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What Do Loan Interviewer or Clerk Do?
Loan Interviewer or Clerk Definition 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
- Order property insurance or mortgage insurance policies to ensure protection against loss on mortgaged property.
- Establish credit limits and grant extensions of credit on overdue accounts.
- Schedule and conduct closings of mortgage transactions.
- File and maintain loan records.
- Accept payment on accounts.
- Answer questions and advise customers regarding loans and transactions.
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What Skills Do You Need to Work as a Loan Interviewer or Clerk?
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.
Other Loan Interviewer or Clerk Job Titles
- Mortgage Loan Processor
- Document Coordinator
- Loan Documentation Specialist
- Disbursement Clerk
- Loan Secretary
Is There Job Demand for Loan Interviewers and Clerks?
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. 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.
Salary for 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 |
|---|---|
| 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 |
What Tools & Technology 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?
Education needed to be a Loan Interviewer or Clerk:
What work experience do I need to become a Loan Interviewer or Clerk?
Loan Interviewers and Clerks Sector
The table below shows the approximate number of Loan Interviewers and Clerks employed by various industries.
Related Careers
Those interested in being a Loan Interviewer or Clerk may also be interested in:
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
References:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
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