Loan Interviewers and Clerk

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  Career Profile

Loan Interviewers and Clerk

What they do

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.

Also Called: Closer, Licensed Loan Officer Assistant, Loan Analyst, Loan Clerk, Loan Closer, Loan Originator, Loan Processor, Mortgage Broker, Mortgage Loan Processor, Mortgage Processor, Closer, Licensed Loan Officer Assistant, Loan Analyst, Loan Clerk, Loan Closer, Loan Originator, Loan Processor, Mortgage Broker, Mortgage Loan Processor, Mortgage Processor

$35,010
Starting Salary (2023)
$47,380
Median Salary (2023)
-1.0%
Projected Job Growth
203,940
Employment (2022)

Typical Tasks

Verify and examine information and accuracy of loan application and closing documents.
Contact credit bureaus, employers, and other sources to check applicants' credit and personal references.
Answer questions and advise customers regarding loans and transactions.
File and maintain loan records.
Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.

A day in the life

What kind of work is this?

Conventional
Organized, Procedural Work
Enterprising
Business based Work
Social
Working with people

What personality traits do you need to succeed?

Attention to Detail
Integrity
Dependability
Cooperation
Initiative
Self-Control

What key skills are needed for this job?

Active Listening
Speaking
Reading Comprehension
Critical Thinking
Writing
Complex Problem Solving

Expected Knowledge

Customer and Personal Service
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
Administrative
Knowledge of administrative and office procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and workplace terminology.

Common Activities

Working with Computers
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
Performing for or Working Directly with the Public
Performing for people or dealing directly with the public. This includes serving customers in restaurants and stores, and receiving clients or guests.

More Info

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