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Loan Review Analyst Careers

A Loan Review Analyst is a professional 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.

There is more than meets the eye when it comes to being a loan review analyst. For example, did you know that they make an average of $24.4 an hour? That's $50,760 a year!

Between 2018 and 2028, the career is expected to grow 8% and produce 24,300 job opportunities across the U.S.

What Does a Loan Review Analyst Do

There are certain skills that many loan review analysts have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed detail oriented, initiative and interpersonal skills.

When it comes to the most important skills required to be a loan review analyst, we found that a lot of resumes listed 18.3% of loan review analysts included loan portfolio, while 12.4% of resumes included financial statements, and 4.9% of resumes included real estate. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the loan review analyst job title. But what industry to start with? Most loan review analysts actually find jobs in the finance and technology industries.

How To Become a Loan Review Analyst

If you're interested in becoming a loan review analyst, one of the first things to consider is how much education you need. We've determined that 52.0% of loan review analysts have a bachelor's degree. In terms of higher education levels, we found that 8.2% of loan review analysts have master's degrees. Even though most loan review analysts have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a loan review analyst. When we researched the most common majors for a loan review analyst, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on loan review analyst resumes include master's degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a loan review analyst. In fact, many loan review analyst jobs require experience in a role such as underwriter. Meanwhile, many loan review analysts also have previous career experience in roles such as loan processor or customer service representative.

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Average Salary
$50,760
Average Salary
Job Growth Rate
8%
Job Growth Rate
Job Openings
15,974
Job Openings

Loan Review Analyst Career Paths

Top Careers Before Loan Review Analyst

Top Careers After Loan Review Analyst

Analyst
8.2 %

Loan Review Analyst Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Loan Review Analyst

Loan Review Analysts in America make an average salary of $50,760 per year or $24 per hour. The top 10 percent makes over $90,000 per year, while the bottom 10 percent under $28,000 per year.
Average Salary
$50,760
Find Your Salary Estimate
How much should you be earning as an Architect? Use Zippia's Salary Calculator to get an estimation of how much you should be earning.

Best Paying Cities

City
ascdesc
Average Salarydesc
Tallahassee, FL
Salary Range46k - 81k$61k$61,288
New York, NY
Salary Range43k - 84k$61k$60,983
Gaithersburg, MD
Salary Range37k - 69k$51k$50,729
Houston, TX
Salary Range35k - 64k$48k$48,001
Colorado Springs, CO
Salary Range35k - 63k$48k$47,678
Newport Beach, CA
Salary Range28k - 54k$39k$39,032
$26k
$84k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Loan Review Analyst
Loan Review Analyst
Independent Bank Group, Inc.
Independent Bank Group, Inc.
06/25/2021
06/25/2021
$59,60006/25/2021
$59,600
Loan Review Analyst
Loan Review Analyst
Independent Bank Group, Inc.
Independent Bank Group, Inc.
06/25/2021
06/25/2021
$59,60006/25/2021
$59,600
68000244-Audit Evaluation Jacksonville, ST. Petersburg, Tallahassee & Review Analyst
68000244-Audit Evaluation Jacksonville, ST. Petersburg, Tallahassee & Review Analyst
Florida Department of Transportation
Florida Department of Transportation
06/24/2021
06/24/2021
$82,17206/24/2021
$82,172
Medicaid Utilization Review Analyst
Medicaid Utilization Review Analyst
Idaho Division of Human Resources
Idaho Division of Human Resources
06/18/2021
06/18/2021
$52,00806/18/2021
$52,008
Appraisal Reviewer Analyst
Appraisal Reviewer Analyst
XXX
XXX
05/26/2021
05/26/2021
$83,48005/26/2021
$83,480
See More Recent Salaries

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Loan Review Analyst Demographics

Gender

female

60.8 %

male

36.0 %

unknown

3.2 %

Ethnicity

White

68.4 %

Hispanic or Latino

14.8 %

Black or African American

8.3 %

Foreign Languages Spoken

Spanish

69.2 %

French

5.1 %

Portuguese

2.6 %
See More Demographics

Loan Review Analyst Education

Majors

Business
32.3 %
Finance
12.2 %

Degrees

Bachelors

52.0 %

Certificate

15.0 %

Associate

14.7 %

Top Colleges for Loan Review Analysts

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

3. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

4. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

5. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

6. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

7. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

8. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

9. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

10. SUNY at Buffalo

Buffalo, NY • Private

In-State Tuition
$10,099
Enrollment
21,404
See More Education Info

Online Courses For Loan Review Analyst That You May Like

Become a Mortgage Loan Processor
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Finibi Mortgage CEO, Joe Correa, teaches you how to become a mortgage loan processor...

How to Become a Mobile Notary and Loan Signing Agent
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Top Skills For a Loan Review Analyst

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 18.3% of loan review analysts listed loan portfolio on their resume, but soft skills such as detail oriented and initiative are important as well.

Best States For a Loan Review Analyst

Some places are better than others when it comes to starting a career as a loan review analyst. The best states for people in this position are New Jersey, Massachusetts, Connecticut, and Florida. Loan review analysts make the most in New Jersey with an average salary of $66,505. Whereas in Massachusetts and Connecticut, they would average $63,436 and $62,778, respectively. While loan review analysts would only make an average of $62,467 in Florida, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. Florida

Total Loan Review Analyst Jobs:
1,371
Highest 10% Earn:
$105,000
Location Quotient:
1.13
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New Jersey

Total Loan Review Analyst Jobs:
634
Highest 10% Earn:
$121,000
Location Quotient:
1.03
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New York

Total Loan Review Analyst Jobs:
1,078
Highest 10% Earn:
$110,000
Location Quotient:
1.09
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Loan Review Analyst Employers

1. Bank of America
4.8
Avg. Salary: 
$71,888
Loan Review Analysts Hired: 
167+
2. Digital Risk
4.4
Avg. Salary: 
$52,765
Loan Review Analysts Hired: 
82+
3. Wells Fargo
4.7
Avg. Salary: 
$70,707
Loan Review Analysts Hired: 
24+
4. TransPerfect
4.4
Avg. Salary: 
$73,651
Loan Review Analysts Hired: 
9+
5. JPMorgan Chase & Co.
4.9
Avg. Salary: 
$88,221
Loan Review Analysts Hired: 
8+
6. State of Florida
4.3
Avg. Salary: 
$85,518
Loan Review Analysts Hired: 
8+

Loan Review Analyst Videos

Updated October 2, 2020