Loan Processor: AI-Driven Closings & Compliance

Park State Bank; Virginia (MN); On-site; USD 30,000 - 33,000; Full time

Job summary

Park State Bank in Virginia, Minnesota seeks a Loan Processor to join the Credit Administration team. You will prepare and process consumer and commercial loans from documentation through closing, ensuring accuracy, completeness, and compliance with loan terms and Bank policies.

You will work with lenders, credit analysts, and other departments to obtain required items, while using AI-assisted tools to improve efficiency and security.

Qualifications

• Minimum 3–5 years banking, lending, loan processing experience.
• Proficiency with Microsoft Office; AI tools a plus.
• Strong attention to accuracy and regulatory/compliance awareness.
• Willingness to travel to branches and work extended hours if needed.

Responsibilities

• Prepare and review loan documentation for consumer and commercial loans from origination to closing and post-closing.
• Coordinate required loan and collateral documentation with lenders, title work, and third-party services.
• Upload loans to core system and process loan proceeds (checks, wires, payoffs, deposits).
• Maintain lien, UCC, title and collateral documentation; track post-closing items.

Skills

Strong written and verbal comms

Attention to detail

Organizational and time-management

Problem solving

Independent and team collaboration

Adaptability and learning new tech

Confidentiality

Education

High school diploma or GED

Associate degree in business/finance or related field

Tools

Microsoft Office

Microsoft Copilot

AI productivity tools

Job description

Park State Bank in Virginia, Minnesota seeks a Loan Processor to join the Credit Administration team. You will prepare and process consumer and commercial loans from documentation through closing, ensuring accuracy, completeness, and compliance with loan terms and Bank policies.

You will work with lenders, credit analysts, and other departments to obtain required items, while using AI-assisted tools to improve efficiency and security.