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Loan Assistant Jobs in Rochester, IN (NOW HIRING)

First Farmers Bank & Trust

Loan Servicer

Kokomo, IN · On-site

$20 - $22/hr

Balancing of internal accounts * Assist with participation loans and related transactions, including funding and payments * Communicate with internal departments and customers regarding loan ...

Interra Credit Union

Agribusiness Lender

Plymouth, IN · On-site

... loan underwriting, credit report reviews, and appraisals to assist with accuracy and identifying potential risks. 25% Responsible for new agribusiness development and secure relationships with ...

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Loan Assistant information

See Rochester, IN salary details

$27K

$38.8K

$50.7K

How much do loan assistant jobs pay per year?

As of Aug 29, 2026, the average yearly pay for loan assistant in Rochester, IN is $38,754.00, according to ZipRecruiter salary data. Most workers in this role earn between $34,900.00 and $43,200.00 per year, depending on experience, location, and employer.

What is a loan assistant?

Your primary responsibilities as a loan assistant are to manage and update loan applications at a bank or similar lending institution. You process all loan applications, usually with the assistance of specialized software. Your duties include checking all relevant documents, assessing the applicant’s credit, and determining the appropriate loan for the borrower. Essential qualifications include a keen grasp of financial practices, strong communication skills, and customer service experience. To pursue a career as a loan assistant or loan officer, you need a bachelor’s degree in business, economics, or finance.

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

To thrive as a Loan Assistant, you need a solid understanding of financial principles, strong attention to detail, and typically an associate’s degree in finance or a related field. Familiarity with loan processing software, document management systems, and Microsoft Office Suite is commonly required. Excellent organization, customer service orientation, and clear communication skills help you stand out in this role. These abilities are crucial for ensuring accurate loan processing, efficient workflow, and positive client experiences in a fast-paced lending environment.

How does a loan assistant typically collaborate with loan officers and other team members during the loan process?

Loan Assistants work closely with loan officers by preparing documents, gathering client information, and ensuring all paperwork is completed accurately and on time. They frequently communicate with underwriters, appraisers, and clients to resolve issues and keep the process moving smoothly. This collaboration requires strong organizational skills and attention to detail, as well as the ability to multitask and prioritize in a fast-paced environment. Building good working relationships with both internal team members and external partners is key to being successful in this role.

What is the difference between Loan Assistant vs Loan Processor?

AspectLoan AssistantLoan Processor
ResponsibilitiesSupports loan officers, handles administrative tasks, prepares documentsReviews applications, verifies information, approves or denies loans
Required SkillsCustomer service, organization, basic financial knowledgeAttention to detail, analytical skills, knowledge of lending regulations
Work EnvironmentBank or mortgage office, administrative settingLoan department, financial institution, processing center
CertificationsOften no formal certification requiredRelevant financial or lending certifications beneficial

While both roles support the loan process, a Loan Assistant primarily handles administrative tasks and customer support, whereas a Loan Processor actively reviews and verifies loan applications for approval. Understanding these differences helps in choosing the right career path or job search focus within the lending industry.

Is loan processing a hard job?

Loan processing is a detail-oriented role that involves reviewing applications, verifying information, and ensuring compliance with lending policies. It requires strong organizational skills, attention to accuracy, and familiarity with loan software, but the difficulty level varies depending on experience and workload.
More about Loan Assistant jobs

What cities near Rochester, IN are hiring for Loan Assistant jobs?

Cities near Rochester, IN with the most Loan Assistant job openings:

Loan Assistant jobs near you

Loan Servicer

Kokomo, IN • On-site

First Farmers Bank and Trust Company
See more jobs at First Farmers Bank and Trust Companyexternal

$20 - $22/hr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 19 days ago

Job description

Job Type
Full-time
Description
Loan Servicer
Kokomo, IN
$20-$22/hr - additional compensation may be considered depending on experience
About First Farmers Bank & Trust
First Farmers Bank & Trust has been proudly serving families, farms, and businesses since 1885, building relationships rooted in trust and community. With over 140 years of experience, we've grown to become one of the largest community banks in Indiana and Illinois, offering a full range of financial services-from personal and business banking to agricultural lending and mortgage solutions.
Our mission is simple: deliver personalized financial services while fostering strong relationships that help our communities thrive. We believe in combining today's digital banking convenience with the traditional values of integrity, perseverance, and customer care.
With 37 branches in Indiana and Illinois, we remain deeply committed to the communities we serve. Through initiatives like financial education programs, scholarships, volunteerism, and local partnerships, we invest in what matters most-people.
At First Farmers, we also invest in our employees. We offer competitive benefits, opportunities for professional growth, and a culture that values collaboration and community engagement. When you join our team, you're not just starting a job-you're joining a company built on heart and grit.
Position Summary:
Process work-flow in the loan department including; processing, updating, filing and all maintenance of any incoming documentation pertaining to all bank loans. Provide customer assistance; to both customers and FFBT staff.
Duties
  • Process loan maintenance, including rate changes, payment adjustments, payoffs, deferrals, and modifications
  • Accurately board all loan types on core system
  • Maintain accurate loan records and ensure all updates are properly reflected in the core system
  • Monitor and manage escrow accounts, including tax and insurance tracking and escrow analysis
  • Process loan payoffs and ensure accurate final balances and disbursements
  • Review and resolve discrepancies, exceptions, and customer account issues
  • Ensure proper documentation is maintained for all loan transactions
  • Support internal audits and regulatory reviews by providing requested information
  • Review daily, weekly, and monthly reports to identify and resolve exceptions
  • Process and track insurance (including CPI, Credit Life, and Disability where applicable)
  • Balancing of internal accounts
  • Assist with participation loans and related transactions, including funding and payments
  • Communicate with internal departments and customers regarding loan servicing requests
  • Ensure compliance with bank policies, procedures, and applicable regulations
  • All other job duties as assigned

Requirements
Minimum Qualifications
  • High school diploma
  • Minimum of two years of banking or customer service experience
  • Proficiency in Microsoft Office Suite

Preferred Qualifications
  • Prior experience in banking, mortgage, bookkeeping, or insurance industries
  • Associate's or Bachelor's degree in Business or a related field

Skills
  • Strong attention to detail with a high level of accuracy
  • Effective time management skills with the ability to meet deadlines

Work Environment
  • Primarily office or branch-based environment with standard business hours. Occasional travel to other branch locations or community events may be required
  • Daily extended use of banking software, secure digital platforms, and standard office equipment
  • Repetitive hand and arm movements
  • Ability to sit or stand for extended periods of time
  • Ability to lift up to 55 pounds as needed
  • Moderate business traveling

Benefits Overview:
At First Farmers Bank & Trust, we offer a comprehensive benefits package designed to support your health, financial well-being, and work-life balance:
Health & Wellness
  • Medical Insurance (eligible on date of hire) with options for High Deductible Health Plan (HDHP) and Co-Pay Plan
  • Vision Coverage
  • Dental Coverage
  • Prescription Plan
  • Wellness Incentive - earn up to $25 per pay period toward premium reduction

Financial Security
  • Life & Accidental Death & Dismemberment Insurance - 100% employer-paid
  • Short & Long-Term Disability Insurance - 100% employer-paid
  • 401(k) Plan
  • Profit Sharing Stock Option
  • Health Savings Account (HSA) contributions for HDHP participants

Paid Time Off
  • Vacation time
  • Sick Time
  • Personal Day
  • 11 Paid Holidays
  • Paid Bereavement

Additional Benefits
  • Paid time to volunteer (when representing FFBT and supervisor approved)
  • Voluntary Donated PTO Program
  • Employee Assistance Program
  • Travel Assistance Program
  • Educational Assistance Program
  • Corporate Discounts
  • Employee Referral Program
  • Stock Purchase Loan Option
  • Retirement Plan Counseling
  • Wellness Program
  • Gym Reimbursement
  • Employee Quarterly Recognition Program
  • AFLAC supplemental benefits
  • Cincinnati Life supplemental coverage
  • Family Medical Leave
  • Paid Bereavement Leave
  • Maternity Leave Policy

Salary Description
$20-$22/hr

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