As of April 01, 2025, the average annual salary for a Loan Examiner II in Mount Prospect, IL is $74,090. Salary.com reports that pay typically ranges from $63,609 to $83,004, with most professionals earning between $54,066 and $91,120.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $80,602 | $6,717 | $1,550 | $39 |
| Average | $71,946 | $5,996 | $1,384 | $35 |
| 25th Percentile | $61,768 | $5,147 | $1,188 | $30 |
An entry-level Loan Examiner II with under 1 year experience makes about $70,648. With less than 2 years of experience, a mid-level Loan Examiner II makes around $70,961. After 2-4 years, the Loan Examiner II pay rises to about $74,755. Those senior Loan Examiner II with 5-8 years of experience earn roughly $78,480, and those Loan Examiner II having 8 years or more experience are expected to earn about $78,747 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Examiner II | $70,648 |
| Intermediate Level Loan Examiner II | $70,961 |
| Senior Level Loan Examiner II | $74,755 |
| Specialist Level Loan Examiner II | $78,480 |
| Expert Level Loan Examiner II | $78,747 |
| Entry Level | 2% |
| Mid Level | 1% |
| Senior Level | 4% |
| Top Level | 9% |
| Experienced | 9% |
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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.
| Skill | Salary | Demand |
|---|---|---|
|
Risk Management
|
$77,054 |
4%
|
|
Business Administration
|
$76,313 |
3%
|
|
Analysis
|
$74,090 |
0%
|
|
Analysis
|
$74,090 |
0%
|
|
Analysis
|
$74,090 |
0%
|
|
Analysis
|
$74,090 |
0%
|
