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2021 Loan Interviewers and Clerks Salary Guide

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 Interviewers and Clerks Salary

Salary

$41.4K

Growth

8%

Bright Outlook

Bright

Green

No

Loan Interviewers and Clerks Job 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.

Also known as:

Closer, Licensed Loan Officer Assistant, Loan Analyst, Loan Clerk, Loan Closer, Loan Originator, Loan Processor, Mortgage Broker, Mortgage Loan Processor, Mortgage Processor

How Much Do Loan Interviewers and Clerks Make ? 2021

Percentile 10% 25% 50% (Median) 75% 90%
Annual Wage $27,350 $33,730 $41,370 $50,950 $61,360
Hourly Wage $13.15 $16.22 $19.89 $24.49 $29.50

How Much Do Loan Interviewers and Clerks Make ? 2021

Percentile
10%
25%
50% (Median)
75%
90%
Annual Wage
$27,350
$33,730
$41,370
$50,950
$61,360
Hourly Wage
$13.15
$16.22
$19.89
$24.49
$29.50

Loan Interviewers and Clerks 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.
  • Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.
  • Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.
  • 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.
  • Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.
  • Order property insurance or mortgage insurance policies to ensure protection against loss on mortgaged property.
  • Answer questions and advise customers regarding loans and transactions.
  • Present loan and repayment schedules to customers.
  • Accept payment on accounts.
  • Schedule and conduct closings of mortgage transactions.
  • Establish credit limits and grant extensions of credit on overdue accounts.

What Activities Do Loan Interviewers and Clerks Do?

  • Verify accuracy of financial or transactional data.
  • Compile data or documentation.
  • Maintain financial or account records.
  • Prepare documentation for contracts, transactions, or regulatory compliance.
  • Provide notifications to customers or patrons.
  • Maintain financial or account records.
  • Obtain personal or financial information about customers or applicants.
  • Prepare business correspondence.
  • Prepare documentation for contracts, transactions, or regulatory compliance.
  • Interview employees, customers, or others to collect information.
  • Type documents.
  • Monitor financial information.
  • Calculate financial data.
  • Verify accuracy of financial or transactional data.
  • Arrange insurance coverage.
  • Discuss account status or activity with customers or patrons.
  • Discuss account status or activity with customers or patrons.
  • Collect deposits, payments or fees.
  • Schedule appointments.
  • Negotiate financial arrangements.

Typical Loan Interviewers and Clerks Knowledge?

  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

What Are Typical Loan Interviewers and Clerks Abilities?

  • Written Comprehension - Reading and understanding what is written.
  • Oral Comprehension - Listening and understanding what people say.
  • Oral Expression - Communicating by speaking.
  • Speech Clarity - Speaking clearly.
  • Speech Recognition - Recognizing spoken words.
  • Near Vision - Seeing details up close.
  • Information Ordering - Ordering or arranging things.
  • Problem Sensitivity - Noticing when problems happen.
  • Deductive Reasoning - Using rules to solve problems.
  • Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
  • Written Expression - Communicating by writing.

What Are Typical Loan Interviewers and Clerks Skills? 2021

  • Active Listening - Listening to others, not interrupting, and asking good questions.
  • Speaking - Talking to others.
  • Reading Comprehension - Reading work-related information.
  • Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
  • Writing - Writing things for co-workers or customers.
  • Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.
  • Social Perceptiveness - Understanding people's reactions.
  • Active Learning - Figuring out how to use new ideas or things.
  • Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.

What Are Typical Loan Interviewers and Clerks Interests?

  • Conventional - Occupations related to Conventional interests frequently involve following set procedures and routines. They include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  • Enterprising - Occupations with Enterprising interests frequently involve starting up and carrying out projects. Many involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.

What Is The Projected Employment For Loan Interviewers and Clerks ? 2021

Location 2019 Employment 2029 Employment Percent change Annual projected job openings
United States 212,600 230,300 8% 21,200

What Is The Projected Employment For Loan Interviewers and Clerks ? 2021

Location
2019 Employment
2029 Employment
Percent change
Annual projected job openings
United States
212,600
230,300
8%
21,200

What Is The Required Loan Interviewers and Clerks Education & Experience? 2021

  • High school diploma or equivalent
  • No work experience
  • Less than 1 month on-the-job training

Loan Interviewers and Clerks Schools ?

School Program Name Location Length / Graduates
Albany Technical College Banking and Financial Support Services Albany, GA Less than one year: 0
Arapahoe Community College Banking and Financial Support Services Littleton, CO 2 years: 0
At least one but less than two years: 0
Arkansas Tech University Banking and Financial Support Services Russellville, AR 2 years: 0
At least one but less than two years: 0
Less than one year: 0
Baltimore City Community College Banking and Financial Support Services Baltimore, MD At least one but less than two years: 0
Bellevue University Banking and Financial Support Services Bellevue, NE 4 years: 6
Bergen Community College Banking and Financial Support Services Paramus, NJ 2 years: 3
Black Hawk College Banking and Financial Support Services Moline, IL 2 years: 2
At least one but less than two years: 3
Blue Ridge Community College Banking and Financial Support Services Flat Rock, NC 2 years: 0
Boston University Banking and Financial Support Services Boston, MA More than 4 years: 9
BridgeValley Community & Technical College Banking and Financial Support Services South Charleston, WV At least one but less than two years: 1

Loan Interviewers and Clerks Schools ?

School
Program Name
Location
Length / Graduates
Banking and Financial Support Services
Albany, GA
Less than one year: 0
Banking and Financial Support Services
Littleton, CO
2 years: 0
At least one but less than two years: 0
Banking and Financial Support Services
Russellville, AR
2 years: 0
At least one but less than two years: 0
Less than one year: 0
Banking and Financial Support Services
Baltimore, MD
At least one but less than two years: 0
Banking and Financial Support Services
Bellevue, NE
4 years: 6
Banking and Financial Support Services
Paramus, NJ
2 years: 3
Banking and Financial Support Services
Moline, IL
2 years: 2
At least one but less than two years: 3
Banking and Financial Support Services
Flat Rock, NC
2 years: 0
Banking and Financial Support Services
Boston, MA
More than 4 years: 9
Banking and Financial Support Services
South Charleston, WV
At least one but less than two years: 1

Loan Interviewers and Clerks Jobs Near Me .

Job Title Company Location Date Posted Federal Contractor
Acquisitions Post-Closing Coordinator OfferPad, LLC Chandler, Arizona 06/20/2021 No
Commercial Construction Loan Disbursement Specialist Zions Bancorporation Salt Lake City, Utah 06/20/2021 Yes
Commercial Lease Documentation Coordinator Zions Bancorporation Salt Lake City, Utah 06/20/2021 Yes
Consumer Lending Assistant Manager Southland Credit Union Los Alamitos, California 06/20/2021 No
Full Time Data Processor Trintech 06/20/2021 No
Full Time Loan Asssitant Arkansas Department of Workforce Services Little Rock, Arkansas 06/20/2021 No
Grandbridge Sr Agency Underwriter Truist Frisco, Texas 06/20/2021 Yes
Loan Processing Specialist Aerotek DENVER, Colorado 06/20/2021 Yes
Loan Processor Spire Federal Credit Union Falcon Heights, Minnesota 06/20/2021 No
Loan Processor Latitude, Inc. Beltsville, Maryland 06/20/2021 No

Loan Interviewers and Clerks Jobs Near Me .

Job Title
Company
Location
Date Posted
Federal Contractor
OfferPad, LLC
Chandler, Arizona
06/20/2021
No
Zions Bancorporation
Salt Lake City, Utah
06/20/2021
Yes
Zions Bancorporation
Salt Lake City, Utah
06/20/2021
Yes
Southland Credit Union
Los Alamitos, California
06/20/2021
No
Trintech
06/20/2021
No
Arkansas Department of Workforce Services
Little Rock, Arkansas
06/20/2021
No
Truist
Frisco, Texas
06/20/2021
Yes
Aerotek
DENVER, Colorado
06/20/2021
Yes
Spire Federal Credit Union
Falcon Heights, Minnesota
06/20/2021
No
Latitude, Inc.
Beltsville, Maryland
06/20/2021
No

Loan Interviewers and Clerks 2021 Salary Guide By State

Common Careers