How much does a Loan Examiner I make in West Virginia? The average Loan Examiner I salary in West Virginia is $47,931 as of February 26, 2024, but the range typically falls between $40,093 and $57,420. 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 Examiner I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Examiner I Salary $32,957 WV February 26, 2024
25th Percentile Loan Examiner I Salary $40,093 WV February 26, 2024
50th Percentile Loan Examiner I Salary $47,931 WV February 26, 2024
75th Percentile Loan Examiner I Salary $57,420 WV February 26, 2024
90th Percentile Loan Examiner I Salary $66,059 WV February 26, 2024
25% $40,093 10% $32,957 90% $66,059 75% $57,420 $47,931 50%(Median) Didn’t find job title? Click
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Check out Loan Examiner jobs in West Virginia

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What skills does a Loan Examiner 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.

Business administration: It is the management of all aspects of a business's performance, decisions, and organization. It includes the day to day operations, aspects including finances and human resources, and ensures the company stays aligned to the goal or mission.

3.

Credit Analysis: Credit analysis is the method by which one calculates the creditworthiness of a business or organization. In other words, It is the evaluation of the ability of a company to honor its financial obligations. The audited financial statements of a large company might be analyzed when it issues or has issued bonds. Or, a bank may analyze the financial statements of a small business before making or renewing a commercial loan. The term refers to either case, whether the business is large or small. The objective of credit analysis is to look at both the borrower and the lending facility being proposed and to assign a risk rating. The risk rating is derived by estimating the probability of default by the borrower at a given confidence level over the life of the facility, and by estimating the amount of loss that the lender would suffer in the event of default. Credit analysis involves a wide variety of financial analysis techniques, including ratio and trend analysis as well as the creation of projections and a detailed analysis of cash flows. Credit analysis also includes an examination of collateral and other sources of repayment as well as credit history and management ability. Analysts attempt to predict the probability that a borrower will default on its debts, and also the severity of losses in the event of default. Credit spreads—the difference in interest rates between theoretically "risk-free" investments such as U.S. treasuries or LIBOR and investments that carry some risk of default—reflect credit analysis by financial market participants.

Analysis 0.01%
Business administration 0.01%
Credit Analysis 0.01%
Others 99.97%

Job Description for Loan Examiner I

Loan Examiner I reviews or audits a loan portfolio of low complexity loans to ensure compliance with established laws and regulations. Analyzes loans to identify deficiencies, unsupported charges, and risk levels. Being a Loan Examiner I establishes authenticity and correctness of all records including transactions and other forms of documentation. May require a bachelor's degree. Additionally, Loan Examiner I typically reports to a supervisor or manager. The Loan Examiner I works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Examiner 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 Examiner I in West Virginia

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Location Avg. Salary Date Updated
Location Weirton, WV Avg. Salary $51,892 Date Updated February 26, 2024
Location Wheeling, WV Avg. Salary $52,110 Date Updated February 26, 2024
Location Accoville, WV Avg. Salary $48,060 Date Updated February 26, 2024
Location Adrian, WV Avg. Salary $46,841 Date Updated February 26, 2024
Location Advent, WV Avg. Salary $48,230 Date Updated February 26, 2024
Location Albright, WV Avg. Salary $50,476 Date Updated February 26, 2024
Location Alderson, WV Avg. Salary $48,891 Date Updated February 26, 2024
Location Alkol, WV Avg. Salary $47,680 Date Updated February 26, 2024
Location Allen Junction, WV Avg. Salary $48,060 Date Updated February 26, 2024
Location Alloy, WV Avg. Salary $48,060 Date Updated February 26, 2024

Career Path for Loan Examiner 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 Examiner I, the upper level is Loan Examiner II and then progresses to Loan Examiner Manager.

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Loan Examiner I Salary in West Virginia
Loan Examiner I Salary Graph, Regional Distribution and Summary