Loan Processor: Precision, Compliance & AI-Supported Ops

Park State Bank; Grand Rapids (MN); On-site; USD 50,000 - 70,000; Full time

Job summary

Park State Bank in Minnesota seeks a Loan Processor to join the Credit Administration team. The role spans from documentation to closing, ensuring accuracy, compliance, and timely processing of consumer and commercial loans.

AI-assisted tools will support accuracy, efficiency, and communication. The position requires coordinating collateral documentation, flood determinations, UCC searches, and maintaining meticulous loan records.

Qualifications

• 3 to 5 years banking, lending, loan processing experience or related field.
• Proficiency with Microsoft Office; experience with AI-assisted productivity tools is a plus.

Responsibilities

• Prepare and review loan documentation for consumer and commercial loan originations, renewals, and modifications.
• Coordinate required loan and collateral documentation with lenders, title work, UCC searches and third parties.
• Upload loans to the core system and process loan proceeds via checks, wires, and deposits.
• Perfect and maintain security interests in collateral and track post-closing items.
• Maintain organized loan records and processing logs and supporting documentation.
• Communicate with lenders and teams to address documentation needs and outstanding items.
• Use AI-assisted tools to improve accuracy, efficiency, and workflow while ensuring confidentiality.
• Identify opportunities for continuous improvement in loan processing workflows and technology.

Skills

Communication

Attention to detail

Time management

Organizational skills

Independent worker

Problem solving

Confidentiality

Adaptability

Education

High school diploma or GED

Associate degree in business/finance or related field

Tools

Microsoft Office

AI productivity tools (Copilot)

Job description

Park State Bank in Minnesota seeks a Loan Processor to join the Credit Administration team. The role spans from documentation to closing, ensuring accuracy, compliance, and timely processing of consumer and commercial loans.

AI-assisted tools will support accuracy, efficiency, and communication. The position requires coordinating collateral documentation, flood determinations, UCC searches, and maintaining meticulous loan records.