A person working as a Loan Operations Specialist in United States of America will on average earn $40009 per year (pre-tax value). Salary is provided in USD ($/dollar) value.
Below is a break-down of yearly, monthly, weekly and hourly rate.
| Rate Type | Amount (USD) |
|---|---|
| Yearly salary | $40,009.00 |
| Weekly salary | $769.40 |
| Daily salary | $109.61 |
| Hourly salary | $13.70 |
This means loan operations specialist salary is below average!
Job Industry: banking
Description: A loan operations specialist is responsible for managing the operational aspects of loan processing within a financial institution. They ensure that loan applications are accurately processed, documentation is complete, and loan disbursements are made in a timely manner. Their duties include reviewing loan documents, verifying borrower information, coordinating with loan officers and underwriters, and maintaining loan files. They also handle loan servicing activities, such as processing payments, updating loan information, and resolving any issues related to loan accounts. Additionally, loan operations specialists may assist in preparing reports, conducting audits, and ensuring compliance with regulatory requirements.
Tagged with: loan operations, loan processing, loan documentation, loan servicing, financial institution, compliance.