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.
Related Job Titles for this Occupation:
- 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.
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.
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|
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?
What work experience do I need to become a Loan Interviewer or Clerk?
Where Loan Interviewers and Clerks Work
The table below shows the approximate number of Loan Interviewers and Clerks employed by various 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:
- 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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