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.

Fast Facts

Hourly Pay
Entry Level: $13.61/hr
Median: $16.26/hr
Experienced: $18.48/hr

Current Employment
1,642 (2019)

Projected Employment
1,510 (2030)

Growth for Loan Interviewers and Clerks

2019 Jobs2030 JobsChange (2019 - 2030)% Change (2019 - 2030)

Industries Employing Loan Interviewers and Clerks

IndustryOccupation Jobs in Industry (2019)% of Occupation in Industry (2019)% of Total Jobs in Industry (2019)
Real Estate Credit66940.7%38.9%
Commercial Banking20712.6%14.2%
Corporate, Subsidiary, and Regional Managing Offices1368.3%2.7%
Credit Card Issuing1297.9%9.9%
Credit Unions1006.1%14.3%

Occupational Skills

  • 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.