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Loan Operations Manager Jobs in Indiana (NOW HIRING)

Legence Bank

Loan Operations Specialist I

Evansville, IN · On-site

$19/hr

The Loan Operations Specialist is responsible for supporting the daily functions of the Loan ... Document Management & Scanning * Scan and index new commercial loan documentation into the imaging ...

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Loan Operations Manager information

See Indiana salary details

$40.9K

$85.8K

$142.7K

How much do loan operations manager jobs pay per year?

As of Aug 22, 2026, the average yearly pay for loan operations manager in Indiana is $85,798.00, according to ZipRecruiter salary data. Most workers in this role earn between $59,000.00 and $103,700.00 per year, depending on experience, location, and employer.

What is a loan operations manager?

A loan operations manager is responsible for managing the loan process for financial institutions such as banks, credit unions, and mortgage companies. Your responsibilities are to oversee consumer and commercial loan support staff, implement staff training programs, and provide appraisals on staff job expectation. Additional duties may include supervising loan document preparation and servicing, working directly with other staff to ensure efficient workflow, and maintaining knowledge of current software systems. You also conduct audits and assessments to ensure policies and procedures are meeting desired goals.

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

To thrive as a Loan Operations Manager, you need a solid understanding of loan processing, compliance regulations, and financial documentation, often supported by a bachelor’s degree in finance, business, or a related field. Proficiency with loan origination systems (LOS), banking software, and knowledge of regulatory requirements such as RESPA and HMDA is crucial. Strong leadership, problem-solving abilities, and effective communication skills help manage teams and ensure smooth loan operations. These skills ensure efficient and compliant lending processes, minimize risk, and support organizational goals.

What are some common challenges faced by a loan operations manager, and how can they be addressed?

Loan Operations Managers often encounter challenges such as managing tight deadlines, ensuring regulatory compliance, and overseeing high volumes of loan documentation. Balancing accuracy with efficiency, especially during peak periods, can be demanding. Building strong communication channels within the team and collaborating closely with compliance, credit, and IT departments helps streamline workflows and minimize errors. Staying updated on regulatory changes and fostering a culture of continuous process improvement are key strategies for success in this role.

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

AspectLoan Operations ManagerLoan Processor
Primary RoleOversees loan processing workflows, manages teams, ensures compliancePrepares and verifies loan documents, reviews applications
Required SkillsLeadership, project management, regulatory knowledgeAttention to detail, document review, communication skills
Work EnvironmentOffice setting, managerial oversightOffice setting, processing loan applications
CertificationsOften requires banking or finance certificationsTypically no certifications required, but knowledge of lending regulations helps

The Loan Operations Manager focuses on overseeing the entire loan processing department, managing teams, and ensuring compliance, while the Loan Processor handles the day-to-day preparation and verification of loan documents. Both roles are essential in the loan lifecycle but differ in scope and responsibilities.

What does a loan operations manager do?

A loan operations manager oversees the processing, approval, and management of loan applications within a financial institution. They ensure compliance with regulations, coordinate between departments, and utilize loan management software to streamline operations. Strong organizational and communication skills are essential for this role.
More about Loan Operations Manager jobs

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 are popular job titles related to Loan Operations Manager jobs in Indiana?

For Loan Operations Manager jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Loan Operations Manager jobs in Indiana look for?

The top searched job categories for Loan Operations Manager jobs in Indiana are:

What cities in Indiana are hiring for Loan Operations Manager jobs?

Cities in Indiana with the most Loan Operations Manager job openings:

Loan Operations Manager jobs near you
Infographic showing various Loan Operations Manager job openings in Indiana as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $85,798 per year, or $41.2 per hour.

LOAN PROCESSOR I

Springs Valley Bank & Trust Company

Jasper, IN • On-site

$16.75 - $22.25/hr

Full-time

Posted 11 days ago

Job description

JOB DESCRIPTION: LOAN PROCESSOR I

DEPARTMENT: Loan

CLASSIFICATION: Non - Exempt

REPORTS TO: Loan Operations Manager

SUPERVISES: No supervisory responsibility

JOB SUMMARY: Responsible for the processing and administration of loans in one or more of the following areas: consumer, mortgage, and commercial loans.

MAJOR DUTIES & RESPONSIBILIIES:

  • Responsible for input and audit of consumer, mortgage, and commercial loans.
  • Provides administrative assistance to the lenders and staff, including processing loan payments, inputting and updating loan data in the system, and maintaining loan records and files (paper and electronic).
  • Assembles and verifies accuracy of loan documentation. Ensures that loan files contain documents and with proper signature, dates and other relevant data.
  • Performs clerical duties as related to working ticklers and maintaining departmental records.
  • Answers customer questions and resolves routine problems with inquires regarding payoffs, changes of owner, note modifications, beneficiaries, and other loan details.
  • Balances Assigned General Ledgers
  • Processes Escrow which may include Home-Owner's Insurance, PMI, Property Taxes, and Home Owner's Association Dues
  • Works through Escrow Analysis
  • Provides input on QM procedures, updates as directed by loan operations manager.
  • Actively achieves individual sales, referral, operational, and community involvement goals.
  • Scans and Images documentation within Director
  • Performs other duties as assigned.

EDUCATION & EXPERIENCE:

  • High school diploma or equivalent. Three to five years of experience in a financial institution, lending setting, or office environment.
  • Good understanding of financial institution products and services.
  • Good organizational skills with attention to detail.
  • Fluency in computer applications and Microsoft Office Environment.

EOE, including disability/vets

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