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Loan Operations Jobs (NOW HIRING)

Zeal Credit Union

Loan Operations Clerk

Bessemer, MI · On-site

$18.25 - $22/hr

Join Zeal Credit Union as a Full-Time Loan Operations Clerk at our Operations Center located at 309 Industrial Access Road, Bessemer, MI. In this role, you'll be behind the scenes making sure loan ...

First Bank

Loan Operations Analyst

Strasburg, VA · On-site

We are seeking a detail-oriented and proactive Loan Operations Analyst to support back-office loan servicing functions. This role is focused on the day-to-day operations of loan servicing, including ...

Robert Half

Loan Operations Support Specialist

Midland, TX · On-site

$21.85 - $25.30/hr

We are looking for a detail-oriented Loan Operations Support Specialist to join a banking team in Midland, Texas. This contract opportunity with permanent potential is ideal for someone with ...

SYNERGY BANK

Loan Operations Assistant

New Roads, LA · On-site

$15 - $20/hr

Loan Operations Supervisor SCHEDULE: 40 Hours per week (Monday - Friday, 8 AM - 5 PM) POSITION SUMMARY: The Loan Operations Assistant provides both employees and customers with loan information and ...

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Loan Operations information

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$14

$25

$47

How much do loan operations jobs pay per hour?

As of Jun 26, 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.

How much does a loan officer make on a $500,000 loan?

A loan officer's compensation on a $500,000 loan typically includes a commission or fee, which can range from 0.5% to 2% of the loan amount, resulting in $2,500 to $10,000. The exact amount depends on the lender, the loan type, and the officer's commission structure, with some earning additional bonuses or salary-based pay.

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.

Is it hard to make it as a loan officer?

Becoming a loan officer requires strong communication skills, knowledge of lending regulations, and often a license or certification. Success depends on experience, networking, and understanding client needs, but the role can be competitive and may involve long hours during busy periods.

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.

How much does a loan operations specialist make?

A loan operations specialist typically earns between $45,000 and $70,000 annually, depending on experience, location, and the size of the employer. Entry-level roles may start lower, while experienced professionals or those with specialized skills can earn higher salaries. Certifications in loan processing or financial services can also influence compensation.
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Loan Operations jobs near you
Infographic showing various Loan Operations job openings in the United States as of June 2026, with employment types broken down into 1% As Needed, 52% Full Time, 41% Part Time, 2% Temporary, 3% Contract, and 1% Nights. Highlights an 96% Physical, 2% Hybrid, and 2% Remote job distribution, with an average salary of $52,388 per year, or $25.2 per hour.

Loan Operations Specialist

FIRST CITIZENS FEDERAL MASTER

Fairhaven, MA • On-site

$28/hr

Full-time

Posted 14 days ago

Job description

JOB SUMMARY
Perform a variety of functions including answering incoming client and customer calls, processing loan payoff requests, completing loan research and effectively communicating with customers and clients. Support the servicing of multiple financial institutions (including banks and credit unions).
ESSENTIAL FUNCTIONS - Listed below are some of the essential functions to carry out this job.
  • Respond and support customer and clients regarding consumer loans. Review daily consumer reports and resolve any exceptions.
  • Prepare payoff quotes and complete processing of payoff transactions on the core processing system.
  • Process loan payments for consumer and mortgage loans and ensure all electronic payments are posted correctly in the core processing system.
  • Scan and record consumer loan files daily; ensure all documentation is complete.
  • Reconcile all consumer loans (direct and indirect) general ledger accounts maintained by the loan operations department.
  • Review daily lockbox vendor exception files and makes adjustments as needed or forward to the appropriate client.
  • Submit and process insurance claims for auxiliary products such as life and disability claims.
  • Back up to various loan operation positions.
  • Ensure confidentiality within all areas of responsibility.
  • Positively promote the company, its services and products in various capacities as may be required including: meetings, conferences, community events, fund raising, public relations or other events as they may occur.
  • Adherence with company policies that could be amended from time to time.
  • Follow all procedures pertaining to the company policies of BSA, USA Patriot Act, and OFAC. Attend training's when available and to keep abreast of all information regarding changes and updates. Report to Management any acts of disregard to these policies.
  • Successfully complete all company required and job specific training.
  • Perform additional duties as required.

QUALIFICATIONS, EDUCATION REQUIREMENTS AND PREFERRED SKILLS
  • High school diploma or equivalent.
  • One to three years residential loan operation experience preferred.
  • Ability to work accurately with figures.
  • Ability to work independently and in a team environment.
  • Excellent written and verbal communication skills.
  • Must be organized and detail oriented.
  • Proficiency with Microsoft Office systems.
  • Bilingual (Spanish and/or Portuguese) a plus.
Working Conditions
The work environment characteristics described here are representative of those the team member encounters while performing the essential functions of this job.
Physical Demands Efforts
This function requires moderate standing, walking and sitting. Will be sitting while performing computer data entry functions. Position does not involve climbing or crawling but may on occasion kneel/squat. Requires lifting and moderate carrying of items up to 25 pounds such as a banker's box. Ability to operate normal office equipment such as, telephone, copy machine, fax, scanner, and computer.
Mental & Visual Demands
Specific vision abilities required by this job include: close vision and ability to adjust focus
Work Environment
This position typically works in an office environment. Noise is moderate and typical of conversations and office equipment.
Americans with Disabilities Act
Coastal Outsourced Solutions complies with all aspects of the Americans with Disabilities Act (ADA) and state disability laws. This means that we will not discriminate against qualified individuals with a disability in any phase of the employment relationship including application for employment, hiring, promotions and/or advancement opportunities, termination, compensation, training and any other conditions or privileges of employment. The company will provide reasonable accommodations that do not cause an undue hardship.
Additional Notes
• Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.
• This job description is subject to change at any time.

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