant, properly authorized, and consistent with approved loan terms and Bank policies. The Loan Processor uses available technology, including AI-assisted tools, to support accuracy, efficiency, communication, and continuous process improvement. The role involves working in a fast-paced indoor office environment, handling dynamic situations while maintaining composure and precision. The employee must protect the confidentiality of sensitive information and may need to work extended hours or travel to branch locations. The job posting lists office markets in northeastern Minnesota, Duluth/North Shore, and Minneapolis; it notes that only one position is being hired for across these markets.

Requirements

A high school diploma or GED is required.
A minimum of 3 to 5 years of banking, lending, loan processing, or related financial services experience, or an associate degree in business, finance, or a related field.
Proficiency with Microsoft Office applications is required.
Strong written and verbal communication skills.
Exceptional attention to detail and commitment to accuracy.
Strong organizational and time-management skills, including the ability to manage multiple priorities, meet deadlines, and work accurately in a fast-paced, high-pressure environment.
Proactive and self-motivated, with the ability to anticipate needs, take ownership, and follow tasks through to completion.
Strong follow-up skills and ability to monitor outstanding items, reports, and deadlines without frequent reminders.
Effective problem-solving and decision-making skills.
Ability to work independently and collaborate effectively with a team.
Adaptability and ability to learn and implement new processes, procedures, systems, and technology.
Continuous-learning mindset and willingness to adjust work practices as business needs and processes evolve.
Comfort using technology and AI-assisted tools to support efficiency and productivity.
Ability to maintain the confidentiality of customer and Bank information.
Ability to work extended hours or travel to branch locations as needed.
Ability to meet deadlines, multitask, and prioritize effectively.
Ability to remain stationary for 50% of the time and occasionally move around the office to access files and equipment.
Ability to exert up to 20 pounds of force frequently, or a negligible amount of force constantly to move objects.
Ability to operate a computer and other office productivity equipment constantly.
Ability to communicate frequently with employees, customers, and vendors and exchange accurate information orally and in written English.

Nice To Haves

Experience with Microsoft Copilot or other AI-assisted productivity tools.

Responsibilities

Prepare and review documentation for consumer and commercial loan originations, renewals, and modifications, including real estate, non-real estate, HELOC, and participation loans.
Ensure loan documentation is accurate, complete, consistent with approved loan terms, and properly authorized before client signature.
Coordinate loan and collateral documentation, including flood determinations, title work, UCC searches, and other third-party services; work with lead or participating banks, lenders, and other parties to obtain required documentation and resolve outstanding items.
Upload loans to the Bank’s core system accurately and promptly, and process loan proceeds using appropriate methods such as checks, wire transfers, loan payoffs, and deposits to Bank accounts.
Perfect and maintain the Bank’s security interest in collateral by completing required lien, UCC, title, and other collateral documentation, and track outstanding collateral and post-closing items through completion.
Maintain complete, organized loan records, prepare documentation for imaging and record retention, and maintain applicable processing logs, filing fee records, and supporting documentation.
Communicate with lenders, internal teams, participating institutions, and other parties about documentation needs, outstanding items, and processing questions.
Use technology and AI-assisted tools responsibly to improve accuracy, efficiency, communication, research, and workflow while maintaining appropriate review, confidentiality, and information security standards.
Identify and recommend opportunities to improve loan-processing workflows, procedures, technology use, and department efficiency.
Complete Rocks and To-Dos on time, participate actively in L10 meetings, demonstrate the Bank’s Core Values, and adhere to bank policies and procedures.