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Loan Review Officer Salary

Loan Review Officers in the United States tend to be well-versed in their field, and slightly more than half have more than 10 years of experience. Average salary is expected to be around $71K annually, but may range from $33K to $108K per year. Most Loan Review Officers report high levels of job satisfaction. Most report receiving medical coverage from their employers and a large number collect dental insurance. Respondents to the PayScale salary survey provided the data for this report.

$35,129 - $103,636
(Median)
$35K
$71K
$100K
MEDIAN: $70,937
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).
)
$33,058 - $108,194  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 76

Find Out Exactly What You Should Be Paid

United States (change)


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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.


Relatively untried employees who have less than five years' experience have a median salary of $52K. Those who have been around for five to 10 years can expect to take home more — $54K on average. On average, Loan Review Officers make $78K following one to two decades on the job. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $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.

United States (change)

Experience Affects Loan Review Officer Salaries

Experienced
up arrow 17%

Late-Career
up arrow 17%

National Average
$66,000

Mid-Career
up arrow 18%

Entry-Level
up arrow 22%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 18 votes.

Gender

Female
70 %
Male
30 %

Years of Experience

Less than 1 year
1%
1-4 years
11%
5-9 years
34%
10-19 years
29%
20 years or more
25%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 82%
vision benefits Vision: 62% employee benefits None: 8%
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