In this career summary, you will find out what the job of A Loan Interviewer and Clerk is about and what it is like.
After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.
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.
- Verify and examine information and accuracy of loan application and closing documents.
- Interview loan applicants to obtain personal and financial data and to assist in completing applications.
- Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.
- Answer questions and advise customers regarding loans and transactions.
$39210 per year
$18.85 an hour
Loan Interviewers and Clerks with little to no experience tend to make between $24920 and $30480 while the more experienced ones make over $46720 per year.
|Top 5 paying states||Hourly||Annual|
1 of the easiest ways to increase your salary as A Loan Interviewer and Clerk is to move to a higher paying state like DC. Right now, the highest paying states for Loan Interviewers and Clerks are DC, MA, CO, TX and CA.
However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be 2x higher than where you are currently at now.
3 other factors that can increase your salary as A Loan Interviewer and Clerk is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).
Recommended degree level
Associate’s Degree (or other 2-year degree)
We asked other Loan Interviewers and Clerks what degree they had when they got the job and most of them said they had a Associates degree followed by High School Diploma.
Other than that we also asked them what did they major in and here are the most popular majors that came up.
Another popular question from our readers is what makes A Loan Interviewer and Clerk successful or would they be good in this career.
Well, we found that most successful Loan Interviewers and Clerks have these 5 skillsets.
In addition to that, 1 common characteristic among successful Loan Interviewers and Clerks is they are good at Dependability. Here are the top 5 common characteristics.
|Attention to Detail|
= Hot in-demand that most employers are looking for
Pros and Cons
Here are some reasons why you should and shouldn’t choose A Loan Interviewer and Clerk as your career.
|Suitable for people who likes to follow routines|
|Suitable for people who values relationships between coworkers and customers and wants to work in a friendly noncompetitive environment|
|This career is perfect for people who love to work indoors.|
|It is not too difficult to get into this career. Previous workrelated skill, knowledge, or experience is required for this career.|
|Normal working hours (40 hours per week)|
|Not suitable for people who likes to work with designs|
|Salary is below average|
There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.
A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.
What is the job like
Is this job meaningful
40 hours per week
Regular (Set schedule and routine)
On a normal working week Loan Interviewers and Clerks work 40 hours per week.
65% of Loan Interviewers and Clerks said they were satisfied with their job and 42% said they feel like their job is making other people’s lives better.
Is this right for me
Best personality for this career
The Organizers and The Persuaders
You can read more about these career personality types here.
People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas.
They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.
How we can help
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They perform duties related to the purchase, sale or holding of securities. Duties include writing orders for stock purchases or sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, tracking stock price fluctuations, computing equity, distributing dividends, and keeping records of daily transactions and holdings.
They determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
They evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
They prepare tax returns for individuals or small businesses.
They compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.
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