How To Become A Loan Interviewer and Clerk: Degree and Education Requirements

Stanley TanLeave a Comment



what degree do you need to become a Loan Interviewer and Clerk
majors for Loan Interviewers and Clerks

Loan Interviewers and Clerks

Other names for this job might include Administrative Assistant, Closer, Closing Agent, Closing Coordinator, Credit Clerk, Disbursement Clerk, Document Coordinator, Document Processor, Eligibility Clerk, Funding Specialist


  • $39210
    Salary
  • 65%
    Job satisfaction
  • Medium
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

C



Be A Loan Interviewer and Clerk: What You Really Need


In this requirements guide for Loan Interviewers and Clerks, you will find out what do you need to become a Loan Interviewer and Clerk and what it takes to become one.

After reading this, you will be able to plan for your future if you want to be a Loan Interviewer and Clerk.



Degree required

Recommended degree level

Associate’s Degree (or other 2-year degree)

Associates degree
39.72%

High School Diploma
28.05%

Some college courses
14.58%

Certificate
13.75%

Bachelors degree
3.91%

Generally, employers are looking for Loan Interviewers and Clerks who have a Associates degree. They also prefer someone who is good in Active Listening and Speaking.

1 common question that we always get is what major or degree do I need to become A Loan Interviewer and Clerk or what courses do I need to take.

We did a survey to ask other Loan Interviewers and Clerks what did they major in college or university and here are the most popular majors that came up.

Banking and Financial Support Services

Loan Interviewers and Clerks typically need a high school diploma or equivalent to enter the occupation. Employers of Loan Interviewers and Clerks may prefer candidates who have taken some college courses in business or economics, and in some cases require a 2- or 4-year college degree.



Schools

schools for Loan Interviewers and Clerks

Interested in becoming A Loan Interviewer and Clerk? Find the right schools that can help you to become one. You will need some of your details to get you matched with the right college or university. This service is free thanks to our sponsors.

Questions to ask the university or college:

  1. How many students are in the program?
  2. Is your program accredited?
  3. How many faculty members do you have? Do they hold the right credentials?
  4. What is your job placement rate?
  5. Does your school hold career fairs or other on-campus events with employers? How many employers typically attend?
  6. How many of your students have at least one internship by graduation?

Click to start becoming a Loan Interviewer and Clerk




How long does it take

Difficulty
Medium

You may need some previous work-related skill, knowledge or experience to be A Loan Interviewer and Clerk.

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.

To become A Loan Interviewer and Clerk, you will usually need 1 to 2 years of training which includes both on-the-job experience and training with experienced workers.


How long does it take
1 to 2 years


Work experience
1 to 2 years

1 to 2 years
39.85%

6 months to 1 year
22.43%

No experience
18.19%

2 to 4 years
17.7%

Over 10 years
0.77%

Job training
0 to 1 month

0 to 1 month
46.69%

1 to 3 months
31.41%

1 to 2 years
15.54%

3 to 6 months
5.03%

4 to 10 years
1.16%

Most Loan Interviewers and Clerks have 1 to 2 years work experience and 0 to 1 month job training.

To increase your chances of getting a job, you can look for job training while studying to be one.



License and certifications

Do you need any license or certification
Not required


No license or certification required for Loan Interviewers and Clerks



Skills required

We asked other Loan Interviewers and Clerks if they could only have 5 skills, what would they be. Here is what they said.

1. Active Listening what does this mean
2.Speaking what does this mean
3.Reading Comprehension what does this mean
4.Writing what does this mean
5.Critical Thinking what does this mean
= Hot in-demand that most employers are looking for

We did some research and found that most successful Loan Interviewers and Clerks have these 5 common characteristics. Most of them had Dependability and Attention to Detail.

1.Dependability
2.Attention to Detail
3.Integrity
4.Cooperation
5.Initiative




Knowledge required

Just like any other job, you will need some know-hows to do the job. To become a successful Loan Interviewers and Clerks you need to acquire knowledge in these 5 key areas.

1. Customer and Personal Service what does this mean
2.English Language what does this mean
3.Mathematics what does this mean
4.Clerical what does this mean
5.Economics and Accounting what does this mean

As A Loan Interviewer and Clerk, you may also be required to know how to use certain Accounting software, Financial analysis software and Financial analysis software tools.

Automated financial software (Accounting software)
Automated underwriting software (Financial analysis software)
Credit reporting software (Financial analysis software)
Desktop publishing software (Desktop publishing software)
Desktop Underwriter (Financial analysis software)
= Hot in-demand that most employers are looking for




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Career type

Office and Administration
Banking and Related Services

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Related to Loan Interviewers and Clerks Requirements

Loan Interviewers and Clerks requirements, how to become Loan Interviewers and Clerks, degree required to be a Loan Interviewer and Clerk, Loan Interviewers and Clerks license and certifications, majors to be a Loan Interviewer and Clerk, is it hard to become a Loan Interviewer and Clerk and how long does it take

Additional resources

http://www.bls.gov/OOH/office-and-administrative-support/financial-clerks.htm
http://www.aba.com/
https://www.mba.org/

OwlGuru.com
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Loan Interviewers and Clerks
Written by: Stanley Tan
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.
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