Loan Review Analyst Job Description [Updated for 2025]

In the realm of finance, the role of loan review analysts has never been more critical.

As the financial landscape evolves, the demand for skilled professionals who can assess, evaluate, and enhance our lending practices is on the rise.

But let’s dig deeper: What’s truly expected from a loan review analyst?

Whether you are:

• A job seeker trying to understand the complexities of this role,
• A hiring manager looking to define the ideal candidate,
• Or simply curious about the intricacies of loan review analysis,

You’ve come to the right place.

Today, we present a customizable loan review analyst job description template, designed for effortless posting on job boards or career sites.

Let’s dive right in.

Loan Review Analyst Duties and Responsibilities

Loan Review Analysts perform a variety of tasks related to reviewing and evaluating loan applications to determine the risk involved for the lender.

They also ensure compliance with various banking regulations.

Their primary duties and responsibilities include:

• Reviewing and analyzing loan applications and credit reports
• Assessing the creditworthiness of potential borrowers
• Conducting detailed financial analysis, including income, employment, and credit histories
• Verifying the accuracy of loan application information
• Evaluating loan and collateral documents to ensure compliance with company and regulatory guidelines
• Calculating risk ratings and recommending loan pricing
• Monitoring and updating credit and loan files
• Presenting findings and recommendations to management
• Communicating with other professionals, such as loan officers and underwriters
• Staying updated with changes in banking regulations and lending practices

 

Loan Review Analyst Job Description Template

Job Brief

We are seeking a meticulous and diligent Loan Review Analyst to assess and validate loan applications.

The Loan Review Analyst’s responsibilities include evaluating loan applications, compiling financial data, assessing risk and making approval recommendations.

The ideal candidate will have a deep understanding of loan procedures, excellent analytical skills, and the ability to make sound financial decisions.

Ultimately, a top-notch Loan Review Analyst should have strong communication skills, be detail-oriented, and be able to accurately assess financial information and make informed decisions.

 

Responsibilities

• Review and analyze loan applications and financial documents.
• Determine the creditworthiness of applicants.
• Recommend approval or rejection of loan applications.
• Compile and analyze data to aid in the decision-making process.
• Identify and mitigate potential credit risks.
• Communicate and provide feedback to loan officers and managers.
• Ensure compliance with banking regulations and company policies.
• Prepare reports on assessment findings and data analysis.
• Maintain up-to-date knowledge of lending and industry regulations and guidelines.

 

Qualifications

• Proven experience as a loan review analyst, loan officer, or similar role within a financial institution.
• Knowledge of lending processes and loan review.
• Strong analytical and decision-making skills.
• Proficient in Microsoft Office Suite, with a focus on Excel.
• Excellent communication and reporting skills.
• Knowledge of banking laws, regulations, and procedures.
• Bachelor’s degree in finance, business administration, or a related field.

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Loan Review Analyst
• Work Environment: Office setting with occasional remote work. Some travel may be required for meetings or training.
• Reporting Structure: Reports to the Loan Review Manager.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $45,000 minimum to $75,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Loan Review Analyst Do?

Loan Review Analysts typically work for banks, credit unions, mortgage companies and other financial institutions.

They may also work for companies that offer lending services.

They are responsible for evaluating and approving or rejecting loan applications.

They review loan applicants’ financial information and assess the risk levels associated with loaning money to particular applicants.

Their duties involve analyzing the financial data of the loan applicant, such as their credit score, income level, employment status and debt-to-income ratio.

They also evaluate the applicant’s ability to repay the loan.

They work closely with loan officers, underwriters, and clients to ensure that the loans are processed correctly and in a timely manner.

They review loan agreements to ensure that they are complete and accurate according to policy.

Loan Review Analysts also monitor the status of existing loans, keeping track of payments and following up on late or defaulted loans.

They may also be responsible for recommending appropriate actions in cases of default.

In addition, they keep abreast of changes in the economy, industry trends, and changes in regulations to understand their impact on loan underwriting and approval processes.

 

Loan Review Analyst Qualifications and Skills

A Loan Review Analyst should possess a wide array of skills and qualifications to ensure efficient and effective performance in their role, including:

• Strong analytical skills to assess and evaluate various loan applications based on the financial strength of the borrower.
• Excellent attention to detail to identify discrepancies and issues within loan documentation and client information.
• Proficient in various loan servicing systems and platforms, with a strong understanding of financial software and databases.
• Strong knowledge in banking and finance principles, and understanding of lending laws and regulations.
• Effective communication skills to convey complex financial information to team members, managers, and customers in a clear and concise manner.
• Exceptional organizational skills to handle multiple loan reviews simultaneously and meet strict deadlines.
• Problem-solving abilities to identify and rectify potential loan issues and discrepancies.
• Customer service skills, to interact with clients and provide them with quality service and support during the loan review process.

 

Loan Review Analyst Experience Requirements

Entry-level Loan Review Analysts typically require 1 to 2 years of experience in finance or banking, often gained through an internship or part-time role in a related field.

These professionals can also gain valuable on-the-job experience in roles such as Loan Processor, Loan Officer, Financial Analyst, or other finance-related positions.

Candidates with more than 3 years of experience usually have a strong understanding of loan review processes, credit principles, and regulatory compliance.

They often develop these skills and knowledge in entry-level Loan Review Analyst or similar roles.

Those with over 5 years of experience may have significant experience in interpreting and analyzing complex loan files, conducting risk assessments, and providing guidance to management based on their reviews.

They may have held leadership roles and could be ready for managerial or supervisory positions within the loan review department.

Additionally, the role of a Loan Review Analyst often requires a bachelor’s degree in finance, business administration, or a related field, as well as a strong understanding of financial software applications.

Certifications in risk management or financial analysis may also be beneficial.

 

Loan Review Analyst Education and Training Requirements

Loan Review Analysts typically hold a bachelor’s degree in finance, accounting, business administration, or a related field.

They need to have a strong understanding of financial principles and concepts, as well as experience in analyzing financial documents such as credit histories, income statements and balance sheets.

In addition to academic qualifications, Loan Review Analysts are expected to have relevant experience in the banking sector, particularly in loan processing or underwriting.

This experience can often be gained through internships or entry-level positions in financial institutions.

Though not always required, some employers prefer Loan Review Analysts who hold a master’s degree in finance or a related field.

Such advanced degrees may provide a deeper understanding of complex financial instruments and risk management techniques.

Further, certifications such as Certified Public Accountant (CPA), Certified Financial Analyst (CFA), or Certified Mortgage Banker (CMB) can enhance a Loan Review Analyst’s job prospects and credibility.

These certifications demonstrate a professional’s commitment to their field, and can also indicate their potential for leadership roles.

Continuing education is also vital in this role, as regulations and financial products continually evolve.

Loan Review Analysts are expected to stay updated with the latest industry trends and regulatory changes to ensure accurate and compliant loan reviews.

 

Loan Review Analyst Salary Expectations

A Loan Review Analyst earns an average salary of $67,754 (USD) per year.

The actual compensation can vary greatly based on the level of experience, the size of the company, and geographical location.

Additional factors such as the complexity of the loan portfolio being managed could also influence the salary.

 

Loan Review Analyst Job Description FAQs

What skills does a Loan Review Analyst need?

Loan Review Analysts should possess strong analytical skills to interpret complex financial data and make accurate loan decisions.

They should also be detail-oriented to ensure all relevant loan documents are accurate and complete.

Good communication skills are important for effectively explaining their findings to management or other relevant parties.

Knowledge of lending regulations and procedures is also crucial in this role.

 

Do Loan Review Analysts need a degree?

Most Loan Review Analysts positions require a bachelor’s degree in finance, economics, or a related field.

Some employers may prefer candidates with a master’s degree or additional certifications, such as a Certified Public Accountant (CPA) or Certified Financial Analyst (CFA).

Experience in banking or finance, especially in loan review or credit analysis, is often highly preferred.

 

What should you look for in a Loan Review Analyst resume?

A good Loan Review Analyst resume should indicate strong financial analysis skills and a solid understanding of lending regulations and procedures.

Look for a degree in a relevant field and any additional certifications.

Relevant experience in the banking or finance industry, particularly in roles related to loan review or credit analysis, is also a positive sign.

 

What qualities make a good Loan Review Analyst?

A good Loan Review Analyst is meticulous and detail-oriented, ensuring all documents are accurate and complete.

They should also be an effective communicator, capable of explaining complex financial data in a clear and concise manner.

They also need to be confident and assertive in their decision-making, while also maintaining a high degree of integrity and adherence to lending policies and procedures.

 

What are the typical day-to-day duties of a Loan Review Analyst?

A typical day for a Loan Review Analyst might include reviewing and verifying loan documents for accuracy, assessing a borrower’s financial situation to determine loan risk, and preparing reports based on their findings.

They might also participate in meetings with other financial professionals to discuss loan decisions and strategies.

In some cases, they may be responsible for monitoring and reporting on changes in banking regulations or economic conditions that could impact lending practices.

 

Conclusion

There you have it.

We’ve given you an inside look into what it truly means to be a Loan Review Analyst.

And guess what?

It’s not just about scrutinizing loan applications.

It’s about shaping the financial landscape, one loan at a time.

With our insightful Loan Review Analyst job description template and real-world examples, you’re prepared to make your next career move.

But why stop there?

Dig deeper with our job description generator. It’s your invaluable tool for creating detailed job listings or honing your resume to perfection.

Remember:

Each loan application you review is a piece of a larger financial puzzle.

Let’s shape that financial future. Together.

How to Become a Loan Review Analyst (Complete Guide)

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