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Loan Operations Manager Jobs in Michigan (NOW HIRING)

Union Bank

Loan Operations Specialist

Grand Rapids, MI · On-site

Maintains operational controls: • Ensure accurate balancing of loan general ledger accounts ... Administrator of Mountainseed Appraisal Management, WebEquity, Precision Lender, Laser Pro, Calyx ...

Oxford Bank

Loan Servicing Specialist

Flint, MI · On-site

Loan Operations Manager * Travel: No Classification: Non-exempt * Employment Type: Full-time * Supervises: None "Oxford Bank is an equal opportunity employer and is committed to providing equal ...

Kellogg Community CU

Operations Clerk

Battle Creek, MI · On-site

$15.50 - $18.75/hr

This is a multi-functional position that will manage processes and assist where the business need arises. This position will work closely with Loan Operations Coordinators. Responsibilities: * Mail ...

Oxford Bank

Loan Closer

Flint, MI · On-site

Loan Operations • Reports to: Loan Closing Manager • Travel: No Classification: Exempt • Employment Type: Full-time • Supervises: None "Oxford Bank is an equal opportunity employer and is ...

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Loan Operations Manager information

See Michigan salary details

$37.5K

$78.6K

$130.7K

How much do loan operations manager jobs pay per year?

As of Aug 6, 2026, the average yearly pay for loan operations manager in Michigan is $78,588.00, according to ZipRecruiter salary data. Most workers in this role earn between $54,000.00 and $95,000.00 per year, depending on experience, location, and employer.

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 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 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.
More about Loan Operations Manager jobs
What are the most commonly searched types of Loan Operations jobs in Michigan? The most popular types of Loan Operations jobs in Michigan are:
What are popular job titles related to Loan Operations Manager jobs in Michigan? For Loan Operations Manager jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Loan Operations Manager jobs in Michigan look for? The top searched job categories for Loan Operations Manager jobs in Michigan are:
What cities in Michigan are hiring for Loan Operations Manager jobs? Cities in Michigan with the most Loan Operations Manager job openings:
Loan Operations Manager jobs near you
Infographic showing various Loan Operations Manager job openings in Michigan as of August 2026, with employment types broken down into 85% Full Time, 12% Part Time, 1% Temporary, and 2% Contract. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $78,588 per year, or $37.8 per hour.

Loan Operations Specialist

The Phillip Charles Group -Taylor, Auburn Hills, Livonia, & Southfield

Troy, MI • On-site

$24 - $28/hr

Full-time

Medical, Dental, Vision

Posted 15 days ago

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Job description

The Phillip Charles Group has been servicing the local metro Detroit area for the past 30 years and has built incredibly strong partnerships with our clients, candidates and employees. We have worked with our current client for years and they are looking for a Loan Operations Specialist for a Contract opportunity based out of their Troy, MI location.


Role Overview: The Loan Operations Specialist manages accounting functions for Credit Unions, overseeing loan payments and credit advances, and handling MBL-related inquiries and escrow property tax accounting.


Schedule & Compensation:
- Contract Duration: Until October/November 2026, possible indefinite extension.
- Hours: Monday – Friday, 8:30 AM – 5:00 PM (in-office).
- Pay Rate: $24.00 - $28.00 per hour, based on experience.
Key Responsibilities:
- Administer daily loan payments and general ledger entries; ensure compliance and accurate accounting.
- Review transactions and cash accounts for correct payment collection and application.
- Manage ACH payments following NACHA protocols and internal controls.
- Coordinate month-end and quarter-end reporting and reconciliations.
- Collaborate with Loan Officers on payment issues and funding requests.
- Handle Loan Operations email communications and assist with ad-hoc reporting.
Required Skills & Qualifications:
- Minimum 5 years of experience in loan operations preferred.
- Bachelor’s Degree in Business Administration, Finance, or related field preferred.
- Knowledge of automated loan accounting systems and accounting principles.
- Experience with processing escrow payments and tax remittance.
- Strong verbal and written communication skills; able to collaborate effectively.
- Excellent organizational skills for managing deadlines and priorities.
Physical Requirements: Sedentary office role requiring standard office equipment use, ability to walk short distances, perform repetitive motions, and maintain close visual acuity for data analysis and reading.
Interested and qualified candidates for the opening should submit their resume for immediate consideration. Resumes will be reviewed as quickly as possible and qualified applicants will be contacted to set up an interview.

Company Description

WE LOVE HELPING OTHERS ADVANCE THEIR CAREERS. NOTHING MEANS MORE TO US THAN YOUR SUCCESS.
Our approach is rooted in developing deep and meaningful personal relationships with jobs seekers who have strong work ethics.
When you engage The Phillip Charles Group, you will work with well-established and trusted professionals who are chiefly focused on delivering job opportunities that are driven by your particular skills, interests and culture fit to help you find the right position.
THE PHILLIP CHARLES GROUP SPECIALIZES IN TEMPORARY, CONTRACT-TO-HIRE AND DIRECT HIRE PLACEMENT FOR JOB SEEKERS IN THE FOLLOWING BUSINESS SECTORS: