Loan Specialist Salary in Minneapolis, MN

A Loan Specialist in Minneapolis, MN, earns an average yearly salary of $99,064. This figure provides a good overview of what one might expect to earn in this role. Salaries can vary based on experience, skills, and the specific employer. Some Loan Specialists earn less, while others earn more, depending on these factors.

The salary range for Loan Specialists in Minneapolis, MN, shows a broad spread. The lowest 25% earn around $34,620, while the highest 25% earn over $152,100. This range highlights the potential for growth and advancement in the field. With more experience and skills, a Loan Specialist can move up the salary scale. Factors like education, certifications, and performance can also influence earnings.

1. Edina, MN
   Average Salary: $113,726
   In Edina, you can find rewarding roles in financial institutions. Companies like U.S. Bank and Wells Fargo offer opportunities to help clients with their mortgage and loan needs. The area is known for its professional environment and strong community support.
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2. Saint Paul, MN
   Average Salary: $77,943
   Saint Paul provides a dynamic setting for those in the lending industry. With major banks such as Bank of America and Capital One, you can work on various types of loans. The city's vibrant culture and excellent public transport make it a great place to live and work.
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3. Apple Valley, MN
   Average Salary: $62,857
   Apple Valley offers a mix of suburban charm and professional opportunities. Local credit unions and financial firms provide roles that focus on personal and business loans. The community is friendly, and the cost of living is reasonable.
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4. Minnetonka, MN
   Average Salary: $42,828
   Minnetonka is a great place for those in the finance sector. The city is home to many financial institutions, including TCF Bank and Bremer Bank. Working here means you'll be part of a supportive community with a focus on quality customer service.
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5. Plymouth, MN
   Average Salary: $35,690
   Plymouth offers a variety of roles in the financial industry. Companies like U.S. Bank and Bremer Bank are looking for skilled professionals. The city's suburban feel and excellent schools make it a desirable place to live and work.
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1. Wells Fargo
   Average Salary: $156,512
   Wells Fargo offers Loan Specialist jobs with a focus on various types of loans. They have multiple branches in Minneapolis, including downtown and Uptown. Employees enjoy a comprehensive benefits package and opportunities for career growth.
   

   
   

2. U.S. Bank
   Average Salary: $110,476
   U.S. Bank provides Loan Specialist jobs in Minneapolis, with locations in downtown and other key areas. They offer a competitive salary and benefits, along with a supportive work environment. Employees work on a variety of loan products, from personal to commercial loans.
   

   
   

3. Satori Mortgage
   Average Salary: $63,300
   Satori Mortgage offers Loan Specialist jobs in Minneapolis, focusing on mortgage lending. They have a branch in downtown Minneapolis. Employees work closely with clients to provide personalized mortgage solutions. The company values teamwork and professional development.
   

   
   

4. Center For Energy And Environment
   Average Salary: $52,500
   The Center For Energy And Environment offers Loan Specialist jobs in Minneapolis, with a focus on green loans and sustainable financing. They operate in downtown Minneapolis. Employees support clients in obtaining loans for energy-efficient projects. The company promotes a culture of innovation and environmental responsibility.
   

   
   

5. Mutual of Omaha Mortgage
   Average Salary: $34,620
   Mutual of Omaha Mortgage provides Loan Specialist jobs in Minneapolis, focusing on mortgage lending. They have a branch in downtown Minneapolis. Employees assist clients with mortgage applications and provide guidance throughout the loan process. The company offers a supportive work environment and opportunities for advancement.
   

1. Compliance Officer
   Average Salary: $185,705
   This role ensures that financial operations meet legal standards. They work closely with loan officers to review loan applications. Companies like U.S. Bank and Wells Fargo in Minneapolis offer this opportunity.
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2. Commercial Loan Officer
   Average Salary: $123,908
   They assess and approve loans for businesses. This role involves analyzing financial statements and credit reports. Banks such as U.S. Bank and Fifth Third Bank in Minneapolis hire for this position.
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3. Portfolio Manager
   Average Salary: $121,554
   They manage a collection of investments for clients. This role requires analyzing market trends and making investment decisions. Companies like Fidelity and Vanguard in Minneapolis offer this job.
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4. Risk Analyst
   Average Salary: $105,199
   They evaluate potential risks in financial transactions. This role involves analyzing data and making recommendations. Banks like U.S. Bank and Wells Fargo in Minneapolis hire for this position.
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5. Underwriter
   Average Salary: $103,666
   They assess the risk of lending money. This role involves reviewing loan applications and making decisions. Companies like U.S. Bank and Fifth Third Bank in Minneapolis offer this job.
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6. Credit Analyst
   Average Salary: $102,193
   They analyze the creditworthiness of borrowers. This role involves reviewing financial statements and credit reports. Banks such as U.S. Bank and Wells Fargo in Minneapolis hire for this position.
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7. Consumer Banker
   Average Salary: $101,644
   They help customers with personal banking needs. This role involves providing financial advice and services. Companies like U.S. Bank and Wells Fargo in Minneapolis offer this job.
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8. Sales Specialist
   Average Salary: $99,616
   They sell financial products and services. This role involves meeting with clients and understanding their needs. Companies like U.S. Bank and Fifth Third Bank in Minneapolis hire for this position.
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9. Credit Counselor
   Average Salary: $94,012
   They help clients manage their debt. This role involves providing financial advice and creating repayment plans. Nonprofits and banks in Minneapolis offer this job.
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10. Fraud Analyst
    Average Salary: $91,532
    They detect and prevent fraudulent activities. This role involves reviewing financial transactions and identifying suspicious activity. Banks like U.S. Bank and Wells Fargo in Minneapolis hire for this position.
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