Loan Processor

Park State Bank • Hibbing, MN

3d • $22 - $24 • Onsite

About The Position

The Loan Processor works 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 role ensures loan documentation is accurate, complete, compliant, 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 position is based in an indoor office setting and may be located in one of Park State Bank’s listed markets: NEMN, Duluth/North Shore, or Minneapolis. The description notes that only one position is being hired, although it is posted in multiple markets. The employee may need to work extended hours or travel to branch locations, handle deadlines and changing priorities, and maintain confidentiality of sensitive information.

Requirements

• High school diploma or GED.
• At least 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.
• 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 environment.
• Proactive, self-motivated approach, 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.
• Effective problem-solving and decision-making skills.
• Ability to work independently and collaboratively as part of a team.
• Adaptability and willingness 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.
• Ability to maintain the confidentiality of customer and Bank information.
• Ability to work extended hours or travel to branch locations.
• Ability to exert up to 20 pounds of force frequently and remain stationary for 50% of the time, with occasional movement around the office.
• Ability to operate a computer and other office productivity equipment and exchange accurate information orally and in writing in 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 on time, and process proceeds through checks, wire transfers, loan payoffs, and deposits to Bank accounts.
• Perfect and maintain the Bank’s security interest in collateral by completing lien, UCC, title, and other collateral-related documentation.
• 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 to address 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.
• Identify and recommend improvements to loan processing workflows, procedures, technology use, and department efficiency.
• Execute Rocks and To-Dos in a timely manner and actively participate in L10 meetings.

What This Job Offers

• Job Type: Full-time
• Education Level: High school or GED