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Loan Operations Associate Jobs in Springfield, VA

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To provide informed, professional, and accurate service and support to all members and associates ... operations and deposit services. * To maintain a dependable record of attendance and timeliness.

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Loan Operations Associate information

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$11

$27

$56

How much do loan operations associate jobs pay per hour?

As of Sep 3, 2026, the average hourly pay for loan operations associate in Springfield, VA is $27.56, according to ZipRecruiter salary data. Most workers in this role earn between $18.70 and $31.83 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a loan operations associate?

To thrive as a Loan Operations Associate, you need strong attention to detail, familiarity with loan documentation, and a background in finance or banking, often supported by a relevant degree or experience. Proficiency with loan management software, document imaging systems, and Microsoft Office is typically required. Excellent organizational skills, communication, and the ability to manage multiple deadlines make someone stand out in this role. These skills are crucial to ensure accurate loan processing, regulatory compliance, and efficient support of lending operations.

What are some typical challenges a loan operations associate may encounter, and how are they addressed in the workplace?

Loan Operations Associates often encounter challenges such as managing a high volume of loan documentation, ensuring compliance with lending regulations, and coordinating effectively with multiple departments. To address these, organizations typically provide robust training on internal systems, encourage open communication between teams (like underwriting and servicing), and implement standardized checklists or software to streamline processes. Staying organized and detail-oriented is key, and most teams foster a collaborative environment where associates can seek guidance and share best practices for efficiency.

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

AspectLoan Operations AssociateLoan Processor
Primary RoleSupports loan processing, manages documentation, and ensures complianceReviews and verifies loan applications, gathers borrower information
Required SkillsAttention to detail, knowledge of loan systems, communication skillsAnalytical skills, attention to detail, customer service
Work EnvironmentBank or financial institution, office settingBank or mortgage company, office setting
CertificationsOften no specific certification required, familiarity with loan softwareLikely to require mortgage licensing or certifications

While both roles support the loan process, Loan Operations Associates focus on supporting functions, compliance, and documentation management, whereas Loan Processors handle the review and verification of loan applications directly with borrowers. Understanding these differences can help job seekers identify the right position for their skills and career goals.

What does a loan operations associate do?

A loan operations associate manages the processing and administration of loan transactions, ensuring accuracy and compliance with policies. They handle tasks such as verifying documentation, updating loan systems, and coordinating with other departments to facilitate smooth loan servicing. Strong attention to detail and proficiency with loan management software are important for this role.

What job categories do people searching Loan Operations Associate jobs in Springfield, VA look for?

The top searched job categories for Loan Operations Associate jobs in Springfield, VA are:

What cities near Springfield, VA are hiring for Loan Operations Associate jobs?

Cities near Springfield, VA with the most Loan Operations Associate job openings:

Infographic showing various Loan Operations Associate job openings in Springfield, VA as of August 2026, with employment types broken down into 81% Full Time, 15% Part Time, 1% Temporary, and 3% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $57,019 per year, or $27.4 per hour.

Senior Analyst / Associate, Portfolio Management, Healthcare Finance

Forbright Bank

Chevy Chase, MD โ€ข On-site

$90K - $105K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 20 days ago


Job description

COMPANY DESCRIPTION:ย ย Forbright is a nationwide full-service bank and commercial lender focused on helping to build a brighter futureย for our clients and the communities we serve.ย Forbright is committed to exceptional client service by providing seamless, innovative personal banking services to depositors andย creative financing solutions to visionary middle market businesses and investors in healthcare, technology, financial services, real estate, and other industries.ย 
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COMPANY CULTURE:ย ย We are a dynamic, high energy, fun, and fast-paced organization that has an exciting growth trajectory, meaningful mission, and embedded responsible practices into our daily interactions. We offer our team members a culture of collaboration, inclusion, flexibility, recognition, and giving back. We look to hire individuals that are passionate about our mission, and who are motivated, customer and results-oriented, innovative, adaptable, and thoughtful.
ย 
COMPANY MISSION:ย ย We are a mission-driven institution. We operate a sound dynamic institution that is well capitalized, liquid, profitable and uses best practices to manage risk and assure compliance with laws and regulations. We use Forbright's capital, capabilities, innovation, and expertise to help our clients succeed and contribute broadly to building a brighter future.ย 

JOB SUMMARY:ย ย Theย Associateย isย part of the team managing credit risk by tracking borrower and loan performance, utilizing a scalable portfolio monitoring infrastructure. This roleย entailsย collaboration with team membersย andย internal and external stakeholders to ensure consistency across the portfolio.ย ย ย 
DUTIES AND RESPONSIBILITIES:
  • Manage portfolio credit risk, ensuring that asset quality remains strong, and executing strategies to limit the risk of lossย 

  • Monitor operating performance, financial condition, and credit risk for assigned borrowers to proactively identify issues and resolve problems in a timely and effective mannerย 

  • Manage day-to-day borrowing activity of assigned asset-backed loan (ABL) investments pursuant to Bank policies and proceduresย 

  • Perform financial analysis on reporting provided by borrowers, tracking the trends and developments which may impact loan performanceย 

  • Model financial projections to assess a borrower's ability to repay its loan under various economic scenariosย 

  • Work in conjunction with Portfolio Managers to prepare loan underwriting and modification approval write-ups to present to the loan committeeย 

  • Assist in the development and utilization of a portfolio wide financial spreading model and a system to track borrower financial deliverablesย 

  • Assist with the risk rating, criticized asset management, and review processes for assigned borrowersย 

  • Prepare appropriate and timely reporting to senior management on borrower and portfolio performance, effectively communicating identified credit risks and recommended actionsย 

  • Actively manage upcoming loan maturities, past dues, and credit quality in conjunction with Portfolio Managers and Loan Operations for assigned borrowers. Ensure loan documentation and credit files are updated and maintained in a timely fashionย ย 

  • Assist with the independent review of appraisals and other third-party reportsย 

  • Ensure all reporting is accurately saved pursuant to Bank policies and proceduresย 

  • Ensure integrity of data entry and reporting system accuracy for assigned investmentsย 

  • Actively participate in portfolio management and risk rating meetings; reporting on underlying investment performance; increased or decreased risk factors; and changes in performance from originationย 

  • Assist in ongoing recruiting, onboarding and training of Analystsย 

  • Participate in site visits to clients to support ongoing due diligence and credit monitoring effortsย 

  • Maintain compliance with all legal and regulatory requirementsย 

  • Complete special projects and duties on an ad-hoc basisย 

QUALIFICATIONS:
  • Associate's Degreeย required;ย Bachelor's Degreeย preferredย 

  • Mininum of 2ย years of experience in a portfolio management, credit analysis, loan underwriting, public accounting, corporate FP&A, structured finance, and/or leveraged finance roleย requiredย 

  • Proficiency with Microsoft Office tools (Outlook, Word, PowerPoint, Excel)ย ย ย 

  • Excellent verbal, written, and interpersonal communication skillsย ย ย 

  • Strong organizational skills and attention to detailย ย ย ย 

  • Outstanding problem-solving and time management skillsย ย ย 

  • Self-motivated, self-directed, and results-orientedย ย 

  • Adaptable and able to multitask in a fast-paced environmentย ย ย 

  • Can work independently and within a team; solution-oriented with a collaborative approachย 

  • Strong financial statement analysis skills with a firm grasp of accounting and finance mattersย 

  • High proficiency with Excel based modelingย ย 

  • Outstanding quantitative and qualitative analytical skillsย 

$90,000 - $105,000 a year
The pay range for this position is above. The specific rate will depend on the successful candidate's qualifications and prior experience $90,000 (entry level qualifications) to $105,000 (highly experienced).
POSITION REQUIREMENTS: We are committed to creating an inclusive workplace where all employees are capable of performing their job position. Work is primarily conducted in an office setting while certain positions may allow for remote work through the use of technology at management discretion. The functions described below are representative of those to successfully perform duties of this job. Reasonable accommodations may be made to enable employees to perform the essential functions. While performing duties of this job, the employee may be regularly required for extended periods of time to:
Remain in a stationary position
Use hands and fingersย 
Utilize a computer monitor with visual acuity
Operate technology or other office machinery such as printers, scanners, etc.
Communicate clearly verbally and/or in writing with others
ย 
ADDITIONAL DUTIES: For Forbright Bank to remain efficient and nimble as a growing organization, team members are expected to exhibit a high level of flexibility regarding any duties that may be situationally assigned outside of this job description.ย 
ย 
PERKS/BENEFITS:
Comprehensive health, dental, and vision plans
4 weeks PTO
401k + company match
Metro SmartTrip benefits ($50/mo)
Remote or hybrid (4 days per week in-office) work schedules for most positions
Incentives for purchasing solar panels, electric vehicles, biking to work, etc.
Paid subscriptions to Veterans Compost, Capital Bikeshare, Imperfect Foods reimbursement, and more!
The Washington Post Top Workplaces winner for four consecutive years (2023-2026)
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CORE PRINCIPLES:
Excellence: Excellence is not a goal,ย but aย standard, reflected in theย precisionย of our work and the quality of our decisions. Excellence is a discipline that compounds over time and creates lasting value; it must be measured and managed.ย 
People: Our people are our greatest strength. We foster a culture of respect, inclusion, and ambition - where everyone matters. We celebrate collaboration and teamwork and prize loyalty - to one another, the company, our mission, and values.ย ย ย 
Innovation: We invest boldly in technology, harnessing innovation not for its own sake but to make banking and lending better, faster, and smarter for our clients, more efficient for our team, and more profitable for our shareholders.ย ย By combining human insight with technological excellence, we strengthen our ability to serve, to adapt, and to succeed in a changing world.ย ย Innovation is a continuous investment inย new ideas.ย 
Sound Practices: Our foundation rests on prudence, care, integrity, and discipline.ย We manage credit and business risk with rigor and fundamentals-based judgment, act with transparency, and uphold the highest standards of corporate governance and regulatory compliance to ensure sustainable growth and enduring financial strength.ย ย ย 
Distinct Value: Weย focusย our energy where we add value. We avoidย the commoditizedย andย the ordinary, choosing to compete through insight, specialization,ย technologyย and service.ย By concentrating on areas whereย expertiseย matters and relationships endure, we create differentiation that is defensible and lasting.ย 
Clients: We exist to advance our clients' success and to help them grow.ย We listen deeply, think creatively, and deliver solutions that solve problems, driveย impactย and add value.ย Every client relationship is built on partnership, performance, and purpose.ย 
Shareholders: We are committed to creating exceptional value for our shareholders.ย We invest for the long term and view our shareholders as partners - not observers - in value creation. Weย allocateย capital wisely, execute with precision, and continuously adapt our business model to pursue the most attractive, risk-adjusted returns. We work to make rational decisions, avoid unnecessary complexity,ย maintainย strong liquidity and capital, and communicate with clarity and honesty.ย We measure success both by current performance and by the durability and quality of the long-term value we build.ย ย 
Communities and the Environment: We believe prosperity and responsibility go hand in hand.ย We invest in inclusiveย opportunityย and environmental stewardship.ย Our goal is simple - to do our part build a brighter, more sustainable future for the communities we serve and the world we share.ย 
ย 
It is the policy of Forbright Bank to provide equal employment opportunities to all qualified individuals and to administer all aspects and conditions of pre-employment and employment without regard to protected characteristics.
ย 
Employment with Forbright Bank is at-will, which means that either you or the Company may terminate the relationship at any time.
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By applying, you acknowledge that you have reviewed our CCPA Privacy Notice.
AI tools may be used in certain stages of the employment lifecycle, such as candidate review; however, all final employment decisions will be made by a person. State agencies are currently developing rules that will provide additional guidance regarding the circumstances, timing, and specific information required for this notice. Forbright Bank will update its procedures and disclosures as necessary to comply with any such forthcoming rules or requirements.
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