Loan Operations Associate — Servicing & Compliance

MidCountry Bank; BLOOMINGTON (MN); On-site; USD 29,000 - 33,000; Full time

Benefits offered by this job

Health Insurance

Employer matched 401(k)

Life Insurance

Paid Time Off

Job summary

MidCountry Bank in Bloomington, MN is seeking a Loan Operations Specialist 1 to manage loan and lease operations. The role ensures proper documentation, booking, funding, and servicing in compliance with regulations and bank policies.

The position includes insurance tracking, lien releases, and daily payment processing. Ideal candidates have 2-year college or tech degree (or equivalent experience) and 1+ year of general office experience.

Qualifications

• Education: 2-year college or tech degree, or equivalent experience.
• Education: Bachelor’s degree or equivalent experience.

Responsibilities

• Create and maintain original loan and lease files with proper records per retention guidelines.
• Process insurance tracking for loan collateral and renewal policies.
• Perfect collateral and follow up on recorded documents per policy.
• Process paid loans and leases including release of collateral and document retention/destruction.
• Prepare lien release/satisfaction forms within regulatory guidelines for paid loans.
• Process ticklers and maintain core system updates.
• Update daily rate spec changes in core systems.
• Handle daily loan and lease payments and resolve non-post transactions.
• Coordinate resolutions for internal and external customers and monitor compliance requirements.
• Assist with special projects as needed by department leadership.

Education

2-year College/Tech Degree or equivalent experience

Bachelor’s Degree or equivalent experience

Job description

MidCountry Bank in Bloomington, MN is seeking a Loan Operations Specialist 1 to manage loan and lease operations. The role ensures proper documentation, booking, funding, and servicing in compliance with regulations and bank policies.

The position includes insurance tracking, lien releases, and daily payment processing. Ideal candidates have 2-year college or tech degree (or equivalent experience) and 1+ year of general office experience.