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Loan Interviewer or Clerk

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What You Need to Know About Loan Interviewer or Clerk

Loan Interviewer or Clerk Example 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

  • Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.
  • Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.
  • Check value of customer collateral to be held as loan security.
  • Verify and examine information and accuracy of loan application and closing documents.
  • Submit loan applications with recommendation for underwriting approval.
  • Schedule and conduct closings of mortgage transactions.

Loan Interviewer or Clerk Required Skills

When polled, Loan Interviewers and Clerks say the following skills are most frequently used in their jobs:

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.

  • Loan Processor
  • Loan Documentation Specialist
  • Mortgage Closing Clerk
  • Mortgage Processing Clerk
  • Credit Clerk

Loan Interviewer or Clerk Employment Estimates

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. There will be an estimated 25,700 positions for Loan Interviewer or Clerk per year.

Forecasted Number of Jobs for Loan Interviewers and Clerks in U.S.

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?

The average yearly salary of a Loan Interviewer or Clerk ranges between $25,600 and $59,710.

Salary Ranges for Loan Interviewers and Clerks

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

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?

Loan Interviewer or Clerk Degree Level

What work experience do I need to become a Loan Interviewer or Clerk?

Loan Interviewer or Clerk Work Experience

Where Loan Interviewers and Clerks Work

Loan Interviewer or Clerk Sectors

The table below shows the approximate number of Loan Interviewers and Clerks employed by various industries.

Loan Interviewer or Clerk Industries

Other Jobs You May be Interested In

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:


Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic

More about our data sources and methodologies.

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