What You Need to Know About Loan Interviewer or Clerk
Position 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.
List of Loan Interviewer or Clerk Job Duties
- Interview loan applicants to obtain personal and financial data and to assist in completing applications.
- Verify and examine information and accuracy of loan application and closing documents.
- Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.
- Accept payment on accounts.
- Establish credit limits and grant extensions of credit on overdue accounts.
- Check value of customer collateral to be held as loan security.
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Things a Loan Interviewer or Clerk Should Know How to Do
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:
- Document Coordinator
- Loan Documentation Specialist
- Mortgage Clerk
- Mortgage Closing Clerk
- Loan Secretary
Loan Interviewer or Clerk Job Outlook
In 2016, there was an estimated number of 229,800 jobs in the United States for Loan Interviewer or Clerk. 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.
Do Loan Interviewers and Clerks Make A Lot Of Money?
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 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 do Loan Interviewers and Clerks Use?
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
Are there Loan Interviewers and Clerks education requirements?

How many years of work experience do I need?

Who Employs Loan Interviewers and Clerks?

Loan Interviewers and Clerks work in the following industries:

Similar Careers
Those thinking about becoming a Loan Interviewer or Clerk might also be interested in the following careers:
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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