How much does a Loan Examiner II make in South Bend, IN? The average Loan Examiner II salary in South Bend, IN is $72,197 as of May 28, 2024, but the range typically falls between $62,070 and $83,261. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Percentile | Salary | Location | Last Updated |
10th Percentile Loan Examiner II Salary | $52,850 | South Bend,IN | May 28, 2024 |
25th Percentile Loan Examiner II Salary | $62,070 | South Bend,IN | May 28, 2024 |
50th Percentile Loan Examiner II Salary | $72,197 | South Bend,IN | May 28, 2024 |
75th Percentile Loan Examiner II Salary | $83,261 | South Bend,IN | May 28, 2024 |
90th Percentile Loan Examiner II Salary | $93,334 | South Bend,IN | May 28, 2024 |
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.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
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.
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.
What Should I Pay?
Loan Examiner II reviews or audits a loan portfolio of moderate complexity loans to ensure compliance with established laws and regulations. Analyzes loans to identify deficiencies, unsupported charges, and risk levels. Being a Loan Examiner II establishes authenticity and correctness of all records including transactions and other forms of documentation. May require a bachelor's degree. Additionally, Loan Examiner II typically reports to a supervisor or manager. The Loan Examiner II gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Loan Examiner II typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)... View full job description
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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 II, the upper level is Loan Examiner III and then progresses to Loan Examiner Manager.
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Loan Examiner II salary varies from city to city. Compared with national average salary of Loan Examiner II, the highest Loan Examiner II salary is in San Francisco, CA, where the Loan Examiner II salary is 25.0% above. The lowest Loan Examiner II salary is in Miami, FL, where the Loan Examiner II salary is 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Claims Examiner I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Claims Examiner II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Claims Examiner III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Claims Examiner IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
Job Title Loan Examiner I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Loan Examiner II salary of your education level.
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About South Bend, Indiana South Bend is a city in and the county seat of St. Joseph County, Indiana, United States, on the St. Joseph River near its southernmost bend, from whi....More
South Bend, Indiana area prices were up 1.3% from a year ago View the Cost of Living in South Bend, Indiana
Loan Examiner II Salary in popular cities: Indianapolis, Fort Wayne, Evansville
Skills associated with Loan Examiner II: Banking Software, Audit Documentation, Audit Reports, Compliance Audit ...More
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