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

What is a loan reviewer and how to become one

Updated January 8, 2025

3 min read

Loan reviewers work for a financial institution to process the client's loan application materials. They work together with other staff to validate the information and help come up with a financial plan. Loan reviewers' duties include making evaluations of each customer loan or credit application in order to ensure compliance with federal loan policies and regulations and identify problems with money loans.

You can often see loan reviewers explain the types, rates, and terms of the loans available and generate the legal paperwork needed to complete the loan process. They also address questions about existing credits and help difficult customers to reschedule payments or restructure credit to remain solvent. Loan reviewers examine banking processes, evaluate tracking systems' efficiency, report potential fraud, and examine the loan policy while proposing amendments.

Banks and credit providers recommend credit advisors to have a bachelor's degree in accounting or business and to have a few years' background in banking. Loan reviewers must be well-informed of banking and federal and state loan regulations. They may be expected to pass state qualification tests or comply with professional credit association standards.

ScoreLoan ReviewerUS Average

Salary

2.4

Avg. Salary $31,175

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 6.35%

Black or African American 9.13%

Hispanic or Latino 15.82%

Unknown 4.63%

White 63.59%

Gender

female 70.07%

male 29.93%

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 reviewer

Explore loan reviewer education requirements

Most common loan reviewer degrees

Bachelor's

50.2 %

Associate

19.9 %

High School Diploma

15.9 %

Start to develop specific loan reviewer skills

Skills	Percentages
Loan Review	12.02%
Real Estate	11.30%
Data Entry	8.41%
Bank Policies	5.64%
Risk Ratings	5.59%

Complete relevant loan reviewer training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New loan reviewers 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 reviewer based on U.S. Bureau of Labor Statistics data and data from real loan reviewer resumes.

Research loan reviewer duties and responsibilities

Manage the organization's HMDA data and accurately complete the government reporting annually.
Review FHA streamline refinance, process and conventional loan application.
Evaluate conditions receive on all FHA DE approve files submit electronically for purchase.
Review the loans to ensure they are in compliance with Respa and Tila requirements.

Prepare your loan reviewer resume

When your background is strong enough, you can start writing your loan reviewer 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 reviewer 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 reviewer resume templates

Build a professional loan reviewer 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 reviewer resume.