About three-fifths of Loan Review Officers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $34K to $112K per year, but median earnings come to around $71K annually. Most Loan Review Officers report high levels of job satisfaction. Women Loan Review Officers who took the survey just slightly outnumber men. Medical benefits are awarded to most, and a strong majority earn dental coverage. The data in this summary comes from the PayScale salary survey.

$38,126 - $110,807
(Median)
$38K
$71K
$110K
MEDIAN: $71,409
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$38,126 - $110,807  
   
Bonus
$503 - $24,832  
Profit Sharing
$4,500  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$34,092 - $111,503  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 43
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Job Description for Loan Review Officer

  • Track and maintain credit and loan data.
  • Work directly with clients to review agreements, explain programs, and negotiate loans and terms.
  • Obtain and compile financial information to evaluate loan applications and their risk.
  • Generate new clients and referrals through strong relationship building.

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Pay by Experience Level for Loan Review Officer

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries for the relatively untried average out to around $39K, but survey participants with five to 10 years of experience earn a significantly higher median of $60K. People with 10 to 20 years of experience make an average of about $78K in this role. For some reason, Loan Review Officers with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $77K.

Loan Review Officer Reviews

What is it like working as a Loan Review Officer?

Loan Review Officer in Eugene:
"Work flexibility."
Pros: As a loan review officer I like that I'm helping my company to reduce risk and identify problem loans early. The work is flexible and gives me the opportunity to take on other responsibilities and projects. With the ALLR management, I like to be a part of analyzing and establishing loss rates for current and future loans to also help my company minimize risk.
Cons: Loan review officer can get mundane reading loan after loan. I do have to remind myself that I'm helping the greater good of the bank. Sometimes I'm also not the most favorite person in the bank if I need to downgrade a loan or point out problems in loan approvals to loan officers. ALLR management is getting more and more difficult in justifying the current levels of reserves. Q & E factors are a challenge; examiners want you to quantify a subjective (per guidance) process, but the more you quantify, the less subjective it gets and they want support for the quantification. It's a thin like to walk to maintain subjectivity and some flexibility in management's decisions, but to quantify enough to satisfy examiners.

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Experience Affects Loan Review Officer Salaries

Experienced
up arrow 14%

Late-Career
up arrow 12%

National Average
$68,000

Mid-Career
up arrow 12%

Entry-Level
up arrow 43%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 8 votes.

Gender

Female
58 %
Male
42 %

Years of Experience

Less than 1 year
4%
1-4 years
15%
5-9 years
20%
10-19 years
39%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 79%
medical benefits
Vision: 64%
dental benefits
None: 12%
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