How to become a loan interviewers and clerk
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.
Steps to get there
Most employers expect most occupations in this zone require training in vocational schools, related on-the-job experience, or an associate's degree..Previous work-related skill, knowledge, or experience is required for these occupations. For example, an electrician must have completed three or four years of apprenticeship or several years of vocational training, and often must have passed a licensing exam, in order to perform the job.
What loan interviewers and clerks do
- Answer questions and advise customers regarding loans and transactions.
- Verify and examine information and accuracy of loan application and closing documents.
- Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.
- Accept payment on accounts.
- Review customer accounts to determine whether payments are made on time and that other loan terms are being followed.
- Interview loan applicants to obtain personal and financial data and to assist in completing applications.
Skills that matter most
- Active Listening
- Speaking
- Reading Comprehension
- Critical Thinking
- Writing
- Active Learning
- Mathematics
- Monitoring
Is loan interviewers and clerk a good career?
On the numbers, this job is close to the average across occupations. Median pay is 2% below the all-occupation median. Whether it fits you depends on the work itself, the schooling you are willing to do and where you want to live.
Where it pays most
- District of Columbia $77,080
- Maryland $59,430
- Connecticut $58,980
- Massachusetts $58,940
- New Jersey $58,760
Loan Interviewers and Clerks salary by state and city
Sources: O*NET® 31.0 (CC BY 4.0, USDOL/ETA) and BLS Employment Projections 2025–35. Pay: BLS OEWS May 2025.