How to Become a Commercial Loan Review Officer

Step 1: Understand the job description and responsibilities of a Commercial Loan Review Officer

What does a Commercial Loan Review Officer do?

A Commercial Loan Review Officer performs reviews of bank's commercial loans to ensure compliance with established policies and credit standards. Reviews small to mid-size loans of little to moderate complexity. Being a Commercial Loan Review Officer typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Commercial Loan Review Officer contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. To be a Commercial Loan Review Officer typically requires 4 to 7 years of related experience.

People's Opinions on Commercial Loan Review Officer responsibilities

Commercial loan workers specialize in the commercial sector of lending, and have a slightly different job description than the loan officer—though responsibilities may be similar or exactly the same.

02/01/2020: La Crosse, WI

Oftentimes, developmental officers are so eager to pass clients through the screening process that they don’t maintain objectivity and may even over-qualify a consumer for a business loan, even though that consumer doesn’t have the credits or assets necessary to merit such a loan, or a hefty price.

12/31/2019: Longview, TX

The major decisions are still decided upon by the commercial loan manager.

01/11/2020: Casper, WY

A commercial loan officer performs portfolio reviews and must consider all factors including risk, size, type of commercial loan and asset quality.

12/09/2019: Kennewick, WA

The officer is also expected to maintain quality standards for credit score and confirm important information related to liens, repayment and collateral.

01/18/2020: San Bernardino, CA
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Step 2: Learn best tips to become a Commercial Loan Review Officer

Best tips for those who want to become a Commercial Loan Review Officer

Here are some tips to become a Commercial Loan Review Officer.

People's Opinions on best tips

Evaluates quality of commercial loans and the assigned risk ratings indicating borrower’s financial strength and probability of loan repayment.

11/30/2019: Concord, NH

Performs reviews of the bank’s commercial loans to ensure compliance with established policies and standards.

01/10/2020: Honolulu, HI

Performs reviews of assigned small business loans approved through the Business Banking Lending Division (BBLD) to evaluate the assigned risk rating and the quality of the BBLD loan portfolio.

01/22/2020: Des Moines, IA
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Step 3: View best colleges and universities for Commercial Loan Review Officer

Best colleges and universities for Commercial Loan Review Officer

  • Florida Southern College
  • Colby College
  • Dartmouth College
  • University of Notre Dame
  • Western Washington University
  • Canisius College

Step 4: Think about whether is it worth to be a Commercial Loan Review Officer

Is being a Commercial Loan Review Officer Worth it?

People's Opinions on lifestyles

Originates new loan relationships by delivering conventional commercial loan products and….

02/16/2020: New York, NY

Analyzes all relevant industry, credit and financial… Lending Officers on credit structure, performs comprehensive loanreviews, and assists in various department projects to include portfolio….

12/11/2019: Atlanta, GA

Three or more years of commercial bank experience with some exposure to loan review,….

01/02/2020: Miami, FL

Analyze financial statements; work with Credit Analysts regarding analyses on individual, partnership and corporate commercial loan customers.

12/15/2019: New Orleans, LA

5 years underwriting experience; preferably within consumer facing loans/leases in the equipment/auto industry.

12/26/2019: Chico, CA
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Step 5: Prepare relevant skills for being a Commercial Loan Review Officer

What skills do you need to be a Commercial Loan Review Officer?

Management often looks to professional level roles for execution on their visions and goals, as such some specific skills are required.  The workload of this role requires knowledge of: Internal Controls, Risk Assessment, Risk Analysis, Lending Regulatory Compliance, Loan Review.  Sometimes for this role, knowledge of the following is helpful: Loan Software.  If you highlight these skills during your interview process, you will be more likely to land the job!

People's Opinions on Commercial Loan Review Officer skills

The Skills You Need to Excel as a Commercial Loan Review Officer.

12/26/2019: Orlando, FL

This is a job that favors an experienced loan officer, one who may even be reaching out to a managerial position.

01/07/2020: Danbury, CT

The review officer is also known as a contract or numbers expert; one capable of identifying trends, analyzing performance ratios and knows all legal precedents that may negate an application.

12/15/2019: Danbury, CT

Experience requirements may differ, though it is higher than a loan officer’s position, sometimes as long as ten years.

02/17/2020: Waco, TX

Assists in training of less experienced commercial loan….

02/23/2020: Olympia, WA
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Step 6: View average salary for Commercial Loan Review Officer

How much does a Commercial Loan Review Officer make?

The average salary range for a Commercial Loan Review Officer is from $68,897 to $93,525. The salary will change depending on your location, job level, experience, education, and skills.

Salary range for a Commercial Loan Review Officer
$68,897 to $93,525

Step 7: Find relevant Commercial Loan Review Officer jobs, and apply.

Looking for Commercial Loan Review Officer jobs?

Search Commercial Loan Review Officer Jobs in the United States

Step 8: Explore Career Path of Commercial Loan Review Officer

Step 8: Explore Career Path of Commercial Loan Review Officer? Commercial Loan Review Officer II