Loan Interviewers and Clerks: Salary, Job Description, How To Become One, and Quiz

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Loan Interviewers and Clerks career information
pros and cons of being a Loan Interviewer and Clerk

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.

$41310
Salary
65%
Job Satisfaction
Not Too Hard
Becoming One
Medium
Job Growth
Suitable Personality

Loan Interviewers and Clerks

Salary, Job Description, How To Become One, and More


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.



Job description

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.


    Read more about what does a Loan Interviewer and Clerk really do at work and what is it like being and working as one.




    Become one

    schools for Loan Interviewers and Clerks

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    Salary

    Average salary
    $41310 per year

    Average hourly wage
    $20 per hour


    Loan Interviewers and Clerks with little to no experience tend to make between $25600 and $32370 while the more experienced ones can earn over $49510 per year.

    Top 5 paying statesHourlyAnnual
    DC$27$55,320
    CT$23$48,160
    HI$23$47,970
    CO$23$47,630
    CA$22$46,480

    One 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, CT, HI, CO and CA.

    However a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be twice as high than where you are currently at now.

    Three 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.



    Requirements

    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 High School Diploma followed by a Bachelor’s Degree.

    Other than that, we also asked them what did they major in and here are the most popular majors that came up.

    Banking and Financial Support Services

    Read more about how to become a Loan Interviewer and Clerk and the degree, training and education you need.



    Pros and Cons

    Here are some of the pros and cons of being a Loan Interviewer and Clerk.

    PROS
    Suitable for people who likes to follow routines
    Suitable for people who values relationships between co-workers and customers and wants to work in a friendly non-competitive environment
    This career is perfect for people who love to work indoors.
    It is not too difficult to get into this career. Previous work-related skill, knowledge, or experience is required for this career.
    Normal working hours (40 hours per week)
    CONS
    Not suitable for people who likes to work with designs
    Salary is below average



    What is the job like

    Job satisfaction
    65%

    Is this job meaningful
    42%


    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 Entrepreneurs


    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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    Related career information

    Loan Interviewers and Clerks job description, Loan Interviewers and Clerks salary, Loan Interviewers and Clerks information, what is the job of a Loan Interviewer and Clerk like, pros and cons about Loan Interviewers and Clerks, colleges and universities for Loan Interviewers and Clerks, is Loan Interviewers and Clerks the right career for me, careers in Office and Administration

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