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Loan Assistant Jobs in Rochester, IN (NOW HIRING)

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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 9, 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 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.

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.

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.

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.

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.
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

Financial Officer - Kokomo, IN

Farm Credit Mid-America

Kokomo, IN • Hybrid

$60K - $178K/yr

Other

Medical, Dental, Vision, Retirement, PTO

Re-posted 20 days ago

Job description

Farm Credit Mid-America is a financial services cooperative serving financial needs of farmers and rural residents in Arkansas, Indiana, Kentucky, Missouri, Ohio, and Tennessee. Our purpose is to secure the future of rural communities and agriculture. We are passionate about serving the needs of our rural communities and creating positive customer experiences.

Farm Credit Mid-America is a great place to work!  We have been named as a Best Places to Work in Kentucky for the past 14 years. At Farm Credit Mid-America we put our customers and team members at the heart of all we do.  

Schedule:  Full Time, Hybrid 
Travel Required:  50% - 75% 

Compensation: The salary range for this position is estimated to be $60,265.00 - $178,402.00 annualized, which reflects the company's current estimate of the potential compensation range at the time of posting. This salary range reflects the anticipated compensation for this position and represents one component of the total rewards package. Final compensation will be determined based on factors such as experience, skills, education, qualifications, and allotted budget. The organization offers a comprehensive benefits program as part of its overall compensation strategy, and salary ranges are reviewed periodically to remain aligned with market conditions.

Benefits At A Glance

  • Eligible team members have access to a comprehensive benefits package that includes:
  • Medical, dental, and vision insurance 
  • Well-being and fitness reimbursement programs 
  • Paid vacation, sick leave, and holidays 
  • 401(k) plan with company contributions and matching opportunities 
  • Paid parental leave
  • Short-term and long-term disability coverage 
  • Tuition reimbursement and professional development programs 
  • Community involvement and volunteer opportunities 
  • Variable compensation opportunities for eligible positions
About Our Opportunity

The Financial Officer is responsible for marketing, marketplace development, communication, relationship building and overall growth of the marketplace portfolio through a focused balance of sales, marketing and support of agricultural loans.  Uses an understanding of agriculture and finance to sell Farm Credit Mid-America financial products by building strong relationships and developing an in-depth understanding of each customer's and prospect's financial position and operation.  Through product and industry knowledge, the Financial Officer will build and maintain their portfolio by identifying potential opportunities while ensuring compliance with regulatory requirements and Association's credit standards and procedures. 

This position requires existing NMLS registration under the SAFE Act, or the ability to obtain the same upon hire, and maintenance of a status in good standing during employment.

How You Will Spend Your Time
  • Responsible for servicing assigned portfolio, gain and develop new business with both new and existing customers to increase market share, promote and sell loan products, cross sell products and services, and support an unrivaled customer experience based on our mission.
  • Develops and maintains a significant professional presence to increase the association's market share in the assigned territory with customers, and influencers.
  • Demonstrates agricultural expertise including knowledge of multiple agricultural industries.
  • Understands customer operational goals, credit strengths and opportunities in order to deliver constructive agricultural and financial products and services.
  • Design innovative customer packages, advising customers on financial information and competitively pricing loans based on risk and profitability.
  • Adheres to all regulatory compliance requirements, gathers appropriate documentation, and documents pertinent customer information.
  • Discuss credit packages with analyst and participate in consensus decision making process when appropriate and may partner with the Special Accounts for resolution.
  • Communicate credit decisions, loan terms, conditions, and expectations to the customer while maintaining customer confidence ensuring loan information is confidential.
  • Ability to professionally communicate, collaborate and clarify complex information in a clear and concise manner with internal team members and external individuals.
Education & Experience
  • High School Diploma/GED with 5 years relevant experience required. 
  • Bachelor's Degree with 1 years relevant experience preferred. 
Mental & Physical Requirements

While engaged in this position, team members will routinely sit, use hands for tasks, and communicate orally. Standing or walking is frequently required, while occasional demands include reaching with hands and arms, and lifting or moving up to ten pounds. Vision requirements encompass close and distance vision. The work environment typically has a moderate noise level. This role may entail a blend of mental and physical capabilities, requiring strong mental acuity, problem-solving skills, and occasional physical tasks such as standing, lifting, or extended computer usage. Some roles may require physical or mental requirements related to driving, such as a valid driver's license, and the ability to drive a long-distance. Reasonable accommodations will be considered for individuals as requested.

Farm Credit Mid-America provides a competitive total rewards package to our team members. This includes an award winning 401(k) Plan. Our Health and Financial wellness benefits provide safety, security and peace of mind for you and your family.  Here is a highlight of our Total Rewards and Benefits.

Farm Credit Mid-America is an equal opportunity employer, and all applicants will receive consideration for employments without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, veteran status, disability, or any other category protected by law.

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