Life As a 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.
Loan Interviewer or Clerk Responsibilities
- Establish credit limits and grant extensions of credit on overdue accounts.
- Answer questions and advise customers regarding loans and transactions.
- Schedule and conduct closings of mortgage transactions.
- Interview loan applicants to obtain personal and financial data and to assist in completing applications.
- File and maintain loan records.
- Check value of customer collateral to be held as loan security.
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What Skills Do You Need to Work as a Loan Interviewer or Clerk?
Below is a list of the skills most Loan Interviewers and Clerks say are important on the job.
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
- Loan Originator
- Mortgage Processing Clerk
- Licensed Loan Officer Assistant
- Credit Clerk
- Post Closer
What Kind of Loan Interviewer or Clerk Job Opportunities Are There?
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
Loan Interviewers and Clerks make between $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
How to Become a Loan Interviewer or Clerk
What education is needed to be a Loan Interviewer or Clerk?

How many years of work experience do I need?

Where Loan Interviewers and Clerks Work

The table below shows some of the most common industries where those employed in this career field work.

Other Jobs You May be Interested In
Those thinking about becoming a Loan Interviewer or Clerk might also be interested in the following careers:
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.
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