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Loan Operations Processor Jobs (NOW HIRING)

Servbank

Loan Operations Specialist

Savoy, IL · On-site

$20 - $23.50/hr

Job Type Full-time Description The Loan Operations Specialist supports the operational processing and system maintenance of consumer and commercial loans after closing. This role is responsible for ...

Servbank, sb Inc.

Loan Operations Specialist

Savoy, IL · On-site

$20 - $23.50/hr

Description The Loan Operations Specialist supports the operational processing and system maintenance of consumer and commercial loans after closing. This role is responsible for accurate loan ...

Servbank, sb Inc.

Loan Operations Specialist

Danville, IL · On-site

$20 - $23.50/hr

Description The Loan Operations Specialist supports the operational processing and system maintenance of consumer and commercial loans after closing. This role is responsible for accurate loan ...

Servbank

Loan Operations Specialist

Savoy, IL · On-site

$20 - $23.50/hr

The Loan Operations Specialist supports the operational processing and system maintenance of consumer and commercial loans after closing. This role is responsible for accurate loan boarding, ongoing ...

Servbank

Loan Operations Specialist

Champaign, IL · On-site

$20 - $23.50/hr

The Loan Operations Specialist supports the operational processing and system maintenance of consumer and commercial loans after closing. This role is responsible for accurate loan boarding, ongoing ...

Servbank

Loan Operations Specialist

Bourbonnais, IL · On-site

$20 - $23.50/hr

The Loan Operations Specialist supports the operational processing and system maintenance of consumer and commercial loans after closing. This role is responsible for accurate loan boarding, ongoing ...

Servbank

Loan Operations Specialist

Watseka, IL · On-site

$20 - $23.50/hr

Job Type Full-time Description The Loan Operations Specialist supports the operational processing and system maintenance of consumer and commercial loans after closing. This role is responsible for ...

Servbank

Loan Operations Specialist

Oswego, IL · On-site

$20 - $23.50/hr

Job Type Full-time Description The Loan Operations Specialist supports the operational processing and system maintenance of consumer and commercial loans after closing. This role is responsible for ...

Servbank

Loan Operations Specialist

Hoopeston, IL · On-site

$20 - $23.50/hr

Job Type Full-time Description The Loan Operations Specialist supports the operational processing and system maintenance of consumer and commercial loans after closing. This role is responsible for ...

Servbank

Loan Operations Specialist

Danville, IL · On-site

$20 - $23.50/hr

Job Type Full-time Description The Loan Operations Specialist supports the operational processing and system maintenance of consumer and commercial loans after closing. This role is responsible for ...

Servbank

Loan Operations Specialist

$20 - $23.50/hr

Job Type Full-time Description The Loan Operations Specialist supports the operational processing and system maintenance of consumer and commercial loans after closing. This role is responsible for ...

Servbank

Loan Operations Specialist

Oswego, IL · On-site

$20 - $23.50/hr

The Loan Operations Specialist supports the operational processing and system maintenance of consumer and commercial loans after closing. This role is responsible for accurate loan boarding, ongoing ...

Goal Solutions

Operations Processor

Sioux Falls, SD · On-site

Job Type Full-time Description This role exists to ensure loan servicing work is processed accurately, on time, and without errors. You'll support daily operations that directly impact borrower ...

Alliant

Loan Operations Specialist

Chicago, IL · Hybrid

$38K - $53K/yr

Loan Operations Specialist Essential Responsibilities Process and submit ancillary product claims and cancellations Process file maintenance related to approved consumer charge-off accounts, member ...

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How much do loan operations processor jobs pay per hour?

As of Jun 5, 2026, the average hourly pay for loan operations processor in the United States is $21.30, according to ZipRecruiter salary data. Most workers in this role earn between $18.03 and $24.04 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Loan Operations Processor, and why are they important?

To thrive as a Loan Operations Processor, you need strong attention to detail, organizational abilities, and knowledge of loan documentation and financial regulations, usually supported by a high school diploma or relevant experience. Familiarity with loan origination software, banking systems, and compliance tools is typically required. Excellent communication, problem-solving, and time-management skills help you effectively coordinate with clients and team members. These competencies ensure accurate processing, regulatory compliance, and efficient workflow within the lending department.

How does a Loan Operations Processor typically collaborate with other departments during the loan lifecycle?

Loan Operations Processors work closely with loan officers, underwriters, and compliance teams to ensure accurate and timely processing of loan documents. They are often responsible for gathering and verifying documentation, resolving discrepancies, and updating records, which requires clear communication and coordination across departments. This collaborative environment helps maintain compliance with regulations and streamlines the overall loan process, making strong organizational and interpersonal skills essential for success in this role.

What are Loan Operations Processors?

Loan Operations Processors are professionals who handle the administrative and operational tasks associated with processing loans for banks, credit unions, or other financial institutions. They review loan applications for accuracy, prepare necessary documentation, ensure compliance with regulations, and coordinate with other departments to facilitate loan approvals and funding. Their role is essential in ensuring loans are processed efficiently and accurately from application to closing.

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

AspectLoan Operations ProcessorLoan Underwriter
Primary RoleHandles loan processing, data entry, and document verificationEvaluates loan applications, assesses risk, and approves or denies loans
Required CredentialsTypically high school diploma or equivalent; some certifications beneficialOften requires mortgage or lending certifications; relevant experience
Work EnvironmentOffice setting within banks or lending institutionsOffice environment, often in underwriting or risk departments
Industry UsageCommon in banking, mortgage, and financial servicesPrimarily in mortgage lending and banking sectors

The main difference is that Loan Operations Processors focus on processing and verifying loan documents, while Loan Underwriters evaluate loan applications to determine approval. Both roles are essential in the lending process but serve different functions within the loan lifecycle.

More about Loan Operations Processor jobs
What job categories do people searching Loan Operations Processor jobs look for? The top searched job categories for Loan Operations Processor jobs are:
Loan Operations Processor jobs near you
Infographic showing various Loan Operations Processor job openings in the United States as of May 2026, with employment types broken down into 5% As Needed, 47% Full Time, 38% Contract, and 10% Nights. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.

Loan Operations Specialist

Servbank

Savoy, IL • On-site

$20 - $23.50/hr

Full-time

Posted 24 days ago

Job description

Job Type
Full-time
Description
The Loan Operations Specialist supports the operational processing and system maintenance of consumer and commercial loans after closing. This role is responsible for accurate loan boarding, ongoing core system maintenance, and operational controls related to the bank's loan portfolio. This role is critical in maintaining data integrity, compliance with banking regulations, minimizing operational risk, and delivering high-quality service to internal partners and customers.
Key Responsibilities
  • Book new loans, renewals, modifications, and extensions into the core system based on approved and executed transactions
  • Perform general maintenance updates on core system loan records and resolve exceptions or issues in a timely manner
  • Ensure loan data integrity by validating system inputs and reconciling discrepancies
  • Support operational compliance by adhering to internal policies, procedures, and regulatory requirements
  • Review and monitor loan-related reports
  • Reconcile designated loan related GLs
  • Process payment corrections, fees, and other loan-related transactions
  • Accurately process participation loan payments and advances
  • Coordinate with the bank's sales team and other operational departments to ensure loans are accurately accounted for and customer expectations are met
  • Support internal and external audits, including regulatory examinations
  • Participate in system testing, conversions, and loan operations projects

Requirements
  • High-school diploma required; associate or bachelor's degree in finance, Business, Accounting, or related field preferred.
  • 1-4+ years of prior loan operations or banking experience are preferred
  • Experience with core banking and loan systems including Fiserv Premier and Fiserv DNA
  • Working knowledge of loan products from an operational and servicing perspective
  • Working knowledge of banking regulations and compliance requirements

Required Skills
  • Strong attention to detail and commitment to data accuracy
  • Strong analytical, problem-solving, and decision-making skills
  • Excellent written and verbal communication abilities
  • Strong organizational skills
  • Ability to manage multiple priorities in a fast-paced environment
  • Proficiency in Microsoft Office (Excel, Word, Outlook)
  • Ability to work independently while collaborating effectively with cross functional partners

EEO Statement:
We're an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.
Salary Description
$20 - $23.50 per hour

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