How to hire a loan review analyst

How to hire a loan review analyst, step by step

Here's a step-by-step loan review analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a loan review analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new loan review analyst
• Step 8: Go through the hiring process checklist

What does a loan review analyst do?

Post a loan review analyst job for free, promote it for a fee

Post free

1. Identify your hiring needs

   The loan review analyst hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A loan review analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, loan review analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   The following list breaks down different types of loan review analysts and their corresponding salaries.

   Type of Loan Review Analyst	Description	Hourly rate
   Loan Review Analyst	Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses.	$12-34
   Closer	The duties of a closer depend on one's line of work or industry of employment. Typically, their responsibilities revolve around liaising with clients to ensure that they understand and adhere to all terms of the agreement, completing all requirements and necessary documents, and maintaining records of all transactions... Show more	$9-19
   Escrow Officer	Escrow officers, commonly known as loan officers, are responsible for real estate processing and finalizing deals. They ensure all documents are authentic and prepared, property titles are clear, and financial obligations have been thoroughly met by the buyer and seller... Show more	$17-33

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Financial Statements
   • Loan Documentation
   • Real Estate
   • Loan Portfolio
   • Investor Guidelines
   • Audit Findings
   • Loan Review
   • IRB
   • Credit Quality
   • Medicaid
   • Credit Analysis
   • Credit Risk
   • Federal Regulations
   • Due Diligence

   Check all skills

   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
   • Evaluate consumer mortgages in accordance with USDA procedures and guidelines.
   • Analyze borrower credit profile using USDA's GUS system and manual underwrite process.

   More loan review analyst duties

3. Make a budget

   Including a salary range in your loan review analyst job description helps attract top candidates to the position. A loan review analyst salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.

   For example, the average salary for a loan review analyst in Nevada may be lower than in Washington, and an entry-level loan review analyst usually earns less than a senior-level loan review analyst. Additionally, a loan review analyst with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

   Average loan review analyst salary

   $42,678yearly

   $20.52 hourly rate

   ---

   Entry-level loan review analyst salary

   $25,000 yearly salary

   Updated December 22, 2025

   Average loan review analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New Jersey	$62,855	$30
   2	Maryland	$61,637	$30
   3	New York	$59,299	$29
   4	North Carolina	$59,149	$28
   5	California	$54,613	$26
   6	Colorado	$49,582	$24
   7	Virginia	$49,132	$24
   8	Missouri	$46,901	$23
   9	Texas	$43,375	$21
   10	Utah	$42,352	$20
   11	Florida	$41,956	$20
   12	Tennessee	$41,529	$20
   13	Arizona	$39,370	$19

   Average loan review analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	CFA Institute	$110,053	$52.91
   2	BNP Paribas	$71,652	$34.45
   3	Southeastern Med	$63,016	$30.30
   4	UBS	$62,067	$29.84	8
   5	Cigna	$60,655	$29.16
   6	Prosperity Bank	$59,896	$28.80	55
   7	WakeMed	$54,955	$26.42
   8	City of Austin	$54,381	$26.14
   9	Ent Credit Union	$51,457	$24.74
   10	Independent Bank	$47,295	$22.74
   11	Eagleville Hospital	$45,656	$21.95
   12	Hilltop Holdings	$45,566	$21.91	161
   13	BenefitMall	$44,900	$21.59
   14	TransPerfect	$43,004	$20.68
   15	Solugenix	$42,627	$20.49	1
   16	Panum	$40,749	$19.59
   17	International Bank of Chicago	$40,686	$19.56
   18	My Florida Regional Mls	$39,069	$18.78
   19	Robert Half	$38,647	$18.58	45
   20	Wps Health Insurance	$37,937	$18.24

4. Writing a loan review analyst job description

   A loan review analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a loan review analyst job description:

   Loan review analyst job description example

   Panum is seeking an experienced Nutrition Systematic Review Analyst to service an existing contract contract with the USDA Nutrition Evidence Systematic Review (NESR) Branch.
   
   The Nutrition Evidence Systematic Review (NESR) team, housed within the U.S. Department of Agriculture (USDA), Food and Nutrition Service (FNS), Center for Nutrition Policy and Promotion (CNPP), was launched in 2008 to conduct food- and nutrition-related systematic reviews. NESR's team of scientists have a unique combination of experience and expertise in systematic review methods and technology, and nutrition, public health, and library science. NESR supports CNPP's mission to improve the health of Americans by developing and promoting dietary guidance that links scientific research to the nutrition needs of consumers. NESR's work also helps the agency uphold the Data Quality Act, which mandates that Federal agencies ensure the quality, objectivity, utility, and integrity of the information used to form Federal guidance.
   
   Applicants should have experience in coordinating multiple complex tasks, managing research projects, and facilitating expert groups. Candidates should have strong written and oral communication skills and should be able to work both collaboratively and independently within a research team conducting research and producing publications and reports.
   
   Applicants should also have strong knowledge of study design and research principles, experience in conducting research on topics related to nutrition and public health, in critically evaluating evidence-based nutrition/health literature, or developing science-based nutrition related policy, program guidance or clinical practice guidelines. Knowledge of the Dietary Guidelines for Americans and experience using systematic review and meta-analysis methods is preferred.
   Roles and Responsibilities
   Review projects: NESR conducts systematic reviews, rapid reviews, evidence scans, and other evidence synthesis projects designed to answer questions about the relationship between diet and health, describe current evidence on high-priority public health nutrition topics, and/or identify strategies to facilitate adoption of the Dietary Guidelines for Americans. Works within a team and with subject matter experts to critically review, analyze, synthesize and interpret large volumes of published food and nutrition research and data to inform food, nutrition or health policy, guidelines, or nutrition-related messages strategies Continuous quality advancement (CQA): Application of strong knowledge of research principles and evidence synthesis best practices to routinely evaluate and refine systematic review methodology and tools through continuous quality advancement initiatives. Ensure that NESR's systematic review process remains state-of the-art. CQA work results in timely updates to the NESR methodology manual, procedure guides and training materials Outreach: NESR uses a variety of strategies to translate and disseminate complex research findings and information about our work to a range of audience
   
   NESR Systematic Review Analysts work collaboratively with the NESR team, as well as others within CNPP, USDA, and other Federal agencies. In addition, Analysts also collaborate with and provide support to external scientific experts (e.g., the Dietary Guidelines Advisory Committee). >
   
   Minimum Requirements
   Applicants must possess a Master's degree or PhD in Nutritional Sciences, or a closely related field. Minimum of 4-5 years of directly relevant experience. Strong written and oral communication skills, and should be detail oriented and able to work independently and as part of a team Experience and proficiency with Microsoft Office including Teams, Excel, Word, PowerPoint and Visio, etc. Experience working in the Federal Government Environment is highly preferred
   
   Panum Group, LLC Established in 1997, Panum Group provides unique expertise and innovative solutions that address federal customers' greatest business and mission challenges. A culture of excellence through innovation and problem-solving has resulted in 100 percent growth in employees and revenue over the last three years. Panum provides program & project management, acquisition & contract management, business & strategy consulting and next generation information and communications technology services for more than 20 federal agencies. For more information, please visit www.panum.com.

   Copy this example

   

5. Post your job

   There are a few common ways to find loan review analysts for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   Post your job online:

   • Post your loan review analyst job on Zippia to find and attract quality loan review analyst candidates.
   • Use niche websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   To successfully recruit loan review analysts, your first interview needs to engage with candidates to learn about their interest in the role and experience in the field. You can go into more detail about the company, the role, and the responsibilities during follow-up interviews.

   It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new loan review analyst

   Once you've found the loan review analyst candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

   It's also good etiquette to follow up with applicants who don't get the job by sending them an email letting them know that the position has been filled.

   After that, you can create an onboarding schedule for a new loan review analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

   Sign up to download full list

   Sign up

How much does it cost to hire a loan review analyst?