Compeer Financial · 3 weeks ago
Loan Processor
Mankato, MN
Full-time
Hybrid
New Grad, Entry Level
$41K/yr - $65K/yrCompeer Financial is a member-owned cooperative located in Illinois, Minnesota and Wisconsin, dedicated to providing financial services to support agriculture and rural communities. The Loan Processor will facilitate the client journey through the processing of PCA loans, serving as a point of contact and ensuring high levels of service throughout the loan life cycle.
FinanceFinancial ServicesRentalRisk Management
No H1B
Responsibilities
Facilitates the client journey through the processing of new PCA loans, including all aspects of product delivery before, during and after closing
Serves as a client point of contact, establishing strong relationships through exceptional levels of service
Maintains a high degree of accountability throughout the loan life cycle, including aggregating and organizing all loan documentation, retaining accurate and complete electronic files, completing loan due diligence tasks, preparing loans for booking and completing post-close activities
Collaborates with the Sales Team across all Compeer locations to obtain pre-qualification information, including gathering prospect or client information (e.g. drivers’ licenses, financials, information pertaining to scope of operations, and entity documentation) necessary to qualify a loan opportunity
Works proactively with Sales across regions in order to meet tight deadlines
Prepares accurate operating and term loan documents for new loans, from the point of loan application through loan finalizing to include monitoring of closing conditions, ensuring accuracy
Serves as the Deal Champion on all submitted loans by having a broad working knowledge of Association processes and policy
Assists in following Territorial Concurrence procedures, ensuring compliance with regulations
Ensures accuracy of loan pricing and fees and document any exception approvals; prepares rate lock agreement and monitor closing deadlines
Completes loan verification requirements related to loan documents, reviews entity and trust documentation and ensures compliance with applicable regulations
Partners with respective parties to ensure loan conditions are satisfied
Provides back up support to office location, as needed, in order to meet client needs. This includes but is not limited to coverage during business hours
Approves money movement and books loans
Uses thorough understanding of chattel collateral, following up on UCC terminations or other lien releases, obtaining vehicle titles, and ensuring first lien position
Obtains assignment of indemnity as required for insurance
Maintains accuracy of the chattel tracking system and coordinate with teammates to enhance the client experience
Maintains understanding of and ensures compliance with all regulations and procedures associated with loan closing
Qualification
Required
High school diploma or GED
Entry-level experience in loan processing or similar role
Demonstrated understanding of collateral and perfecting liens
Keen eye for detail, which ensures accuracy and compliance in all loan documentation and processing steps
Strong communication skills and ability to effectively serve as a liaison between internal and external parties
Proficient in Windows environment using Microsoft Word, Excel and Outlook and ability to learn/use new systems (e.g. loan origination), applications and other related technology products
Benefits
Hybrid model – up to 50% work from home
Flexible schedules including ample flexibility in the summer months
Up to 9% towards 401k (3% fixed Compeer contribution plus up to 6% match)
Benefits: medical, dental, vision, HSA/FSA, life & AD&D insurance, short-term and long-term disability, wellness program & EAP
Vacation, sick leave, holidays/floating holidays, parental leave, and volunteer paid time off
Learning and development programs
Mentorship programs
Cross-functional committee opportunities (i.e. Inclusion Council, emerging professional groups, etc.)
Professional membership/certification reimbursement and more!
Company
Compeer Financial
Compeer Financial offers loan, rental, risk management, and other financial services to 144 counties in Illinois, Minnesota, and Wisconsin.
Founded in 1916
1001-5000 employees
Funding
Current Stage
Late StageTotal Funding
$300M2025-11-20Undisclosed· $300M
Leadership Team
Jase Wagner
Chief Executive Officer
Jim Roberge
Chief Diversified Markets Officer
Recent News
globallegalchronicle.com
2025-12-02
Business Wire
2025-11-14
Twin Cities Business
2025-10-22
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