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Loan Operations Jobs (NOW HIRING)

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.

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Loan Operations information

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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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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 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.

$65K - $85K/yr

Other

Posted 2 days ago


Job description

Description

National Covenant Properties (NCP) is a $400 million church extension fund, that operates as a financial

ministry affiliate of The Evangelical Covenant Church (ECC) denomination. NCP provides investment products

to members of Covenant churches and offers lending and real estate services solutions to local congregations

and affiliated organizations as they seek to expand their facilities and ministries. NCP is looking to fill the

position of Loan Operations Manager to provide administrative support to our lending operations in the

areas of loan document creation, preparation of loan closing packages, manage construction loan draw

process, customer service to our borrowers affiliated with the Evangelical Covenant Church.


Summary

The Loan Operations Manager will support the President and Vice Presidents of Real Estate Services for NCP.

In this position you will provide customer service to our borrowers by participating in all aspects of the NCP

lending process from post loan approval through loan payoff and release. You will interact extensively with

our Title Company vendors in support of the loan closing process. As the Loan Operations Manager you will

have the opportunity to apply your experience and knowledge of pre-loan requirements (for example Phase 1

environmental site assessments, land surveys and building inspections) in an environment where your work

and contribution truly matter. This position will collaborate in operational and administrative support efforts

to help advance NCP strategies and mission.


Essential Functions

Full Time; in office position, Monday through Friday; 8:30am -5:00pm; 95% of borrower and vendor

interaction through phone or email communication, 95% in person interaction with NCP President and

VPs of Real Estate Services.

Research and coordinate pre-loan Property Purchase activities for Phase I site inspections, land surveys,

building inspections, and local title company services. Monitor due diligence check list for property

purchases. Research and engage local church to maintain corporate good standing of loan applicants.

Prepare loan approval letters and legal document requirements for approved loans, order title

commitments, review for accuracy and ensure proper recording to maintain integrity of NCP collateral.

Prepare loan documentation packages for loans documented in LaserPro and monitor loan

documentation packages for loans documented with outside legal counsel.

Manage loan closing process, communication with Title companies, borrowers and all stakeholders to

successfully close and book the loan.

Monitor post-closing completion of physical and electronic legal file documents for all loans.

June, 2026

Direct construction loan escrow process insuring compliance from all stakeholders (church, title

company, local contractors) to maintain NCP lien position on construction lending projects.

Exercise discretion and independent judgement in preparation of loan modifications as approved by the

NCP Board of Directors

Manage compliance for active certificates of property insurance, UCC filing renewals, and financial

statement collection cycle on every loan, with support from NCP customer services representatives.

Manage loan rate adjustment cycle and provide customer service and communication for loan payment

inquiries,

Other projects as assigned by the President and Sr. Vice President of Operations


Requirements

Education and Experience

Required: Bachelor's degree in business, economics, finance or accounting, equivalent combination of

education and experience. Knowledge and experience in the loan processing industry a plus. 3-5 years

experience in supporting role in lending industry, including experience in an office environment with loan

documentation, loan closings, construction loan escrow and emphasis on customer service.


Skills

Personal and demonstrated Christian faith (member or regular attender of a Covenant church

preferred).

Mastery of Office 365, Microsoft and Windows application, databases development and management,

and web technologies.

Detail oriented, strong organization, prioritization and time-management skills are eminent.

A team player that ensures caring and excellent customer service to account holders.

Excels in attention to detail with high level of accuracy in preparation of financial transactions, written

documents, reports and correspondence.

Effectively communicates in written and verbal forms in person and via communication mediums.

Works well under pressure and is able to accurately accomplish multiple tasks, with conflicting priorities

and timelines. Ability to track and report progress on a wide range of tasks, simultaneously.

Ability to respond to and deal with a range of ad hoc queries/requests.

Capable of managing stress by accepting criticism, engaging in conflict resolution, dealing calmly and

effectively with high stress situations.

Ability to operate with discretion and confidentiality at all times, especially related to customer

information

Maintains flexibility in approach and adjusts actions when appropriate.

Uses critical thinking skills to exercise discretion and independent judgement, applying logic and

reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches

to address challenges.

Self-starter, with ability to effectively engage with attorneys, title companies, and outside real estate

service providers to work independently.


Environment Conditions

Able to work well in professional office setting, occasionally works evenings and weekends. Must be

versatile and able to work for prolonged segments sitting or standing. Must engage frequently with office

tools and equipment, such as: computer, copier, phone, web-conferencing equipment, cell communication,

printers, calculators, scanners, etc. Must be able to occasionally lift or move items, less than 35 lbs.