What Do Loan Interviewer or Clerk Do?
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
- Schedule and conduct closings of mortgage transactions.
- Answer questions and advise customers regarding loans and transactions.
- Check value of customer collateral to be held as loan security.
- Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.
- File and maintain loan records.
- Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.
Featured schools near , edit
Loan Interviewer or Clerk Required Skills
Loan Interviewers and Clerks state the following job skills are important in their day-to-day work.
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
- Disbursement Clerk
- Loan Inspector
- Credit Clerk
- Loan Documentation Specialist
- Loan Closer
Loan Interviewer or Clerk Job Outlook
In the United States, there were 229,800 jobs for Loan Interviewer or Clerk in 2016. 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.
Salary for a Loan Interviewer or Clerk
The salary for Loan Interviewers and Clerks ranges between about $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 |
|---|---|
| Alabama | $33,910 |
| Alaska | $42,190 |
| Arizona | $40,530 |
| Arkansas | $39,000 |
| California | $46,480 |
| Colorado | $47,630 |
| Connecticut | $48,160 |
| Delaware | $38,830 |
| District of Columbia | $55,320 |
| Florida | $41,590 |
| Georgia | $37,910 |
| Hawaii | $47,970 |
| Idaho | $37,450 |
| Illinois | $42,440 |
| Indiana | $36,370 |
| Iowa | $37,930 |
| Kansas | $39,880 |
| Kentucky | $36,350 |
| Louisiana | $32,660 |
| Maine | $36,620 |
| Maryland | $45,030 |
| Massachusetts | $43,030 |
| Michigan | $39,490 |
| Minnesota | $42,250 |
| Mississippi | $32,290 |
| Missouri | $38,350 |
| Montana | $36,630 |
| Nebraska | $41,610 |
| Nevada | $39,240 |
| New Hampshire | $40,060 |
| New Jersey | $45,770 |
| New Mexico | $34,430 |
| New York | $45,520 |
| North Carolina | $42,540 |
| North Dakota | $42,990 |
| Ohio | $38,510 |
| Oklahoma | $34,100 |
| Oregon | $46,040 |
| Pennsylvania | $34,790 |
| Rhode Island | $41,460 |
| South Carolina | $38,560 |
| South Dakota | $34,820 |
| Tennessee | $39,060 |
| Texas | $44,190 |
| Utah | $39,710 |
| Vermont | $40,190 |
| Virginia | $42,990 |
| Washington | $44,570 |
| West Virginia | $32,200 |
| Wisconsin | $40,110 |
| Wyoming | $39,120 |
Tools & Technologies Used by Loan Interviewers and Clerks
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
Becoming a Loan Interviewer or Clerk
What education is needed to be a Loan Interviewer or Clerk?
How Long Does it Take 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.
Similar Careers
Those interested in being a Loan Interviewer or Clerk may also be interested in:
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
References:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
Featured Schools
Request Info
|
Southern New Hampshire University You have goals. Southern New Hampshire University can help you get there. Whether you need a bachelor's degree to get into a career or want a master's degree to move up in your current career, SNHU has an online program for you. Find your degree from over 200 online programs. Learn More > |
Course Advisor provides higher-education, college and university, degree, program, career, salary, and other helpful information to students, faculty, institutions, and other internet audiences. Presented information and data are subject to change. Inclusion on this website does not imply or represent a direct relationship with the company, school, or brand. Information, though believed correct at time of publication, may not be correct, and no warranty is provided. Contact the schools to verify any information before relying on it. Financial aid may be available for those who qualify. The displayed options may include sponsored or recommended results, not necessarily based on your preferences.
© Course Advisor – All Rights Reserved.