How much does a Loan Examiner I make in Buffalo, NY? The average Loan Examiner I salary in Buffalo, NY is $51,968 as of February 26, 2024, but the range typically falls between $43,470 and $62,256. 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. 

Loan Examiner I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Examiner I Salary $35,733 Buffalo,NY February 26, 2024
25th Percentile Loan Examiner I Salary $43,470 Buffalo,NY February 26, 2024
50th Percentile Loan Examiner I Salary $51,968 Buffalo,NY February 26, 2024
75th Percentile Loan Examiner I Salary $62,256 Buffalo,NY February 26, 2024
90th Percentile Loan Examiner I Salary $71,623 Buffalo,NY February 26, 2024
25% $43,470 10% $35,733 90% $71,623 75% $62,256 $51,968 50%(Median) Didn’t find job title? Click
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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 16.67%
Business Administration 16.67%
Credit Analysis 16.67%
Others 49.99%

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 Buffalo, NY

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.

Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Loan Examiner I salary varies from city to city. Compared with national average salary of Loan Examiner I, the highest Loan Examiner I salary is in San Francisco, CA, where the Loan Examiner I salary is 25.0% above. The lowest Loan Examiner I salary is in Miami, FL, where the Loan Examiner I salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Average Base Salary

Core compensation

 
 
 
43470
62256
51968

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
43707
62542
52174
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Examiner I in Buffalo, NY. The base salary for Loan Examiner I ranges from $43,470 to $62,256 with the average base salary of $51,968. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $43,707 to $62,542 with the average total cash compensation of $52,174.
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43470
62256

 

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About Buffalo, New York    Buffalo is the second largest city in the U.S. state of New York and the largest city in Western New York. As of July 2016[update], the population was....More

Buffalo, New York  area prices were up 1.5% from a year ago    View the Cost of Living in Buffalo, New York

Loan Examiner I Salary in popular cities: New YorkRochesterYonkers

Skills associated with Loan Examiner I: Risk Assessment, Audit Documentation, Compliance Audit, Banking Software ...More

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