Loan Review Officer Salary
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.
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.