Median pay
$48,950
Median annual pay for Loan Interviewers and Clerks.
U.S. Bureau of Labor Statistics · 2024
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Office and Administration
Loan Interviewers and Clerks
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.
10-year growth
-2.3%
Projected employment growth from 2024 to 2034.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Annual openings
13,300
Projected annual openings, including growth and replacement demand.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Employment
177,600
Estimated U.S. employment for Loan Interviewers and Clerks in 2024.
U.S. Bureau of Labor Statistics · 2024
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Jobs added or lost
-4,100
Projected numeric employment change from 2024 to 2034.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Entry preparation
High school diploma or equivalent
Typical additional preparation: Short-term on-the-job training.
U.S. Bureau of Labor Statistics · 2024 profile
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O*NET occupation profile
What the work involves
Strongest O*NET signals first.
Essential skills
- 1Active Listening
- 2Speaking
- 3Reading Comprehension
- 4Critical Thinking
- 5Writing
- 6Active Learning
Knowledge areas
- 1Customer and Personal Service
- 2English Language
- 3Administrative
- 4Computers and Electronics
- 5Law and Government
- 6Mathematics
Abilities
- 1Oral Comprehension
- 2Written Comprehension
- 3Oral Expression
- 4Speech Clarity
- 5Speech Recognition
- 6Information Ordering
Career interests
- 1Conventional
- 2Enterprising
- 3Social
- 4Investigative
- 5Artistic
- 6Realistic
Work styles
- 1Attention to Detail
- 2Dependability
- 3Cautiousness
- 4Integrity
- 5Social Orientation
- 6Self-Control
Work activities
- 1Working with Computers
- 2Getting Information
- 3Performing for or Working Directly with the Public
- 4Evaluating Information to Determine Compliance with Standards
- 5Processing Information
- 6Communicating with Supervisors, Peers, or Subordinates
Work context
- 1Telephone Conversations
- 2Contact With Others
- 3Indoors, Environmentally Controlled
- 4Deal With External Customers or the Public in General
- 5Importance of Being Exact or Accurate
- 6Spend Time Sitting
Representative tasks
- 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.
Software and tools
Microsoft Word · in demandMicrosoft PowerPoint · in demandMicrosoft Outlook · in demandMicrosoft Office software · in demandMicrosoft Excel · in demandMicrosoft Windows · hot technologyMicrosoft Access · hot technologyAutomated financial softwareRockport Integrated Excel UnderwritingMicrosoft DynamicsLoan tracking softwareLending software systems
Sources
BLS provides national pay, employment, and projections. O*NET provides skills, interests, preparation, tasks, work context, and tools.