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Director Of Loan Operations Jobs (NOW HIRING)

Senior Loan Processor

Whitewater, WI ยท On-site

$60 - $80/hr

The ideal candidate will possess strong knowledge of loan operations, exceptional attention to detail, and the ability to manage multiple priorities in a fast-paced environment. This individual will ...

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Director Of Loan Operations information

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$34K

$107.7K

$179.5K

How much do director of loan operations jobs pay per year?

As of Sep 6, 2026, the average yearly pay for director of loan operations in the United States is $107,680.00, according to ZipRecruiter salary data. Most workers in this role earn between $75,500.00 and $135,500.00 per year, depending on experience, location, and employer.

What does a director of loan operations do?

A Director of Loan Operations oversees the daily functioning and strategic management of a financial institution's loan processing department. They are responsible for ensuring that all loan applications and documentation are processed efficiently and in compliance with regulations. This role involves supervising staff, implementing policies, improving workflows, and coordinating with other departments to optimize the lending process. Their goal is to ensure accuracy, mitigate risks, and enhance the customer experience throughout the loan lifecycle.

How does a director of loan operations typically collaborate with other departments to optimize loan processing efficiency?

A Director of Loan Operations regularly works with departments such as underwriting, compliance, IT, and customer service to streamline loan processing workflows. This collaboration often involves coordinating on process improvements, ensuring regulatory requirements are met, and implementing new technologies for better data management. By fostering cross-departmental communication, the Director helps minimize bottlenecks, resolve issues quickly, and deliver a smoother borrower experience. These partnerships are essential for maintaining high service standards and achieving organizational goals.

What are the key skills and qualifications needed to thrive as a director of loan operations, and why are they important?

To thrive as a Director Of Loan Operations, you need deep knowledge of loan processing, underwriting, compliance regulations, and strategic management, usually backed by a relevant bachelor's degree and significant banking experience. Familiarity with loan origination systems (LOS), core banking platforms, and regulatory compliance tools like AML software is essential. Strong leadership, analytical thinking, and effective communication are crucial for guiding teams and managing complex operations. These skills ensure operational efficiency, regulatory adherence, and successful team performance in a highly regulated financial environment.

What is the difference between Director Of Loan Operations vs Loan Processor?

AspectDirector Of Loan OperationsLoan Processor
Primary RoleOversees loan department, manages teams, develops policiesPrepares and reviews loan documents, processes applications
Required CredentialsBachelor's degree, experience in loan management, industry certificationsHigh school diploma or equivalent, some industry training
Work EnvironmentOffice-based, managerial setting, strategic planningOffice-based, operational, detail-oriented tasks
Industry UsageUsed in banking, mortgage, and financial institutionsCommonly used in mortgage and lending companies

The main difference is that the Director Of Loan Operations oversees the entire loan process and manages teams, while a Loan Processor handles the day-to-day processing of loan applications. The director focuses on strategy and management, whereas the processor focuses on operational tasks.

More about Director Of Loan Operations jobs

What cities are hiring for Director Of Loan Operations jobs?

Cities with the most Director Of Loan Operations job openings:

Who are the top companies hiring for Director Of Loan Operations jobs?

The top employers for Director Of Loan Operations jobs are:

What states have the most Director Of Loan Operations jobs?

States with the most job openings for Director Of Loan Operations jobs include:

Infographic showing various Director Of Loan Operations job openings in the United States as of August 2026, with employment types broken down into 84% Full Time, 13% Part Time, 1% Temporary, 1% Contract, and 1% Nights. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $107,680 per year, or $51.8 per hour.

Loan Operations Specialist I

Legence Bank

Carbondale, IL โ€ข On-site

$19/hr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 15 days ago


Job description

Job Posting TitleLoan Operations Specialist I
Job Description

Position Summary:

The Loan Operations Specialist is responsible for supporting the daily functions of the Loan Operations Department by accurately processing, scanning, and maintaining documentation for commercial loans and limited consumer loans. This position ensures the accuracy, organization, and completeness of loan files, while maintaining compliance with internal policies and regulatory requirements.

Essential Duties and Responsibilities:

  • Document Management & Scanning
    • Scan and index new commercial loan documentation into the imaging system.
    • Scan new Change in Terms agreements, miscellaneous loan documents, and exception items for recordkeeping and compliance.
    • Maintain proper document labeling and filing standards to ensure easy retrieval and audit readiness.
    • Perform miscellaneous paper filing as needed.
  • Loan Setup & Maintenance
    • Create and maintain shadow loans for tracking and reconciliation purposes.
    • Process paid-out loans, including preparing and verifying satisfaction and release documentation.
    • Review and update loan information in the core system to ensure accuracy and completeness.
  • Exception Tracking & Reporting
    • Monitor “In Review” items within the loan platform and follow up to ensure timely resolution.
    • Generate and distribute weekly exception reports to loan officers for missing or outstanding documentation.
    • Prepare exception reports to support the satisfaction and clearing of required items.
  • Mail & Administrative Support
    • Process incoming and outgoing mail related to loan operations.
    • Handle general administrative tasks within the department as assigned.
    • Provide support to loan officers and other departments as needed to ensure smooth operational flow.

Qualifications:

  • High school diploma or equivalent required; associate degree or equivalent experience in banking, finance, or business preferred.
  • Prior experience in loan operations, document management, or a financial institution environment required.
  • Strong attention to detail, organization, and accuracy.
  • Ability to manage multiple priorities and meet deadlines.
  • Proficiency in Microsoft Office applications and familiarity with imaging and loan processing systems.
  • Excellent communication and teamwork skills.

Work Environment and Physical Demands:

  • Office setting with routine use of standard office equipment such as computers, scanners, and filing systems.
  • Position requires a high level of confidentiality, accuracy, and efficiency.
  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position.
  • While performing the duties of this position, the employee is regularly required to communicate via both verbal and auditory.
  • Specific visual abilities required for this position include close vision, distant vision, color vision, and ability to adjust focus.
  • Position requires that ability to occasionally lift office products and supplies, up to 20 pounds.

Supervisory Responsibility:

  • This position has no direct supervisory responsibilities.

Expected Hours of Work:

  • Some flexibility in hours may be allowed with prior approval, but the employee must be available during the “core” work hours of 8:00 a.m. to 5:00 p.m. Occasional evening and weekend work may be required as job duties demand.

Travel:

  • Primarily local during the business day, although some out-of-area and overnight travel may be needed/expected.

We understand that benefits matter – we offer a competitive benefit package for all full-time employees which includes:

  • A workplace built on respect, integrity, and balance
  • Medical, Dental, Vision Insurance coverage options
  • 401(k) Plan + Company Match
  • Competitive Pay starting at $19/hr
  • Career growth and opportunities for promotions
  • Paid Time Off, Holiday Pay, and Sick Time
  • Training for Professional and Career Development
  • Generous parental leave
  • Potential for annual performance bonus
  • Potential referral incentives

Additional Eligibility:

  • Legence Bank is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, age, disability, protected veteran status, or any other characteristics protected by law.
  • Please note this position description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this position. Du