Loan Interviewers and Clerks Salary 2017: How Much Money Do They Make

Stanley TanLeave a Comment



hourly pay for Loan Interviewers and Clerks
do Loan Interviewers and Clerks make a lot of money

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


  • $40300
    Salary
  • 65%
    Job satisfaction
  • Medium
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

C



How Much Successful Loan Interviewers and Clerks Make In 2017


In this salary guide, you will find out how much do Loan Interviewers and Clerks make.

After reading this, you will be able to make a decision if working as a Loan Interviewer and Clerk will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).



Average salary

Annual salary
$40300 per year

Hourly wage
$19.370 per hour


1 of the most popular questions we get from our readers here at OwlGuru is how much do Loan Interviewers and Clerks make per year and what is their hourly wage.

According to BLS, the average annual salary of Loan Interviewers and Clerks is $40300. Their salary can also be as low as $24710 if you’re still a newbie with no experience to over $58630 if you have a ton of experience under your belt.

The typical hourly pay is $19.370 and can range from $11.880 to $28.190 which also depends if you’re a newbie or a professional.

Just like any other job, the salary of A Loan Interviewer and Clerk will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank
C

We wanted to make it easy for our readers to compare the salary of A Loan Interviewer and Clerk to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do Loan Interviewers and Clerks make with other careers, they have a salary rank of C.



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Salary range

LevelHourlyYearly
Highest (Top 10%)$28.190$58630
Senior (Top 25%)$23.220$48310
Middle (Mid 50%)$18.570$38630
Junior (Bottom 25%)$14.960$31110
No experience (Bottom 10%)$11.880$24710


Entry-level Loan Interviewers and Clerks who starts out at $31110 can expect to make $38630 after 3-5 years of experience in the field.

The bottom 10% makes less than $11.880 per hour while the top 10% makes over $28.190 per hour.

While the median wage is $38630 per annum or $18.570 per hour.

Depending on who you work for, you might also get overtime pay.

# = Over $100 per hour or $200,000 per year.


Highest paying industries

Industry nameHourly wageAnnual salary
Automobile Dealers22.8647550
Grantmaking and Giving Services22.7747370
Motor Vehicle and Parts Dealers22.7447300
Retail Trade22.747210
State Government, excluding schools and hospitals21.8845510
Religious, Grantmaking, Civic, Professional, and Similar Organizations21.2144120
Other Motor Vehicle Dealers20.843270
Other Financial Investment Activities20.6642980
Management, Scientific, and Technical Consulting Services20.6642970
Securities, Commodity Contracts, and Other Financial Investments and Related Activities20.542630
Other Professional, Scientific, and Technical Services20.2342080
Community Food and Housing, and Emergency and Other Relief Services19.5740710
Securities and Commodity Contracts Intermediation and Brokerage19.540560
Automotive Equipment Rental and Leasing19.4740500
Direct Insurance (except Life, Health, and Medical) Carriers19.4440440
Insurance Carriers19.3440220
Rental and Leasing Services19.2740090
Management of Companies and Enterprises19.2540040
Federal, State, and Local Government19.2540040
Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service19.2540040
Construction19.239940
Insurance Carriers and Related Activities19.1739870
Lessors of Real Estate19.0139540
Technical and Trade Schools (including private, state, and local government schools)1939520
Technical and trade schools, Privately owned1939520
Employment Services18.9739460
Activities Related to Real Estate18.8939300
Construction of Buildings18.8439190
Residential Building Construction18.8439190
Professional, Scientific, and Technical Services18.7939090
Information18.7939080
Data Processing, Hosting, and Related Services18.7939080
Sector 56- Administrative and Support and Waste Management and Remediation Services18.7539000
Administrative and Support Services18.7539000
Local Government, excluding schools and hospitals18.6138710
Insurance Agencies and Brokerages18.5538580
Activities Related to Credit Intermediation18.5138490
Agencies, Brokerages, and Other Insurance Related Activities18.4638390
Other Insurance Related Activities18.3838230
All industries, private ownership only18.3338130
All industries18.3338120
Finance and Insurance18.1437740
Computer Systems Design and Related Services18.1237700
Credit Intermediation and Related Activities18.0537540
Nondepository Credit Intermediation18.0337510
Real Estate and Rental and Leasing17.9937420
Other Nondepository Credit Intermediation17.9837400
Local government, including schools and hospitals17.9537330
Depository Credit Intermediation17.9237260
Health Care and Social Assistance (including private, state, and local government hospitals)17.937230
Federal, state, and local government, including government owned schools and hospitals, and the US Postal Service17.8837190
Colleges, universities, and professional schools, Privately owned17.8537120
Real Estate17.7836980
State government, including schools and hospitals17.7636940
Educational Services, Privately owned17.7136840
Social Assistance17.7136840
Legal Services17.6136630
Colleges, Universities, and Professional Schools (including private, state, and local government schools)17.5736550
Educational Services (including private, state, and local government schools)17.3536080
Educational Services, Local government owned17.135570
Junior colleges, Local government owned17.135570
Colleges, universities, and professional schools, State government owned16.9735290
Business Support Services16.9635270
Offices of Real Estate Agents and Brokers16.7534830
Junior Colleges (including private, state, and local government schools)16.4834270
Educational Services, State government owned16.4534210
Architectural, Engineering, and Related Services15.732650
Engineering Services15.732650
Individual and Family Services14.7730710
Other Services (except Federal, State, and Local Government)14.4730110
Junior colleges, State government owned14.2629650
Personal and Laundry Services10.6622170
Other Personal Services10.6622170

Not all industries pay the same for Loan Interviewers and Clerks.

1 of the easiest way to increase your salary is to change industries and find a higher paying one.



Highest paying states

StateHourlyAnnual
DC$21.77$45280
MA$21.48$44690
CO$21.27$44250
TX$21.24$44180
CA$20.91$43490
MD$20.88$43430
NY$20.35$42330
AZ$20.19$41990
OR$19.82$41220
IL$19.67$40910

Another simple way to boost your pay as A Loan Interviewer and Clerk is to move to a higher paying state. However moving to a higher paying state like DC doesn’t mean you will make more overall. This is because the expenses at DC may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful Loan Interviewers and Clerks are in the states of DC, MA, CO, TX and CA. The average salary in DC is $45280.



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Rank: C
Salary: $50120

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.
Rank: B
Salary: $56890

They determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
Rank: A
Salary: $73670

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.
Rank: C+
Salary: $43870

They prepare tax returns for individuals or small businesses.
Rank: C+
Salary: $38070

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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Related to Loan Interviewers and Clerks Salary

Loan Interviewers and Clerks salary, how much do Loan Interviewers and Clerks earn, Loan Interviewers and Clerks hourly wage, Loan Interviewers and Clerks annual pay, highest paying industries for Loan Interviewers and Clerks, which states pay the highest for Loan Interviewers and Clerks

Additional resources

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

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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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