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Loan Interviewers and Clerks in Louisiana
Considering working as a Loan Interviewers and Clerks in Louisiana? Below are the key facts. 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.
What do Loan Interviewers and Clerks Make in Louisiana?
For loan interviewers and clerks working in Louisiana, the typical annual salary is $44,860 per year (or roughly $21.57/hour).Pay can range from $26,670 at the 10th percentile to $55,350 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $26,670 | $12.82 |
| 25th percentile | $36,760 | $17.67 |
| Median (50th) | $44,860 | $21.57 |
| 75th percentile | $47,750 | $22.96 |
| 90th percentile | $55,350 | $26.61 |
The location quotient — a measure of how concentrated this occupation is in Louisiana nationwide is 0.88, indicating fewer loan interviewers and clerks per worker than the national average.
National Wage Comparison
Nationally, loan interviewers and clerks earn a median of $55,652 per year ($26.76/hour), below the Louisiana median.
Employment Outlook
Nationally, total employment in this occupation is 1,822,876 loan interviewers and clerks across the United States. In Louisiana alone, around 1,900 people work in this role. That’s below the typical state, which employs around 2,670 loan interviewers and clerks.
Top Louisiana Metros for Loan Interviewers and Clerks
The metro areas below employ the most loan interviewers and clerks in Louisiana.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Monroe, LA | 380 | $47,010 |
| Baton Rouge, LA | 320 | $43,950 |
| New Orleans-Metairie, LA | 320 | $46,040 |
| Lafayette, LA | 150 | $40,750 |
| Shreveport-Bossier City, LA | 130 | $42,100 |
| Slidell-Mandeville-Covington, LA | 110 | $43,440 |
| Lake Charles, LA | 70 | $42,920 |
| Houma-Bayou Cane-Thibodaux, LA | 60 | $37,070 |
| Alexandria, LA | 40 | $38,420 |
Top States for Loan Interviewers and Clerks Employment
The table below shows the states where the most loan interviewers and clerks work.
| State | Number Employed |
|---|---|
| Texas | 20,940 |
| California | 14,060 |
| Florida | 11,380 |
| Michigan | 8,160 |
| Ohio | 6,480 |
| Illinois | 6,250 |
| Arizona | 5,340 |
| Virginia | 5,050 |
| Wisconsin | 4,900 |
| Pennsylvania | 4,700 |
| Missouri | 4,670 |
| New York | 4,650 |
| North Carolina | 4,580 |
| Indiana | 4,170 |
| Georgia | 4,130 |
| Kentucky | 3,730 |
| Oklahoma | 3,490 |
| New Jersey | 3,370 |
| Minnesota | 3,300 |
| Tennessee | 3,290 |
Highest-Paying States for Loan Interviewers and Clerks
These states pay the most for loan interviewers and clerks.
| State | Annual Median Salary |
|---|---|
| District of Columbia | $77,730 |
| Delaware | $58,870 |
| Washington | $58,860 |
| Maryland | $58,260 |
| California | $57,790 |
| Connecticut | $57,680 |
| New York | $56,300 |
| New Hampshire | $55,620 |
| Massachusetts | $55,090 |
| Colorado | $53,120 |
Skills
Top loan interviewers and clerks skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Core knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
Key abilities for loan interviewers and clerks, rated on an importance scale of 0 to 5:
Daily Tasks
Day-to-day, loan interviewers and clerks typically:
- Verify and examine information and accuracy of loan application and closing documents.
- Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.
- Record applications for loan and credit, loan information, and disbursements of funds, using computers.
- Submit loan applications with recommendation for underwriting approval.
- Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.
- File and maintain loan records.
- Contact credit bureaus, employers, and other sources to check applicants' credit and personal references.
- Check value of customer collateral to be held as loan security.
- Interview loan applicants to obtain personal and financial data and to assist in completing applications.
- Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.
- Review customer accounts to determine whether payments are made on time and that other loan terms are being followed.
- Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.
Work Activities
- Working with Computers
- Getting Information
- Performing for or Working Directly with the Public
- Processing Information
- Evaluating Information to Determine Compliance with Standards
- Communicating with Supervisors, Peers, or Subordinates
- Making Decisions and Solving Problems
- Establishing and Maintaining Interpersonal Relationships
- Analyzing Data or Information
- Updating and Using Relevant Knowledge
- Organizing, Planning, and Prioritizing Work
- Identifying Objects, Actions, and Events
Tools & Technology
Common tools and software used in this occupation include: Hot technologies: Microsoft Access In-demand technologies: Microsoft Excel
Related Careers
Related occupations to loan interviewers and clerks include:
- Financial Managers
- Credit Analysts
- Personal Financial Advisors
- Insurance Underwriters
- Financial Examiners
- Credit Counselors
Also Known As
Closer, Closing Agent, Closing Coordinator, Commercial Loan Processor, Consumer Loan Processor, Credit Clerk, Disbursement Clerk, Document Coordinator, Document Processor, Financial Services Specialist, Financial Solutions Specialist, Financial Specialist, Investigator, Licensed Loan Officer Assistant, Loan Analyst.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 43-4131.00
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