How much does a Loan Review Officer I make in District of Columbia? The average Loan Review Officer I salary in District of Columbia is $76,864 as of February 26, 2024, but the range typically falls between $62,216 and $89,341. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Loan Review Officer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Review Officer I Salary $48,880 DC February 26, 2024
25th Percentile Loan Review Officer I Salary $62,216 DC February 26, 2024
50th Percentile Loan Review Officer I Salary $76,864 DC February 26, 2024
75th Percentile Loan Review Officer I Salary $89,341 DC February 26, 2024
90th Percentile Loan Review Officer I Salary $100,701 DC February 26, 2024
25% $62,216 10% $48,880 90% $100,701 75% $89,341 $76,864 50%(Median) Didn’t find job title? Click
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What skills does a Loan Review Officer I need?

Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

Credit Administration: Credit Administration is the oversight of all activities related to a bank's credit process ensuring the bank's largest balance sheet asset,the loan portfolio, maintains its value.

3.

Retail Banking: Retail banking, also known as consumer banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term commercial bank is used for a normal bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks were limited to engaging capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with deposits and loans from corporations or large businesses, as opposed to individual members of the public (retail banking).

Analysis 8.07%
Credit Administration 1.35%
Retail Banking 2.54%
Others 88.04%

Job Description for Loan Review Officer I

Loan Review Officer I performs reviews of bank's loans to ensure compliance with established policies and standards. Reviews small- to mid-size loans. Being a Loan Review Officer I may prepare and provide loan data to accounting. Requires a bachelor's degree. Additionally, Loan Review Officer I typically reports to a manager or head of a unit/department. The Loan Review Officer I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Review Officer I typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Loan Review Officer I in District of Columbia

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Location Avg. Salary Date Updated
Location Naval Anacost Annex, DC Avg. Salary $76,864 Date Updated February 26, 2024
Location Parcel Return Service, DC Avg. Salary $76,864 Date Updated February 26, 2024
Location Washington, DC Avg. Salary $76,864 Date Updated February 26, 2024
Location Washington Navy Yard, DC Avg. Salary $76,864 Date Updated February 26, 2024

Career Path for Loan Review Officer I

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Loan Review Officer I, the first career path typically starts with a Commercial Loan Review Officer I position, and then progresses to Commercial Loan Review Officer III.

Additionally, the second career path typically starts with a Loan Review Officer II position, and then progresses to Loan Review Manager.

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