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Loan Specialist I

General Duty Statement
Performs full-performance technical work processing, evaluating, and recommending approval for home mortgage applications for owner-occupied dwellings. Reviews and evaluates applications and interviews applicants to obtain financial and credit information. Explains program components to prospective clients. Provides information to rehabilitation advisors for inspection and contract bid use. Assists in reviewing bids and preparing and submitting loan packages. Arranges closing, transmits closed loans and home mortgages to appropriate agencies. Maintains records and prepares reports regarding loan activity. Performs other related duties and responsibilities as required.
Information Specific to this Position: 
The City of Saint Paul's Department of Planning and Economic Development is seeking a Loan Specialist I to join a team that has experience and is passionate about meeting the housing needs of low and moderate-income households to ensure access to quality housing for all Saint Paul residents. The loan specialist will provide down-payment assistance loans to prospective homebuyers, loans to improve property condition and to address urgent health and safety concerns of current homeowners, and other resources to support low and moderate-income Saint Paul residents.
Primary Responsibilities: 
  • Provides housing information directly to individuals and families to help them obtain housing resources
  • Assists with loan intake and initial request for service
  • Conducts application interviews 
  • Assists with coordination of the lending process
  • Gathers documentation to complete loans
  • Assists with income calculation and determining eligibility based on federal program guidelines
About the Department of Planning and Economic Development:
The Department of Planning and Economic Development (PED) builds community wealth through business, housing, jobs, planning, financial and cultural assets. To achieve this mission the department administers a variety of planning, housing, business and economic development activities. These activities support a number of community initiatives and also provide direct benefits to home owners, home buyers, renters and businesses
Essential Functions are the functions that the individual holding the position must be able to perform unaided or with the assistance of a reasonable accommodation. The Essential Functions for this position are identified in the Supplemental Information section of the Loan Specialist I Job Description.
The City of Saint Paul’s mission is to integrate equity and inclusion into how we approach all our work. Our vision is to be committed to building an equitable and inclusive city that will shift culture in city processes and policies, eliminate structural inequities, and ensure timely and relevant access to services, resources, support, and opportunity to every person in Saint Paul.
High School Diploma or General Education Development (GED) Certificate and fifteen (15) college semester credits in real estate, housing, or financial management courses acceptable toward an Associate Degree's in Financial Management, Real Estate and Appraisal, or a related field.
Must have one (1) year of experience as a Loan Assistant or equivalent or as a loan officer in a bank or lending agency. Each additional year of qualifying experience may be substituted for five (5) college semester credits. 
Must possess and maintain a valid Minnesota Class D Driver's License, or equivalent out-of-state driver's license. 

Preferred Qualifications: 
  • Experience working with federal funding
  • Experience working for a non-profit lender or other governmental entity
  • Experience working with residents from diverse backgrounds, and with a variety of support needs
By Closing Date, you MUST
  1. Submit a City of Saint Paul online application, including answers to the Supplemental Questionnaire.
  2. Upload or submit the following required document(s) via the online application system, mail, in person, email, or fax. (Zip files and web links will not be accepted. Each uploaded attachment is limited to 10MB.) 
  3. A legible copy of your proof of education (ex. transcript) if using education to qualify, and
  4. A resume (optional)
First time applying online? Read our How to Apply Online Guide.

Not sure how the City of Saint Paul's hiring process works? Attend one of our Elevate sessions. The schedule is available at
Selection Process Information
Qualifications Rating: The Qualifications Rating is an assessment of your completed application and answers to Supplemental Questionnaire. Be as specific and detailed as possible in completing your application and questionnaire. You must submit your completed application and supplemental questionnaire by the application deadline.


Open Job Posting: This posting is open to anyone who meets the position requirements.

Eligible Lists created from Open Job Posting: This job posting is open to anyone who meets the position requirements. Non-promotion eligible lists typically are pass/fail and promotion eligible lists are typically ranked. Those who pass the assessment will be placed on an eligible list for approximately one year. If the open eligible list created contains a veteran, one open list will exist. When there are no veterans remaining on the eligible list (i.e. hired, withdrawn) from an open list that also contains promotional candidates, two lists will be created: one open list and one promotion list. If two lists exist, the promotion list must be exhausted before the open list is considered.

Final Selection Process: You must receive a score of 75% or higher to pass the assessment and be considered for the position. Those who pass will be placed on an eligible list and all will be notified of their status. A Hiring Manager will consider those applicants eligible for hire. You will be notified if you are invited to participate in the final selection process which may include an interview, job simulation, work sample submission, or other evaluation method. 
Condition of Employment: This position will require proof of vaccination and an attestation of vaccination for COVID-19. This position requires a driver’s license check, and a background check which may include criminal history, and employment history as a condition of employment. Candidates will be required to submit proof of education to Human Resources upon conditional job offer. The City of Saint Paul encourages individuals to apply for positions regardless of criminal history.
Human Resources Contact Information: 
Nastassia Leigh at 651-266-6476
200 City Hall Annex
25 West Fourth Street
Saint Paul, MN 55102
Fax: 651-266-6490
To refer to this information, we recommend you print this job posting before you apply. For technical assistance regarding the online application, please call 1-855-524-5627 during regular business hours.

Veteran’s Preference: If you are a veteran and would like to receive Veteran’s preference in accordance with MN Statute 197.455, you must submit a photocopy of your DD214 preferably at time of application. Click here for more information.
Veteran’s Preference for Promotional or Internal Candidates: If you are a disabled veteran and would like to receive Veteran’s preference in accordance with MN Statutes 197.455 you must submit a photocopy of your DD214 and confirmation from the Veterans Administration of a permanent service-connected disability rated at fifty percent (50%) or more preferably at time of application. Click here for more information.

The City of Saint Paul is an equal opportunity/affirmative action employer. Veterans, women, persons of color, members of the LGBTQ community, and individuals with disabilities are strongly encouraged to apply.