What Do Loan Interviewer or Clerk Do?
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.
Daily Life Of a Loan Interviewer or Clerk
- Establish credit limits and grant extensions of credit on overdue accounts.
- Contact credit bureaus, employers, and other sources to check applicants' credit and personal references.
- Schedule and conduct closings of mortgage transactions.
- Submit loan applications with recommendation for underwriting approval.
- Answer questions and advise customers regarding loans and transactions.
- Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.
Things a Loan Interviewer or Clerk Should Know How to Do
These are the skills Loan Interviewers and Clerks say are the most useful in their careers:
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.
Related Job Titles for this Occupation:
- Mortgage Clerk
- Mortgage Loan Assistant
- Loan Interviewer
- Processing Manager
- Mortgage Loan Processing Clerk
Are There Job Opportunities for Loan Interviewers and Clerks?
There were about 229,800 jobs for Loan Interviewer or Clerk in 2016 (in the United States). 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. Due to new job openings and attrition, there will be an average of 25,700 job openings in this field each year.
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.
What is the Average Salary of a Loan Interviewer or Clerk
The average yearly salary of a Loan Interviewer or Clerk ranges between $25,600 and $59,710.
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 different U.S. states?
|State||Annual Mean Salary|
|District of Columbia||$55,320|
What Tools do Loan Interviewers and Clerks Use?
Although they’re not necessarily needed for all jobs, the following technologies are used by many Loan Interviewers and Clerks:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Dynamics
- Desktop publishing software
How to Become a Loan Interviewer or Clerk
Learn what Loan Interviewer or Clerk education requirements there are.
What work experience do I need to become a Loan Interviewer or Clerk?
Who Employs Loan Interviewers and Clerks?
Below are examples of industries where Loan Interviewers and Clerks work:
You May Also Be Interested In…
Those thinking about becoming a Loan Interviewer or Clerk might also be interested in the following careers:
Are you already one of the many Loan Interviewer or Clerk in the United States? If you’re thinking about changing careers, these fields are worth exploring:
- 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
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