How To Become A Loan Review Analyst: What It Is and Career Path

What is a loan review analyst and how to become one

Updated January 8, 2025

3 min read

A Loan Review Analyst is an individual who evaluates all credit documents, the quality of commercial loans, and assigns risk rating. The position is responsible for receiving approval and ensuring compliance under the credit or loan guidelines.

Also, this professional prepares needed loan reports with the required information for approval and decision making. As the loan review analyst, you are tasked with selecting loans to review their credit risk according to factors, such as geographical location, type, and loan amount. You record data containing the purpose of loan, balance, collateral, and repayment terms on a spreadsheet.

To be hired as a Loan Review Analyst, you need at least a Bachelor's degree in a related field and years of experience. You must possess interpersonal skills, be willing to take charge, and pay attention to details. A Loan Review Analyst earns an average of $25.68 per hour. It sums up to $53,422 annually.

ScoreLoan Review AnalystUS Average

Salary

3.3

Avg. Salary $42,678

Avg. Salary $59,228

Stability level

7.3

Growth rate 4%

Growth rate 0.3%

Diversity

5.4

Race

American Indian and Alaska Native 0.48%

Asian 6.39%

Black or African American 9.20%

Hispanic or Latino 15.97%

Unknown 4.64%

White 63.33%

Gender

female 62.30%

male 37.70%

Age - 44

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 44

Stress level

7.3

Stress level is high

7.1 - high

Complexity level

8.8

Complexity level is advanced

7 - challenging

Work life balance

5.6

Work life balance is fair

6.4 - fair

Key steps to become a loan review analyst

Explore loan review analyst education requirements

Most common loan review analyst degrees

Bachelor's

60.4 %

Associate

17.3 %

Master's

9.6 %

Start to develop specific loan review analyst skills

Skills	Percentages
Financial Statements	9.00%
Loan Documentation	8.57%
Real Estate	6.28%
Loan Portfolio	5.80%
Investor Guidelines	5.66%

Complete relevant loan review analyst training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New loan review analysts learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a loan review analyst based on U.S. Bureau of Labor Statistics data and data from real loan review analyst resumes.

Research loan review analyst duties and responsibilities

Manage a pipeline of fund TRID loans for completeness so they can be deliver and purchase by the required investor.
Approve or deny files according to FHA by origination underwriter guidelines.
Perform full and partial post-closing audits and reviews on conforming, non- conforming loans sell to FNMA, FHLMC and FHA.
Work closely with attorneys on daily basis to discuss need documents and possible mitigation or litigation strategies on foreclosure and bankruptcy matters

Prepare your loan review analyst resume

When your background is strong enough, you can start writing your loan review analyst resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a loan review analyst resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable loan review analyst resume templates

Build a professional loan review analyst resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your loan review analyst resume.