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Loan Operations Assistant Jobs in Indiana (NOW HIRING)

Merchants Bancorp

Loan Operations Analyst

Carmel, IN · On-site

$35K - $47K/yr

Loan Operations Analyst will assist in training new team members. * Processes more complex loans and carries a higher pipeline * Assist Management as needed for daily functions, projects or audit ...

Ag Resource Management, LLC

Loan Officer

Avon, IN · On-site

The primary objective is to assist in meeting farmers' financial needs and contribute to ARM ... Assisting with loan operations to ensure efficiency and a positive client experience.

Citizens Bank

Commercial Loan Officer

Plainfield, IN · On-site

... loan operations, as well as the exercise of sound credit decisions. This includes, but is not ... May assist in servicing commercial loans by processing items, such as: payoffs, refinances, and ...

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All JobsLoan Operations JobsLoan Operations Assistant JobsLoan Operations Assistant Jobs in Indiana

Loan Operations Assistant information

See Indiana salary details

$10

$18

$29

How much do loan operations assistant jobs pay per hour?

As of Aug 10, 2026, the average hourly pay for loan operations assistant in Indiana is $18.86, according to ZipRecruiter salary data. Most workers in this role earn between $14.62 and $21.25 per hour, depending on experience, location, and employer.

What challenges does a loan operations assistant face, and how can they be addressed?

Loan Operations Assistants often face challenges such as managing high volumes of loan documentation, ensuring accuracy under tight deadlines, and navigating evolving regulatory requirements. Staying organized and detail-oriented is key, as even minor errors can delay funding or compliance. Building strong communication with loan officers, underwriters, and clients helps to streamline processes and resolve issues quickly. Many organizations also offer training and mentorship to help assistants stay current with industry standards and improve efficiency.

What is the difference between Loan Operations Assistant vs Loan Processor?

AspectLoan Operations AssistantLoan Processor
CredentialsBasic financial knowledge, sometimes certifications like loan processing or banking coursesSimilar credentials, often with additional certifications or experience in loan documentation
Work EnvironmentSupportive office setting within banks or lending companiesOffice environment focused on reviewing and verifying loan applications
Employer & Industry UsageCommonly employed in banking, mortgage, and lending institutionsPrimarily in mortgage and loan companies, handling application processing
Search & Comparison IntentUnderstanding support roles in loan processingDetails on loan application review and approval process

The main difference between a Loan Operations Assistant and a Loan Processor lies in their responsibilities. The Loan Operations Assistant provides administrative and support functions within the loan process, while the Loan Processor actively reviews and verifies loan applications to facilitate approval. Both roles require similar credentials and are found in banking and lending environments, but their focus areas differ slightly.

What is a loan operations assistant?

Loan Operations Assistants are professionals who support the daily administrative and operational tasks related to processing loans at financial institutions. Their responsibilities often include preparing loan documents, verifying customer information, maintaining records, and ensuring compliance with regulatory requirements. They work closely with loan officers, customers, and other departments to facilitate smooth loan processing. Attention to detail, organizational skills, and knowledge of banking procedures are essential for this role.

What skills and qualifications are needed to be a loan operations assistant?

To thrive as a Loan Operations Assistant, you need strong attention to detail, knowledge of loan processing procedures, and a background in finance or banking, often supported by a relevant associate’s degree. Familiarity with loan origination software, document management systems, and banking compliance tools is typically required. Excellent organizational skills, clear communication, and the ability to handle confidential information with discretion are essential soft skills for this role. These skills ensure accurate loan processing, regulatory compliance, and efficient support to both clients and lending teams.
What are the most commonly searched types of Loan Operations jobs in Indiana? The most popular types of Loan Operations jobs in Indiana are:
What cities in Indiana are hiring for Loan Operations Assistant jobs? Cities in Indiana with the most Loan Operations Assistant job openings:
Loan Operations Assistant jobs near you
Infographic showing various Loan Operations Assistant job openings in Indiana as of August 2026, with employment types broken down into 84% Full Time, 13% Part Time, 1% Temporary, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $39,225 per year, or $18.9 per hour.

Loan Operations Analyst

Merchants Bank of Indiana

Carmel, IN

$35K - $47K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 12 days ago

Job description

Description


The Loan Operations Analyst supports the daily functions of the Bank's Loan Operations Department, serving to support all commercial and consumer lending functions of the bank. The Loan Operations Department has the major functions of ensuring that the documents created for loan closings are correct and that all loan documents are exception free and the collateral is perfected. The Loan Operations Department also interfaces with the bookkeeping and proof-transit functions areas of the Bank to ensure that all transaction entries (payments, advances, new loan advances, general ledge entries, etc.) are performed correctly and that appropriate general ledger accounts are monitored and balanced.


Expected Outcomes: A successful Loan Operations Analyst will ensure all documents follow the Bank's loan policy and regulations and will coordinate and ensure all due diligence is accurate and completed timely.


The Loan Operations Analyst will know they are successful if they can do the following confidently and independently...

  • Loan Operations Analyst will assist in training new team members.
  • Processes more complex loans and carries a higher pipeline
  • Assist Management as needed for daily functions, projects or audit reviews
  • Supports all departmental functions and assures the departmental objectives are achieved in providing accurate and timely loan documentation, servicing of the loan and maintaining collateral files; closely monitors loan documentation and collateral exceptions to ensure that such items are kept to minimum levels consistent with Bank policy.
  • Meets all pre-established customer services goals particularly by ensuring that loan closing documents are provided to lenders quickly and accurately.
  • Ensure customer expectations are met or exceeded around the loan closing process.
  • Supports the resolution of particularly sensitive or complex situations. Ensures that staff members are fully informed of appropriate compliance regulations, legal requirements, policies and procedures, providing on-the-job training, if necessary.
  • Responsible for working within regulatory guidelines and bank policies that are applicable to the areas this position supports.
  • Attend training on applicable subjects when available and appropriate for position.



Requirements



What we are looking for...

  • Minimum of three years of banking experience in the areas of depository services and loan originations, or an educational background that provides a level of knowledge typically gained from five years or more retail lending. High school diploma or GED from an accredited institution, College degree preferred.
  • Requires the ability to successfully multitask and perform accurate, timely work with multiple priorities and deadlines.
  • Must demonstrate strong customer service skills and/or interpersonal and communication skills as well as a strong attention to detail and an exemplary desire to produce top-notch work.
  • Requires a demonstrated working knowledge of basic computer software such as Microsoft Office and Outlook at a moderate level.
  • Previous work experience in loan operations/administration is strongly considered.

Our Benefits: Health, Vision, Dental, 401K, ESOP, 100% Tuition Assistance, 4 weeks paid time off, plus a few more.


About Merchants

Ranked as a top performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple segments, including Multi-family Mortgage Banking that offers multi-family housing and healthcare facility financing and servicing; Mortgage Warehousing that offers mortgage warehouse financing; and Banking that offers retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp, with $18.8 billion in assets and $11.9 billion in deposits as of December 31, 2024, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Merchants Capital Investments, LLC, Merchants Capital Servicing, LLC, Merchants Asset Management, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana.



Merchants Bank and Merchants Capital have recently been honored with the 2025 USA Today Top Workplaces recognition, ranking 22nd nationally within the 500-999 employee category. This is the second year that Merchants has been recognized with this award. These accolades build on our strong history of workplace recognition, including being named a Best Place to Work in Indiana for seven consecutive years (2016-2022). For more information read the entire article here.

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