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Loan Operations Jobs (NOW HIRING)

Servbank

Loan Operations Specialist

Watseka, 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 ...

QCR Holdings, Inc

Loan Operations Lead

Davenport, IA · On-site

$60K/yr

Loan Operations JOB SUMMARY: The Loan Operations Lead is responsible for providing subject matter expertise in boarding and servicing of all types of commercial, consumer and mortgage loans. This ...

Customers Bank

Loan Operations Specialist

Malvern, PA · Hybrid

As a Loan Operations Specialist - Comprehensive Role , you will be responsible for a wide range of duties spanning onboarding, servicing, payments, and participation loans. Your role will ensure ...

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

Loan Operations Specialist

Hoopeston, 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 ...

John Marshall Bank

Loan Operations Manager

Reston, VA · On-site

Description The Loan Operations Manager is responsible for overall loan operations management, processes, and supervision of the loan operations team. This includes boarding, servicing, accounting ...

Servbank

Loan Operations Specialist

Clifton, 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

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

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

Bourbonnais, 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 ...

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Loan Operations information

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How much do loan operations jobs pay per hour?

As of Jun 1, 2026, the average hourly pay for loan operations in the United States is $25.19, according to ZipRecruiter salary data. Most workers in this role earn between $17.79 and $28.85 per hour, depending on experience, location, and employer.

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 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 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 do loan operations do?

Loan operations professionals manage the processing, servicing, and administration of loans within a financial institution. They handle tasks such as loan documentation, disbursement, payment processing, and compliance to ensure smooth loan lifecycle management. Strong attention to detail and familiarity with loan management systems are essential in this role.

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.

More about Loan Operations jobs
What cities are hiring for Loan Operations jobs? Cities with the most Loan Operations job openings:
What are the most commonly searched types of Loan Operations jobs? The most popular types of Loan Operations jobs are:
What states have the most Loan Operations jobs? States with the most job openings for Loan Operations jobs include:
What job categories do people searching Loan Operations jobs look for? The top searched job categories for Loan Operations jobs are:
Loan Operations jobs near you
Infographic showing various Loan Operations job openings in the United States as of May 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $52,388 per year, or $25.2 per hour.

Loan Operations Specialist

Servbank

Watseka, IL • On-site

$20 - $23.50/hr

Full-time

Posted 17 days ago

Job description

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.