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Loan Operations Jobs (NOW HIRING)

The full-time position of Loan Operations Specialist is responsible for day-to-day duties within the Loan Operations Department and supports the Lending staff in other banking locations. Must have 5 ...

Loan Operations Manager

Clinton, MA · On-site +1

$66K - $90K/yr

Loan Operations Manager Pay Range $66,971 - $90,413 annually Hybrid with 2 days remote. Standard business hours; additional hours may be required during audits, examinations, or system conversions.

JOB SUMMARY The Loan Operations Specialist is responsible for supporting Loan Administration in the overall operations of the department. They support operational functions to include Loan Processing ...

New

Direct loan operations activities to meet established goals and appropriate turnaround time to meet regulatory requirements for time sensitive activities. * Ensure that Loan Operations complies with ...

The Loan Operations Specialist is responsible for producing accurate loan documents on a timely basis. This position is in charge of examining loan documents to ensure accuracy and compliance with ...

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Loan Operations information

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How much do loan operations jobs pay per hour?

As of Jul 16, 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 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 role of loan operations?

Loan operations professionals manage the processing, servicing, and administration of loans to ensure accurate and efficient handling throughout the loan lifecycle. They handle tasks such as loan disbursement, payment processing, compliance monitoring, and record keeping, often using specialized software and adhering to regulatory standards.

How much does a loan operations manager make?

A loan operations manager typically earns between $70,000 and $120,000 annually, depending on experience, location, and the size of the financial institution. They oversee loan processing, compliance, and team management, often requiring knowledge of loan systems and regulatory standards.

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. Compensation can also include a base salary and bonuses, depending on the employer and experience level. Skills in underwriting and customer service are important 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.

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 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 jobs pay 500,000 a year in the US?

In the US, high-paying roles such as senior executives, investment bankers, specialized surgeons, and successful entrepreneurs can earn $500,000 or more annually. These positions often require advanced education, extensive experience, and strong industry networks, with compensation frequently including bonuses, stock options, or profit sharing.
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:
Infographic showing various Loan Operations 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 $52,388 per year, or $25.2 per hour.
Loan Systems & Operations Specialist

Loan Systems & Operations Specialist

Union Bank

Paris, AR • On-site

Full-time

Posted 10 days ago


Job description

JOB TITLE: Loan Systems & Operations Specialist
FLSA STATUS: Non-Exempt
DATE: July 2026
SAFETY SENSITIVE: No
DEPARTMENT: Loan Operations
REPORTS TO: VP Loan Operations Manager
JOB SUMMARY
The Loan Systems & Operations Specialist serves as a key support resource for Loan Operations by maintaining expertise in the Bank's loan processes, systems, and workflow technologies. This position is responsible for understanding the loan lifecycle from origination through servicing, supporting system administration functions, assisting with implementation and maintenance of Loan Vantage (LV) and related loan systems, developing operational procedures, coordinating projects, and providing end-user training. The role acts as a secondary resource and backup to the VP Loan Operations and other loan systems administrators to ensure operational efficiency and consistency across the organization.
ESSENTIAL DUTIES AND OTHER RESPONSIBILITIES
  • Deliver exceptional customer service through professional, responsive, and solution-oriented interactions.
  • Develop a thorough understanding of the Bank's loan process from application through booking, servicing, documentation tracking, and payoff.
  • Assist with the administration, configuration, maintenance, and enhancement of Loan Vantage and other loan-related systems.
  • Collaborate with the VP Loan Operations and system administrators to identify opportunities for process improvement and workflow automation.
  • Build, test, document, and implement loan workflows, templates, forms, and system enhancements within Loan Vantage and related platforms.
  • Coordinate and execute assigned loan operations and technology projects.
  • Develop written procedures, user guides, and training materials for loan systems and operational processes.
  • Provide training and ongoing support to lenders, loan assistants, loan processors, and other Bank personnel on loan systems and workflows.
  • Serve as a resource for troubleshooting loan system issues and escalating concerns when necessary.
  • Participate in system upgrades, testing, and implementation of new products, features, and enhancements.
  • Review loan documentation and loan records for accuracy, completeness, and compliance with Bank policies and procedures.
  • Assist with system reporting, data validation, and quality control efforts.
  • Recommend process improvements that increase operational efficiency, accuracy, and user adoption.
  • Maintain effective working relationships with lending, loan operations, compliance, information technology, and other departments.
  • Support cross-training initiatives and provide backup support for critical loan operations functions.
  • Maintain in-depth knowledge of Bank products, services, policies, procedures, and loan systems.
  • Understand and comply with Bank policies, laws, regulations, and the Bank's BSA/AML Program, including:
    • Complete required compliance training.
    • Adhere to internal procedures and controls.
    • Report known violations of policies, laws, or regulations.
    • Report suspicious customer and/or account activity.
  • Maintain confidentiality of sensitive customer, employee, and Bank information.
  • Promote professionalism, teamwork, accountability, and continuous improvement.
  • Exhibit exemplary attendance and punctuality.
  • Comply with company policies and procedures.
  • Perform other duties as assigned.

KNOWLEDGE, SKILLS, AND ABILITIES
  • Comprehensive knowledge of loan operations, loan documentation, loan processing, and loan servicing functions.
  • Strong understanding of the complete loan lifecycle and associated operational workflows.
  • Ability to learn, administer, and support loan origination, document preparation, and workflow management systems.
  • Experience working with Loan Vantage or similar loan origination and workflow systems preferred.
  • Ability to develop, document, and implement operational procedures and system enhancements.
  • Strong project coordination and organizational skills.
  • Ability to independently manage multiple assignments and priorities.
  • Strong analytical and problem-solving abilities.
  • Excellent written, verbal, presentation, and training skills.
  • Strong attention to detail and commitment to accuracy.
  • Ability to identify process improvement opportunities and recommend effective solutions.
  • Proficiency in Microsoft Outlook, Word, Excel, and other commonly used Bank software applications.
  • Ability to work collaboratively with employees at all organizational levels.
  • Ability to maintain strict confidentiality and exercise sound judgment.

SUPERVISORY RESPONSIBILITIES AND INTERACTIONS WITH OTHERS
This position has no direct supervisory responsibilities. The Loan Systems & Operations Specialist regularly interacts with lenders, loan assistants, loan processors, loan operations personnel, technology teams, management, auditors, and vendors. The position may provide functional guidance and training to employees using loan systems and operational workflows.
EDUCATION, TRAINING, AND EXPERIENCE
Required
  • High school diploma or equivalent.
  • Minimum of three (3) years of experience in loan processing, loan operations, loan documentation, loan servicing, or a closely related banking function.
  • Demonstrated understanding of loan documentation and banking operational processes.

Preferred
  • Associate's or Bachelor's degree in Business, Finance, Accounting, Information Systems, or a related field.
  • Five (5) or more years of banking experience.
  • Experience with loan origination systems, workflow systems, or document management platforms.
  • Experience developing procedures, conducting training, or participating in system implementation projects.