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Loan Operations Manager Jobs (NOW HIRING)

Thrivent Financial

$81K - $110K/yr

The Student Loan Operations Manager is a subject matter expert with deep knowledge of the end-to-end student lending lifecycle. This role is responsible for the administration, compliance ...

Piermont Bank

Senior Manager, Loan Operations

New York, NY · On-site

$130K - $170K/yr

The Loan Operations Manager will lead, supervise and direct all daily loan closing and loan servicing activities. Responsible for interfacing with Lending Officers, the Credit Team, Senior Management ...

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Loan Operations Manager information

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$43K

$90.2K

$150K

How much do loan operations manager jobs pay per year?

As of Jul 11, 2026, the average yearly pay for loan operations manager in the United States is $90,166.00, according to ZipRecruiter salary data. Most workers in this role earn between $62,000.00 and $109,000.00 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.

How much does a loan officer make on a $500,000 loan?

A loan officer typically earns a commission or fee based on the loan amount, often around 1% to 2%, which would be $5,000 to $10,000 for a $500,000 loan. The total compensation can also include a base salary and bonuses, depending on the employer and location. Skills in underwriting and customer service can influence earning potential.

Is MLO a stressful job?

A Loan Operations Manager role can be stressful due to the high volume of loan processing, strict regulatory compliance, and the need for accuracy under tight deadlines. Managing multiple tasks and coordinating with various teams require strong organizational skills and attention to detail, which can contribute to job pressure.

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.

How much does a loan operations manager make?

A loan operations manager typically earns between $60,000 and $120,000 annually, depending on experience, location, and the size of the organization. They often require strong knowledge of loan processing, compliance, and financial software tools. Salaries can vary based on industry and certification levels.

What Is the Job Description of 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 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
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Loan Operations Manager jobs near you
Infographic showing various Loan Operations Manager job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 87% Full Time, 8% Part Time, and 4% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $90,166 per year, or $43.3 per hour.

Loan Operations Manager

Jacobs & CO Mortgage

Atlanta, GA • On-site

Full-time

Medical, Dental, Vision, Retirement, PTO

Posted 12 days ago

Job description

Jacobs & Co. has been a trusted partner in helping borrowers achieve homeownership for over 9 years. Our team-oriented atmosphere fosters a culture of excellence, focused on delivering exceptional customer experiences. We prioritize being a trusted advisor to clients, tailoring services to meet their unique needs and circumstances.

In this role, you will maintain a deep understanding of loan products, features, services, and behaviors. You'll ensure ongoing product compliance by monitoring and testing existing products, and you'll develop, document, and validate business and technical requirements, process flows, use cases, test plans, and work streams for both existing and new product launches, including interest rate and loan fee plans. A key responsibility will be to create and maintain documentation and test work papers related to system configurations and environments, ensuring alignment with mandated risk controls.

As a functional and technical subject matter expert, you'll ensure loan products and technical decisions meet strategic goals and regulatory requirements. Collaborating with cross-functional teams, you’ll prioritize strategic requests, execute high-quality changes, and keep stakeholders informed. You'll also oversee product integration by managing general ledger interfaces for principal, accrued interest, interest expense, and event fee assessments in partnership with Reconciliation and Accounting teams.

Job Requirements

  • 3+ years Banking Operations experience; or a combination of education and experience. PC proficient, including MS Word and MS Excel.

  • 3 – 5 years of experience in product management and core banking platform.

  • 3+ years supervisory/managerial experience required.

  • 3+ years of experience working with FIS IBS InSight and related third-party vendors.

  • Proven accuracy and thoroughness

  • Analytical and problem-solving skills.

  • Able to work independently.

  • Good written and verbal communication skills

  • Adapts easily to change in the work environment.

Benefits

  • Competitive salary and performance-based bonuses.

  • Comprehensive health, dental, and vision insurance.

  • 401(k) retirement plan with company match.

  • Paid time off and holidays.

  • Professional development and training opportunities.

  • Supportive and collaborative work environment.