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Commercial loan reviewer vs commercial loan officer

The differences between commercial loan reviewers and commercial loan officers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 3-6 months to become a commercial loan reviewer, becoming a commercial loan officer takes usually requires 4-6 years. Additionally, a commercial loan officer has an average salary of $70,876, which is higher than the $48,731 average annual salary of a commercial loan reviewer.

The top three skills for a commercial loan reviewer include appraisal review, lenders and SBA. The most important skills for a commercial loan officer are customer service, loan portfolio, and financial statements.

Commercial loan reviewer vs commercial loan officer overview

Commercial Loan ReviewerCommercial Loan Officer
Yearly salary$48,731$70,876
Hourly rate$23.43$34.08
Growth rate-3%4%
Number of jobs36,03591,582
Job satisfaction--
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 76%
Average age4445
Years of experience66

Commercial loan reviewer vs commercial loan officer salary

Commercial loan reviewers and commercial loan officers have different pay scales, as shown below.

Commercial Loan ReviewerCommercial Loan Officer
Average salary$48,731$70,876
Salary rangeBetween $31,000 And $76,000Between $50,000 And $100,000
Highest paying City-Fort Lee, NJ
Highest paying state-Maine
Best paying company-Glacier Ban
Best paying industry-Finance

Differences between commercial loan reviewer and commercial loan officer education

There are a few differences between a commercial loan reviewer and a commercial loan officer in terms of educational background:

Commercial Loan ReviewerCommercial Loan Officer
Most common degreeBachelor's Degree, 50%Bachelor's Degree, 76%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Commercial loan reviewer vs commercial loan officer demographics

Here are the differences between commercial loan reviewers' and commercial loan officers' demographics:

Commercial Loan ReviewerCommercial Loan Officer
Average age4445
Gender ratioMale, 38.2% Female, 61.8%Male, 73.8% Female, 26.2%
Race ratioBlack or African American, 10.3% Unknown, 4.0% Hispanic or Latino, 15.6% Asian, 4.3% White, 65.3% American Indian and Alaska Native, 0.6%Black or African American, 9.3% Unknown, 4.6% Hispanic or Latino, 15.5% Asian, 6.5% White, 63.6% American Indian and Alaska Native, 0.5%
LGBT Percentage9%8%

Differences between commercial loan reviewer and commercial loan officer duties and responsibilities

Commercial loan reviewer example responsibilities.

  • Audit and correct commercial loan documents using LaserPro and then send to loan officers for signing.
  • Participate in meetings with inter agencies and other entities as appropriate to facilitate and enhance the Medicaid eligibility determination process.
  • Maintain positive communication with engineers, architects, home owners, and contractors.
  • Participate in meetings with inter agencies and other entities as appropriate to facilitate and enhance the Medicaid eligibility determination process.

Commercial loan officer example responsibilities.

  • Create and manage mortgage loan department along with commercial consumer, SBA and real estate lending producing additional revenue stream.
  • Manage a multifacete commercial real estate investment firm.
  • Mortgage underwriter for FHA direct endorsement, VA authorize & FNMA delegate programs.
  • Sign and issue payroll checks to contractors hire to complete REO projects.
  • Secure new loans, investment accounts, treasury management products and depository accounts.
  • Compile figures for sales amount prior to selling real estate own (REO).
  • Show more

Commercial loan reviewer vs commercial loan officer skills

Common commercial loan reviewer skills
  • Appraisal Review, 32%
  • Lenders, 12%
  • SBA, 12%
  • Financial Institutions, 11%
  • UCC, 10%
  • Code Compliance, 7%
Common commercial loan officer skills
  • Customer Service, 9%
  • Loan Portfolio, 8%
  • Financial Statements, 6%
  • Business Development, 6%
  • Commercial Loans, 4%
  • Bank Products, 4%

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