What Does it Take to Be a Loan Interviewer or Clerk?
Loan Interviewer or Clerk Job Description Interview loan applicants to elicit information; investigate applicants' backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
Loan Interviewer or Clerk Responsibilities
- Verify and examine information and accuracy of loan application and closing documents.
- Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.
- Present loan and repayment schedules to customers.
- Submit loan applications with recommendation for underwriting approval.
- Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.
- Check value of customer collateral to be held as loan security.
Loan Interviewer or Clerk Required Skills
Below is a list of the skills most Loan Interviewers and Clerks say are important on the job.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking: Talking to others to convey information effectively.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Types of Loan Interviewer or Clerk
- Licensed Loan Officer Assistant
- Processing Manager
- Loan Analyst
- Mortgage Processor
- Loan Clerk
What Kind of Loan Interviewer or Clerk Job Opportunities Are There?
In 2016, there was an estimated number of 229,800 jobs in the United States for Loan Interviewer or Clerk. New jobs are being produced at a rate of 12.4% which is above the national average. The Bureau of Labor Statistics predicts 28,400 new jobs for Loan Interviewer or Clerk by 2026. The BLS estimates 25,700 yearly job openings in this field.
The states with the most job growth for Loan Interviewer or Clerk are Utah, Arizona, and Iowa. Watch out if you plan on working in Alaska, West Virginia, or Vermont. These states have the worst job growth for this type of profession.
How Much Does a Loan Interviewer or Clerk Make?
Loan Interviewers and Clerks make between $25,600 and $59,710 a year.
Loan Interviewers and Clerks who work in District of Columbia, Connecticut, or Colorado, make the highest salaries.
How much do Loan Interviewers and Clerks make in each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$55,320|
What Tools do Loan Interviewers and Clerks Use?
Below is a list of the types of tools and technologies that Loan Interviewers and Clerks may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Dynamics
- Desktop publishing software
How do I Become a Loan Interviewer or Clerk?
What education or degrees do I need to become a Loan Interviewer or Clerk?
What work experience do I need to become a Loan Interviewer or Clerk?
Where Loan Interviewers and Clerks Are Employed
The table below shows the approximate number of Loan Interviewers and Clerks employed by various industries.
You May Also Be Interested In…
Those thinking about becoming a Loan Interviewer or Clerk might also be interested in the following careers:
Those who work as a Loan Interviewer or Clerk sometimes switch careers to one of these choices:
- Eligibility Interviewers, Government Programs
- Credit Analysts
- Claims Examiners, Property and Casualty Insurance
- Procurement Clerks
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
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