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Loan Operations Jobs in Alabama (NOW HIRING)

Minimum of one year clerical and loan operations experience. * Minimum of one year experience as a real estate loan assistant, closing agent, or equivalent experience. * Proven knowledge of loan ...

As a Loan Specialist , this position supports the branch manager in maintaining a profitable and ... In the manager's absence, this role oversees office operations to maintain continuity and ...

Our suite of products includes bridge loans, value-add loans, new construction loans, and permanent ... operations, enabling an efficient and client-focused lending experience. Job Summary Dunmor is ...

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Loan Operations information

See Alabama salary details

$12

$22

$42

How much do loan operations jobs pay per hour?

As of Aug 27, 2026, the average hourly pay for loan operations in Alabama is $22.83, according to ZipRecruiter salary data. Most workers in this role earn between $16.11 and $26.15 per hour, depending on experience, location, and employer.

What is loan operations?

Loan Operations refers to the department or team within a financial institution responsible for managing the administrative and processing aspects of loans. This includes tasks such as loan documentation, funding, payments processing, servicing, auditing, and compliance. Loan Operations professionals ensure that loans are processed accurately, adhere to regulatory requirements, and that customer accounts are managed efficiently throughout the loan lifecycle. Their work supports both the front-line lending staff and the institution’s risk management efforts.

What are some typical challenges faced in a loan operations role, and how can they be managed effectively?

In Loan Operations, professionals often encounter challenges such as managing high volumes of loan documentation, ensuring compliance with changing regulations, and coordinating with multiple departments to process loans efficiently. Staying organized and detail-oriented is crucial to avoid errors and delays. Effective communication and leveraging technology, such as loan management systems, can help streamline workflows and maintain accuracy throughout the process.

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

To thrive as a Loan Operations Specialist, you need strong attention to detail, knowledge of loan processing procedures, and a background in finance or banking, often supported by a relevant degree or experience. Familiarity with loan management systems, document management software, and compliance regulations is typically required. Excellent organizational skills, analytical thinking, and effective communication set top performers apart in this role. These capabilities are crucial for ensuring accurate loan documentation, regulatory compliance, and efficient loan servicing operations.

What is the difference between Loan Operations vs Loan Processing?

AspectLoan OperationsLoan Processing
Primary FocusOverseeing the entire loan lifecycle, including compliance, risk management, and workflow coordinationPreparing and verifying loan documents, data entry, and initial review of loan applications
Required SkillsKnowledge of loan policies, regulatory requirements, and operational proceduresAttention to detail, document review, and data accuracy
Work EnvironmentOperations teams within banks or financial institutions, often involving cross-department collaborationLoan processing departments, often within lending or credit units

Loan Operations involves managing the overall loan process, ensuring compliance, and coordinating between departments, while Loan Processing focuses on the initial review and preparation of loan documents. Both roles are essential in the lending industry but differ in scope and responsibilities.

What are the most commonly searched types of Loan Operations jobs in Alabama?

The most popular types of Loan Operations jobs in Alabama are:

What are popular job titles related to Loan Operations jobs in Alabama?

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

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

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

What cities in Alabama are hiring for Loan Operations jobs?

Cities in Alabama with the most Loan Operations job openings:

Infographic showing various Loan Operations job openings in Alabama as of August 2026, with employment types broken down into 1% As Needed, 81% Full Time, 12% Part Time, 1% Temporary, 4% Contract, and 1% Nights. Highlights an 93% Physical, 3% Hybrid, and 4% Remote job distribution, with an average salary of $47,484 per year, or $22.8 per hour.

Loan Operations Specialist

Mobile, AL • On-site

Merchants & Marine Bank
Commercial Banking • 51 - 200 employees

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 21 days ago


Job description

Overview
Merchants and Marine Bank has been proudly serving the communities along the Gulf Coast since 1899. If you are highly motivated, enthusiastic and thrives in a team environment, we have an opportunity that may be right for you.
Why Work for Us
  • Medical, Vision and Dental Insurance
  • 401-K Plan
  • 11 Paid Holidays
  • Personal Paid Time Off
  • Term Life, AD&D and Disability Insurance
  • Student Loan and Tuition Assistance
  • Fitness Center Reimbursement

Job Purpose
Processes loan file maintenance, new and renewal booking, securing, maintaining and releasing security interests, insurance related requirements, electronic and physical file management, reviewing and validating commercial and consumer documentation. This position works directly with internal and external (state and local motor vehicle and titling agencies, and insurance companies) clients. Ensures service standards, policies, procedures are adhered to, and client needs are met. This role will handle basic to complex administrative activities. Must be able to operate independently and make appropriate decisions within defined authority.
Duties and Responsibilities
  • Processes all activities related to collateral management: securing, maintaining, and releasing security interest on new and existing loans.
  • Processes all activities related to filing and scanning activities for new loan transactions and modifications to existing transactions.
  • Processes all activities related to new and renewed loan booking.
  • Processes all activities related to insurance requirements.
  • Processes all activities related to loan file maintenance.
  • Processes all activities related to reviewing and validating commercial and consumer documentation for quality and accuracy.
  • Processes all activities related to reviewing and validating commercial and consumer accuracy to the loan system of record.
  • Process all activities related to adverse action loans.
  • Process all activities related to money gram checks.
  • Ensures compliance with loan policies, credit requirements, procedures, and transaction documentation requirements.
  • Partner with all operational and client facing employees to resolve loan account related issues and ensure compliance with established bank policy.
  • Provide ongoing processing support for the Bank's various technology options.
  • Demonstrate professional behavior that supports team efforts and enhances team behavior, performance and productivity.
  • All other duties and responsibilities as assigned to support the Bank's mission and strategic objectives.

Qualifications
  • 1+ year experience in supporting loan activities.
  • Bachelor's degree in business, Finance or Accounting preferred but not required.
  • Knowledge of loan processes, documentation, operations, and basic loan accounting is preferred.
  • Basic knowledge of accounting and or documentation processes; Proficiency with MS Office applications. Strong organization, communication, and interpersonal skills.

Working Conditions
  • Ability to work under stress and meet deadlines.
  • Ability to operate related equipment to perform the essential job functions.
  • Ability to read and interpret a document if required to perform the essential job functions.
  • Ability to travel if required to perform the essential job functions.

Physical Requirements
  • Ability to sit at a computer monitor for extended periods of time.
  • Ability to perform repetitive finger, hand, and arm movements.
  • Ability to lift up to 15lbs.
  • Ability to effectively discern information and formulate appropriate action.
  • Ability to reach, squat, bend, and manually manipulate standard office equipment.
  • Ability to drive to various locations.
  • Ability to think critically and provide appropriate solutions.