Intern - Operations - Loan Servicing

Midland States Bank; Effingham (IL); On-site; USD 18,000 - 23,000; Full time

Benefits offered by this job

Healthcare benefits

Paid time off

Employee Stock Purchase Plan

401K with company match

Non-Qualified Deferred Compensation

Job summary

Midland States Bank is offering an Intern - Loan Servicing position in St. Louis, MO or Rockford, IL. The role supports the Loan Servicing Department with routine tasks and special projects tied to the life of a loan.

The internship runs Summer 2027, with a 40-hour work week, Monday–Friday, between 8 a.m. and 5 p.m. Compensation is $15 per hour, with potential incentives and a strong Total Rewards framework. Applicants should be local to the stated areas.

Qualifications

• Enrolled in a degree program with at least 2 years completed.
• Demonstrates ability to learn and use new software and programs.
• Excellent written communication skills and strong organizational abilities.
• Comfortable working with technology and multiple banking systems.

Responsibilities

• Assist Loan Servicing tasks across daily operations and special projects.
• Support escrow administration, tax and insurance processing, flood compliance, and collateral maintenance.
• Handle data analysis, process improvements, and reporting across multiple systems.
• Collaborate with team members while following procedures and maintaining accuracy.
• Maintain compliance with applicable regulations including BSA.
• Perform other duties as assigned.

Skills

Written communication

Organizational skills

Time management

Problem-solving

Attention to detail

Teamwork

Education

Enrolled in degree program (2+ years completed)

Tools

Microsoft Office

Excel

Outlook

Job description

At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards).

Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.

Intern - Loan Servicing St. Louis, MO or Rockford, IL Rate of Pay: $15 an hour

At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident, and more excited to do great things for our customers, each other and our company.

We’re proud to be an Equal Opportunity and Aff…

Position Summary

The Loan Servicing Intern will provide assistance to the Loan Servicing Department with recurring operational and administrative responsibilities as well as special projects supporting the life of a loan.

Primary Accountabilities

• Assist with administrative and operational tasks across Loan Servicing functions based on department business needs and priorities.
• Gain exposure to areas such as escrow administration, tax and insurance processing, flood compliance, collateral maintenance, customer requests, quality control, and regulatory reporting.
• Support meaningful projects and assignments that contribute to department priorities and provide exposure to a variety of Loan Servicing functions.
• Assist with data analysis, process improvement initiatives, and work involving multiple banking systems and Microsoft Office applications.
• Collaborate with team members across different Loan Servicing functional areas while following established procedures and maintaining a high level of accuracy.
• Perform other duties as assigned.
• Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).

Position Qualifications

The internship will run for Summer of 2027 beginning mid-May and ending early August. Able to work a 40-hour work week, Monday-Friday, between 8 a.m. and 5 p.m. Must reside local to the St. Louis, MO or Rockford, IL area and report to the assigned office. Enrolled in a degree program at a college or university with at least 2 years completed. Works well in team environment. Excellent written communication skills. Demonstrates ability to learn and use new software and programs. Basic proficiency with Microsoft Office applications, particularly Excel and Outlook, is preferred. Comfortable working with technology and learning multiple banking systems. Ability to follow established procedures and maintain a high level of accuracy and attention to detail. Ability to handle confidential information with discretion. Strong organizational, communication, time management, and problem-solving skills.

Competencies

• Business insight
• Cultivates innovation
• Drives results
• Being a brand champion
• Collaborates
• Communicates effectively
• Customer focus
• Being Authentic
• Emotional Intelligence
• Self-development
• Being flexible and adaptable

Midland States Bank may use automated tools and artificial intelligence (“AI”) to assist with recruiting, screening, and hiring decisions. In accordance with the Illinois Human Rights Act (effective January 1, 2026), these tools are designed and monitored to be neutral and job-related, and must not be used in a way that discriminates against applicants or employees based on any protected characteristic.

At Midland, we’re proud to be a little different. You can see it in our bright orange signs—but there’s more to it than that. With our heartfelt and personalized approach, we’re focused on meeting every customer’s needs with the brightest solutions. For more than 140 years, we’ve learned by serving customers skillfully with dedication and follow-through, we can brighten every interaction to drive our collective success. And this goes beyond traditional banking. We foster programs that empower our communities, continuously invest in our employees, and actively pursue brighter futures for all. Our humble ambition keeps us growing, giving back, and looking ahead. We’re innovating and optimizing our services to ensure we stay unique – providing strength you can count on with heart you can feel. You might say we’re unlike any other bank. And you’d be right.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT