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Loan Review Officer Salary

A little over a half of Loan Review Officers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $33K to $107K per year, and the average comes out to $70K per year. Most Loan Review Officers like their work and job satisfaction is high. A large number report receiving medical coverage from their employers and most collect dental insurance. Women account for the majority of Loan Review Officers who responded to the questionnaire — 66 percent to be exact.

$35,129 - $103,636
(Median)
$35K
$70K
$100K
MEDIAN: $69,955
10%
50%
90%

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$14.39 - $27.12
(Median)
$14
$17
$27
MEDIAN: $16.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$35,129 - $103,636  
   
Bonus
$0.00 - $15,000  
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).
)
$33,130 - $107,375  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 76
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$14.39 - $27.12  
   
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$0.00 - $15,000  
   
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).
)
$33,130 - $107,375  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 10

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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.

Loan Officer Job Listings

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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.


Loan Review Officers who reported more years of relevant experience also reported higher earnings. Folks with fewer than five years of experience take home $52K on average, and those who have worked for five to 10 years see a bigger median salary of $54K. People with 10 to 20 years of experience make an average of about $78K in this role. Loan Review Officers with more than 20 years of experience report incomes that are no higher than those with 10 to 20 years on the job.

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.

United States (change)

Experience Affects Loan Review Officer Salaries

Late-Career
up arrow 23%

Experienced
up arrow 22%

National Average
$64,000

Mid-Career
up arrow 16%

Entry-Level
up arrow 19%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 20 votes.

Gender

Female
66 %
Male
34 %

Years of Experience

Less than 1 year
1%
1-4 years
10%
5-9 years
34%
10-19 years
30%
20 years or more
24%

Common Health Benefits

medical benefits Medical: 90% dental benefits Dental: 82%
vision benefits Vision: 61% employee benefits None: 8%