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Loan Operations Jobs in Michigan (NOW HIRING)

Oxford Bank

Loan Servicing Specialist

Flint, MI · On-site

This role works collaboratively with Loan Operations team members, internal partners, and external customers to support timely, accurate, and well-controlled loan servicing throughout the life of the ...

Oxford Bank

Loan Servicing Specialist

Flint, MI

This role works collaboratively with Loan Operations team members, internal partners, and external customers to support timely, accurate, and well-controlled loan servicing throughout the life of the ...

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 ...

Oxford Bank

Loan Closer

Flint, MI

Responsible for supporting Loan Operations projects, process improvement initiatives, and cross-training efforts as needed. * Accountable for compliance with all applicable regulatory requirements ...

SNB Technologies

Loan Servicing Associate

Hancock, MI · On-site

Loan Operations Reports To: Loan Servicing Coordinator Supervises: None Last Updated: 06.2026 Summary: Input and update loan data in the financial institution's computer system, prepare and verify ...

dfb

SBA Loan Closer

Dearborn, MI

Complete initial audit of loan file and coordinate transfer to loan operations for booking. * Maintain knowledge of SBA principles, procedures, compliance requirements and policies. What You'll Need:

dfb

SBA Loan Closer

Dearborn, MI · On-site

Complete initial audit of loan file and coordinate transfer to loan operations for booking. * Maintain knowledge of SBA principles, procedures, compliance requirements and policies. What You'll Need:

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All JobsLoan Operations JobsLoan Operations Jobs in Michigan

Loan Operations information

See Michigan salary details

$12

$21

$41

How much do loan operations jobs pay per hour?

As of Aug 10, 2026, the average hourly pay for loan operations in Michigan is $21.95, according to ZipRecruiter salary data. Most workers in this role earn between $15.48 and $25.14 per hour, depending on experience, location, and employer.

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 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 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 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 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 jobs in Michigan? For Loan Operations jobs in Michigan, the most frequently searched job titles are:
What job categories do people searching Loan Operations jobs in Michigan look for? The top searched job categories for Loan Operations jobs in Michigan are:
Loan Operations jobs near you
Infographic showing various Loan Operations 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 $45,661 per year, or $22 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 19 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: